ASX down 0.06% near noon: Aus job ads decline

Market Reports

by Peter Milios

Australian job advertisements, as measured by ANZ-Indeed, decreased by 2.1% in May, following a peak decline of 23.9% from November 2022, yet remaining over 20% higher than pre-pandemic levels.

At 11:30am, the S&P/ASX 200 is 0.06 per cent lower at 7,719.70.

The SPI futures are pointing to a fall of 10 points.

Best and worst performers

The best-performing sector is Communication Services, up 0.46 per cent. The worst-performing sector is Energy, down 0.84 per cent.

The best-performing large cap is Telix Pharmaceuticals (ASX:TLX), trading 3.13 per cent higher at $17.13. It is followed by shares in ASX (ASX:ASX) and Medibank Private (ASX:MPL).

The worst-performing large cap is The a2 Milk Company (ASX:A2M), trading 3.15 per cent lower at $6.77. It is followed by shares in GQG Partners (ASX:GQG) and Pilbara Minerals (ASX:PLS).

Commodities and the dollar

Gold is trading at US$2342.60 an ounce.

Iron ore is 1.0 per cent higher at US$107.65 a tonne.

Iron ore futures are pointing to a 1.1 per cent fall.

One Australian dollar is buying 66.04 US cents.

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?