Following mixed leads, the Australian share market edged higher this morning and has steadily ascended to be 0.2 per cent up at noon.
The S&P/ASX 200 index is 10 points up at 4,494. On the futures market the SPI is 14 points higher.
Company news Commonwealth Bank of Australia
(ASX:CBA) has cut interest rates on its fixed rate home loans. New fixed-rate mortgages between one and five years have been reduced by up to 30 basis points, while new fixed rate home loan rates now range between 5.39 and 5.69 per cent, a 22 year low. Shares in CBA are up 0.07 per cent at $56.78.
Sirius Resources
(ASX:SIR) has announced that it is continuing the expansion of its Nova nickel-copper deposit in Western Australia. The miner has updated readings of nickel and copper percentages from the deposit, while diamond drilling is ongoing from multiple rigs. Shares in Sirius resources are trading up 3.04 per cent at $2.37.
Best and worst performersThe best performing sector is Materials gaining 62 points to 10,108. Shares in Bathurst Resources Limited
(ASX:BTU) have risen 3.53 per cent and trading at $0.44. Shares in Evolution FPO
(ASX:EVN) and Arrium Limited
(ASX:ARI) are also stronger.
The worst performing sector is Health care, falling 81 points to 10,709. Shares in CSL Limited
(ASX:CSL)have fallen 1.31 per cent, trading at $46.68. Shares inCochlear Limited
(ASX:COH) and Sonic Healthcare Limited
(ASX:SHL) are also lower at midday.
Gold and the dollarGold is trading at $US1,770 an ounce and the Australian dollar is buying $US1.026.
