The Australian share set a new 10 year high, on the back of reporting reason. Over half of the sectors are higher today with Telcos and Utilities leading.
We are seeing the likes of Ausdrill Limited (ASX:ASL) lead the top 200 after it closed a capital raising taking its shares above its 50 day moving average after it rose 18 per cent.
While Link Resources (ASX:LNK) and Seven West Media (ASX:SWM) are making gains of 7 per cent.
Miners are again in the red, after they have been performing strongly over the past year.
The S&P/ASX 200 index is 8 points or 0.1 per cent higher at 6,336. On the futures market the SPI is 8 points higher.
Online gambling company, Jumbo Interactive (ASX:JIN) reported their profit after tax (attributable to shareholders) rose 115 per cent to $12.1 million (in the financial year ending 30 June 2018), while it also declared a final fully franked dividend of 11 cents. The company says the bolstered results came on the back of its improved software, which boosted customer activity. As a result, its revenue saw an increase of 23 per cent to almost $40 million. It has continued its 9-day share run and at noon Jumbo Interactive (ASX:JIN) shares are trading 13 per cent higher at $5.65.
Billing software, and meter data management company for utility, pay TV and Telcos companies, Hansen Technologies (ASX:HSN) saw its net profit after tax lift 21 per cent in the 2018 financial year, to $28.9 million, while its operating revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose over 30 per cent compared to the same time last year. Shares in Hansen Technologies Limited (ASX:HSN) broke above their 50 day moving average, pushing 3.86 per cent higher at noon at $3.50.
Best and worst performers
The best performing sector is Telco Services adding 1.5 per cent Health Care, shedding 0.6 per cent.
The best performing stock in the S&P/ASX 200 is Ausdrill Limited (ASX:ASL), rising 17.85 per cent to $1.93., followed by shares in Link Administration Holdings Limited (ASX:LNK) and Seven West Media Limited (ASX:SWM).
The worst performing stock in the S&P/ASX 200 is Estia Health Limited (ASX:EHE), dropping 4.3 per cent to $3.00 followed by shares in Platinum Asset Management Limited (ASX:PTM) and Northern Star Resources Ltd (ASX:NST).
Higher at noon: Japan’s Nikkei has added 0.5 per cent, Hong Kong’s Hang Seng has added 0.8 per cent and the Shanghai Composite has gained 0.3 per cent.
Commodities and the dollar
Gold is trading at $US1,176 an ounce.
Overnight commodities largely rebounded on China-US trade talks.
While the iron ore price remained underwater, falling 1.0 per cent to US$66.51
Iron ore futures are pointing to a fall of 0.6 per cent.
One Australian dollar is buying 72.71 US cents.
Some of the most traded cryptocurrencies (ex Tether) are trading mixed. Bitcoin has gained 0.9 per cent to US$6,361, Ethereum has added 3.4 per cent to US$293 and EOS has fallen about 0.5 per cent to US$4.62.