Healius on the up after takeover offer: ASX is trading 1% lower at noon.

Market Reports

by Rachael Jones

The Australian share market is trading 1 per cent lower at noon. Technology shares are still delicate after Apple's outlook caused global growth concerns. Their shares fell 10 per cent on Wall Street overnight. Shares in healthcare company Healius (ASX:HLS) are up after they received a proposal from Jangho Hong Kong to acquire all their shares. Utilities is the best performing sector of the day - while the worst performing sector is Healthcare. The S&P/ASX 200 index is 57 points down at 5577. On the futures market the SPI is 57 points lower.

Company news

The Vango Mining (ASX:VAN) office and telephone number is set to change on Monday 7 January 2019. The new address is at Barangaroo International Towers in Sydney. Vango Mining is a junior mineral resources company focused on the exploration and development of its 100 per cent owned Plutonic Dome Gold Project in the Midwest region of Western Australia. Shares in Vango Mining (ASX:VAN) last traded at 17 cents.

Best and worst performers

The best-performing sector is Utilities, adding 1 per cent, while the worst performing sector is Healthcare, shedding 2 per cent.

The best performing stock in the S&P/ASX 200 is Saracen Mineral Holdings (ASX:SAR), rising 6.3 per cent to $3.21, followed by shares in Healius (ASX:HLS) and St Barbara (ASX:SBM).

The worst performing stock in the S&P/ASX 200 is Emeco Holdings (ASX:EHL), dropping 6.1 per cent to $1.86, followed by shares in Automotive Holdings Group (ASX:AHG) and Infigen Energy (ASX:IFN).

Commodities and the dollar

Gold is trading at US$1,298 an ounce.
Iron ore futures are pointing to a rise of 2.2 per cent.
One Australian dollar is buying 69.98 US cents.

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