The Australian share market dipped at the open, but later recovered, tracking 0.9 per cent or 6.5 points higher at 7392.9. The SPI futures are pointing to a rise of 5 points.
Information Technology and Health Care helped limit losses, despite Energy and banks weighing on the index.
Buy now, pay later providers Afterpay and Zip Co made gains. Afterpay
(ASX:APT) is trading 3.2 per cent higher followed by Zip Co
(ASX:Z1P) up 3 per cent. Accounting software Zero
(ASX:XRO) is also up 2.5 per cent.
Health Care giants CSL
(ASX:CSL) and Sonic Healthcare
(ASX:SHL) are trading 1.4 per cent higher followed by Fisher and Paykel Healthcare
(ASX:PKL) up 2 per cent.
Myer
(ASX:MYR) is trading flat at $0.46 following its news of securing a 10-year lease for a Victorian distribution centre.
Miners trimmed their losses along with the best-performing stock Evolution Mining
(ASX:EVN), trading 5.8 per cent higher following the completion of a $400 million institutional placement.
Energy supplier Santos
(ASX:STO) is down 1.9 per cent, Oil Search
(ASX:OSH) is down 1.5 per cent and Woodside Petroleum
(ASX:WPL) is down 0.3 per cent.
Onto banks, Commonwealth
(ASX:CBA) and Westpac
(ASX:WBC) are both down 0.7 per cent, ANZ
(ASX:ANZ) down 1.4 and NAB
(ASX:NAB) down 0.5 per cent.
NSW recorded 136 new Covid-19 cases as the delta outbreak worsens. Victoria recorded 14 new cases.
Company News South32
(ASX:S32) has announced that the National energy regulator of South Africa has approved a long-term energy supply agreement between its Hillside Aluminium smelter and Eskom Holdings, a South African electrical company.
Pendal Group (ASX: PDL) has announced the completion of its acquisition of the US-based investment management company Thompson, Siegel & Walmsley (TWS).
Gambling and entertainment company The Star Entertainment Group
(ASX:SGR) has informed Crown Resorts
(ASX:CWN) that it has withdrawn its bid to merge the two businesses after an incident at Victoria's Royal Commission.
Australian gold mining company Evolution Mining
(ASX:EVN) has announced that it has successfully completed a $400 million institutional placement of approximately 104 million new fully paid ordinary Evolution shares to institutional investors at $3.85 per share.
Best and worst performersThe best-performing sector is Information Technology, up 1.7 per cent. The worst-performing sector is Energy, down 0.7 per cent.
The best-performing stock in the S&P/ASX 200 is Evolution Mining
(ASX:EVN), trading 5.8 per cent higher at $4.30. It is followed by shares in Nickel Mines
(ASX:NIC) and Nuix
(ASX:NXL).
The worst-performing stock in the S&P/ASX 200 is Silver Lake Resources
(ASX:SLR), trading 10.8 per cent lower at $1.57. It is followed by shares in Northern Star Resources
(ASX:NST) and Crown Resorts
(ASX:CWN).
Commodities and the dollarGold is trading at US$1804.15 an ounce.
Iron ore is 5.7 per cent lower at US$202.63 a ton.
Iron ore futures are pointing to a fall of 2.1 per cent.
One Australian dollar is buying 73.85 US cents.
