Australian shares are trading lower at midday. Financials Excluding REIT is leading the way and the Utilities sector trailing behind in the first two hours of trade. Webjet
(ASX:WEB) is down as is, CYBG
(ASX:CYB) is down and so is Emeco Holdings
(ASX:EHL). WorleyParsons
(ASX:WOR) is on the rise though after announcing the signing of new deals in Europe. Midterm polls in the US are now closed in more than half of the states in the US. Traders are waiting anxiously for the outcome. The S&P/ASX 200 index is 10 (0.17 per cent) points down at 5865. On the futures market the SPI is 24 points lower.
Local economic newsAiG will release the performance of construction figures for October later today. .
Company newsHearing solutions compant Nuheara
(ASX:NUH) has secured the necessary product certifications for IQbuds™ and IQbuds BOOST™ to be sold in South Korea. To commence immediate sales in South Korea, Nuheara has also now appointed Sam Audio as the first non-exclusive distributor in the territory. Nuheara’s primary Asian country focus now includes Japan, Singapore, Hong Kong, Vietnam and South Korea. Shares in Nuheara
(ASX:NUH) are trading 3.23 per cent higher to 6 cents.
Property investment company Charter Hall
(ASX:CHC) Group reported their Funds Under Management increased by 13.8 per cent for year to date. During the period, the $1.6 billion Folkestone acquisition along with $1.4 billion of net acquisitions and $0.2 billion of capex saw the Group’s managed funds grow to $26.4 billion. Shares in Chater Hall Group
(ASX:CHC) are trading 0.44 per cent higher to $6.79.
Best and worst performersThe best performing sector is Financials Exluding REIT adding 0.3 per cent, while the worst performing sector is Utilities, shedding 0.9 per cent.
The best performing stock in the S&P/ASX 200 is WorleyParsons
(ASX:WOR), rising 11.4 per cent to $15.68, followed by shares in Syrah Resources name
(ASX:SYR) and Iluka Resources
(ASX:ILU).
The worst performing stock in the S&P/ASX 200 is Webjet
(ASX:WEB),dropping 6.1 per cent to $11.99, followed by shares in CYBG PLC
(ASX:CYB) and Emeco Holdings
(ASX:EHL).
Commodities and the dollar Gold is trading at US$1,229 an ounce.
Iron ore price is flat at US$75.74 and its futures are pointing to a fall of 0.6 per cent.
One Australian dollar is buying 72.45 US cents.
CryptocurrenciesSome of the most traded cryptocurrencies are trading higher. Bitcoin has gained 1.5 per cent to US$6519, Ethereum gained5.2 per cent to US$220 and XRP has gained5.9 per cent to US$0.54c
