The Australian share market has continued on with yesterday’s losses, opening in the red and shedding 0.61 per cent in the first two hours of trade. With President-elect Donald Trump being sworn in tomorrow, most sectors have appeared to retrace, with the financials space leading the losses. The healthcare space is faring the best with CSL Limited
(ASX:CSL) continuing on its stellar run gaining another 2.75 per cent.
The S&P/ASX 200 index is 35 points lower at 5,657. On the futures market the SPI is 29 points lower.
Company newsSydney Airport
(ASX:SYD) says international passenger numbers have grown 8.9 per cent for 2016, the fastest growth rate in 12 years. Inbound passengers from Indonesia accounted for close to 46 per cent of international passengers, followed by Japan which was almost 30 per cent. Domestic passenger numbers were up 3.8 per cent for the year. Shares in Sydney Airport are trading up 2.46 per cent at $6.04.
Shaver Shop Group Limited
(ASX:SSG) has provided a further update on its December and first half sales. Corporate total store retail sales in December were $27.8 million compared to recent guidance of $26 to $28 million. Sales for the half year came in at $78.5 million compared to just over $62 million in the previous corresponding period. Shares in Shaver Shop are trading up 12.32 per cent at $0.78.
Best and worst performersThe best performing sector is Healthcare, gaining 1.1 per cent to 21,083. Shares in Mayne Pharma
(ASX:MYX) have risen 3.13 per cent and trading at $1.32. Shares in CSL Limited
(ASX:CSL) and Sirtex Medical
(ASX:SRX) are also stronger.
The worst performing sector is Financials excluding REITs, falling 1.2 per cent to 7,174. Shares in Eclipx
(ASX:ECX) have fallen 2.62 per cent, trading at $3.72. Shares in Creditcorp
(ASX:CCP) and Westpac
(ASX:WBC) are also lower.
Gold and the dollarGold is trading at $US1,205 an ounce.
The Australian dollar is buying $US0.7565.
