The Australian share market rose at the open and managed to maintain momentum and is now tracking 0.6 per cent higher at noon. Vocus Group
(ASX:VOC) shares saw a rise today as did Domain Holdings
(ASX:DHG). Mining took a hit today with Evolution Mining
(ASX:EVN) seeing their shares fall and shares in Resolute Mining
(ASX:RSG) also took a dip. The best performing sector is healthcare. The worst performing sector is materials – the only sector in the red.
Local Economic NewsRetail turnover rose 0.9 per cent in November 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS). This follows a rise of 0.1 per cent in October 2019. There were rises for clothing, footwear and personal accessory retailing at 3.1 per cent. These rises were partially offset by a fall in other retailing (-0.5 per cent).
Broker movesCiti rates the Decmil Group
(ASX:DCG) as a Downgrade to a Neutral from a Buy this is mainly because the analyst believes there could be a drawn out process for issues with two of the company’s largest contracts. Target price is $0.63 Current Price is $0.51 Difference: $0.12. Shares in Decmil Group
(ASX:DCG) are 0.5 per cent lower at $0.51.
The S&P/ASX 200 index is 41 points up at 6,915. On the futures market the SPI is 41 points higher.
Company newsSeaLink Travel Group
(ASX:SLK) reports significant damage has been sustained to the SeaLink owned Vivonne Bay Lodge at Vivonne Bay on Kangaroo Island as a result of recent bush fire activity. The full extent of the damage is not yet known. All guests and personnel were evacuated from the Vivonne Bay property on Thursday 9 January 2020. SeaLink currently considers the damage to the Lodge will not have a material adverse impact on SeaLink Group earnings. Shares in SeaLink Travel Group
(ASX:SLK) are trading flat at $4.72.
Best and worst performersThe best-performing sector is Healthcare, adding 1.6 per cent, while the worst performing sector is Materials at 0.4 per cent lower.
The best performing stock in the S&P/ASX 200 is Vocus Group
(ASX:VOC), rising 4.7 per cent to $3.10, followed by shares in Domain Holdings
(ASX:DHG) and Orocobre
(ASX:ORE).
The worst performing stock in the S&P/ASX 200 is Evolution Mining
(ASX:EVN) falling 7.6 per cent to $3.52, followed by shares in Resolute Mining
(ASX:RSG) and Perenti Global
(ASX:CCL).
Commodities and the dollar Gold is trading at US$1,550 an ounce.
Iron ore price is 1.9 per cent lower at US$94.37.
Iron ore futures are pointing to a fall of 1 per cent.
One Australian dollar is buying 68.61US cents.
