Tracking well: Aus shares 0.2 per cent higher at noon

Market Reports

by Adrian Tan

The ASX has remained steady in positive territory in the morning session. Shares in TPG Telecom (ASX:TPG) have fallen nearly 6 per cent, with over 56 million shares traded, after former Chairman David Teoh sold a $335 million interest on Thursday. Strong trading has also been seen in Telstra Corporation (ASX:TLS), Pilbara Minerals (PLS), AMP (ASX:AMP), South32 (ASX:S32), Qantas Airways (ASX:QAN) and Sydney Airport (ASX:SYD).

At noon, the S&P/ASX 200 is 0.2 per cent or 11.90 points higher at 7237.10.

The SPI futures are pointing to a rise of 17 points.

Best and worst performers

The best-performing sector is Industrials, up 0.9 per cent. The worst-performing sector is Health Care, down 1.4 per cent.

The best-performing stock in the S&P/ASX 200 is ALS (ASX:ALQ), trading 3.1 per cent higher at $12.68. It is followed by shares in Nickel Mines (ASX:NIC) and Corporate Travel Mgmt (ASX:CTD).

The worst-performing stock in the S&P/ASX 200 is TPG Telecom (ASX:TPG), trading 5.8 per cent lower at $6.24. It is followed by shares in (ASX:KGN) and Codan (ASX:CDA).

Commodities and the dollar

Gold is trading at US$1771.78 an ounce.
Iron ore is 3.0 per cent lower at US$98.35 a ton.
Iron ore futures are pointing to a fall of 1.5 per cent.
One Australian dollar is buying 70.80 US cents.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.