The Australian Share Market has been in negative territory this morning, starting the week off in the red. The dip has contradicted the S&P 500’s new record recorded on Friday.
Consumer Staples and Health Care did the heavy lifting in the morning session as Woolworths (ASX:WOW)
edged 2.64 per cent higher. Sonic Health Care (ASX:SHL)
also gained 1.66 per cent.
Information Technology and REITs were among the worst-performing sectors.
On the banking front, all four banks have been in negative territory this morning. ANZ (ASX:ANZ)
are down by 0.74 per cent. The news isn’t brighter for its peers. Westpac (ASX:WBC)
are trading 0.73 per cent lower. National Australia bank (ASX:NAB)
lost 0.61 per cent. The Commonwealth (ASX:CBA)
is down 0.43 per cent.
has also dropped 6.63 per cent. New South Wales recorded 18 new Covid-19 cases this morning as the outbreak reaches 130 infections.
At noon, the S&P/ASX 200 was 0.11 per cent or 8.30 points lower at 7299.70 points. The SPI futures are pointing to a fall of 6 points.Best and worst performers
The best-performing sector is Consumer Staples, up 1.51 per cent. The worst-performing sector is Information Technology, down 3.05 per cent.
The best-performing stock in the S&P/ASX 200 is Redbubble (ASX:RBL)
, trading 6.71 per cent higher at $3.66. It is followed by shares in Endeavour (ASX:EDV)
and Woolworths Group (ASX:WOW)
The worst-performing stock in the S&P/ASX 200 is Gold Road Resources (ASX:GOR)
, trading 7.22 per cent lower at $1.32. It is followed by shares in Afterpay (ASX:APT)
and Zip Co (ASX:Z1P)
.Commodities and the dollar
Gold is trading at US$1773.57 an ounce.
One Australian dollar is buying 75.83 US cents.
Iron ore is 1.40 per cent higher at US$216.45 a ton.
Iron ore futures are flat.