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 performersThe 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 Kogan.com
(ASX:KGN) and Codan
(ASX:CDA).
Commodities and the dollarGold 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.