Linius Technologies displays new blockchain tech: Aus shares 0.9% higher at noon

Market Reports

by Katrina Bullock

The Australian share market opened higher this morning following strong leads from Wall Street where US equities reached a five-month high. The S&P/ASX 200 continues to rally into the middle of the session with every sector making ground this morning. Healthcare led the charge thanks to very strong performances from Sienna Cancer Diagnostics (ASX:SDX) and Imugene (ASX:IMU).

The S&P/ASX 200 index is 53 points higher or 0.9 per cent higher at 6,220. On the futures market the SPI is 54 points higher.

Company news

Video-tech company Linius Technologies (ASX:LNU) has successfully demonstrated its world-first virtual video blockchain prototype in a live webinar.

The webinar showcased how Linius’ unique video virtualisation technology enables video to be embedded within a blockchain.

The Linius Video Blockchain is cryptocurrency agnostic and will ultimately accept traditional payment methodologies such as credit cards and paypal.

Shares in Linius Technologies (ASX: LNU) are trading 2.2 per cent lower to 4.4 cents at noon.

Best and worst performers

The best-performing sector this morning is Healthcare, adding 2.3 per cent, while Materials gained the least, at 0.3 per cent.

The best performing stock in the S&P/ASX 200 is Pact Group Holdings (ASX:PGH) rising 4.9 per cent to $2.69, followed by shares in Eclipx Group (ASX:ECX) and Bellamy's Australia (ASX:BAL).

The worst performing stock in the S&P/ASX 200 is St Barbara (ASX:SBM),dropping 31 per cent to $3.21 following the completion of their feasibility study for their Gwalia Mass Extraction project. St Barbara was followed by shares in Saracen Mineral Holdings (ASX:SAR) and Northern Star Resources (ASX:NST).

Commodities and the dollar

Gold is trading at US$1,308 an ounce.
Iron ore price rose 0.2 per cent to US$84.49.
Iron ore futures are pointing to a rise of 0.5 per cent.
One Australian dollar is buying 71 US cents.