Midday: Aus shares modestly higher

Market Reports

Aussie shares are almost 0.2 per cent higher at midday, despite mixed leads from Wall St, local stocks have risen modestly led by gains in the banks and the health care sector.

The S&P/ASX200 index is up 10 points at 4,628 and on the futures market, the SPI200 is steady.

To company news: Healthscope Ltd (ASX:HSP) says its shareholders have today voted in favour of a $2.7 billion takeover from private equity firms TPG and The Carlyle Group. 99.5 per cent of shareholders voted in favour of the takeover. The transaction will be considered in the Supreme Court of Victoria this Friday to receive final approval. Shares in Healthscope are 0.32% up at $6.24.

CFS Retail Property Trust (ASX:CFX) has gone into a trading halt, amid media speculation that the shopping centre operator is to purchase Direct Factory Outlet, also known as DFO. The property trust today requested the halt, it says, pending the announcement of a significant transaction. Trading is expected to resume on Friday. Shares in CFS Retail Property Trust last traded at $1.95.

Turning now to market indices: The best performing sector is Health Care, with the index up 129 points to 8,178. Shares in CSL are up 3.31% to $32.76. Shares in Ramsay Health Care and Healthscope are also higher. The worst performing sector at midday is Real Estate Investment Trusts, with the index down 7 points to 879. Shares in Mirvac Group dropped 2.14% to $1.375. Shares in DEXUS Property Group and Stockland are also lower at midday.

To New Zealand now, the NZSX50 is down 7 points. Taking a look at the top 4 stocks by turnover: Telecom of New Zealand is at the top of the list with stock down 1.94% at $2.02 followed by; Fletcher Building, Sky City Entertainment Group and ANZ Banking Group.

To gold and the dollar: Gold is trading at $1288 US an ounce and the Aussie dollar is trading at 95.64 US cents.

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