After rising in the morning session, the ASX reversed course, reaching a low point around midday. Strong trading has been seen in Telstra Corporation
(ASX:TLS), trading 2.4 per cent higher, the A2 Milk Company
(ASX:A2M), trading 11.1 per cent lower, South32
(ASX:S32), trading 0.5 per cent lower and Pilbara Minerals
(ASX:PLS), trading 2.7 per cent lower.
At noon, the S&P/ASX 200 is 0.14 per cent or 11 points lower at 7,433.
The SPI futures are pointing to a fall of 20 points.
Best and worst performersThe best-performing sector is Communication Services, up 0.8 per cent. The worst-performing sector is Consumer Staples, down 1.9 per cent.
The best-performing stock in the S&P/ASX 200 is Reliance Worldwide
(ASX:RWC), trading 4.7 per cent higher at $5.45. It is followed by shares in Netwealth Group
(ASX:NWL) and Uniti Group
(ASX:UWL).
The worst-performing stock in the S&P/ASX 200 is The A2 Milk Company
(ASX:A2M), trading 11.2 per cent lower at $6.08. It is followed by shares in Codan
(ASX:CDA) and Regis Resources
(ASX:RRL).
Commodities and the dollarGold is trading at US$1789.93 an ounce.
Iron ore is 2.7 per cent higher at US$122.30 a ton.
Iron ore futures are pointing to a fall of 1.8 per cent.
One Australian dollar is buying 75.23 US cents.