The Australian share market dipped at the open, but later recovered, tracking 0.9 per cent or 6.5 points higher at 7392.9. The SPI futures are pointing to a rise of 5 points.
Information Technology and Health Care helped limit losses, despite Energy and banks weighing on the index.
Buy now, pay later providers Afterpay and Zip Co made gains. Afterpay (ASX:APT)
is trading 3.2 per cent higher followed by Zip Co (ASX:Z1P)
up 3 per cent. Accounting software Zero (ASX:XRO)
is also up 2.5 per cent.
Health Care giants CSL (ASX:CSL)
and Sonic Healthcare (ASX:SHL)
are trading 1.4 per cent higher followed by Fisher and Paykel Healthcare (ASX:PKL)
up 2 per cent.
is trading flat at $0.46 following its news of securing a 10-year lease for a Victorian distribution centre.
Miners trimmed their losses along with the best-performing stock Evolution Mining (ASX:EVN)
, trading 5.8 per cent higher following the completion of a $400 million institutional placement.
Energy supplier Santos (ASX:STO)
is down 1.9 per cent, Oil Search (ASX:OSH)
is down 1.5 per cent and Woodside Petroleum (ASX:WPL)
is down 0.3 per cent.
Onto banks, Commonwealth (ASX:CBA)
and Westpac (ASX:WBC)
are both down 0.7 per cent, ANZ (ASX:ANZ)
down 1.4 and NAB (ASX:NAB)
down 0.5 per cent.
NSW recorded 136 new Covid-19 cases as the delta outbreak worsens. Victoria recorded 14 new cases.Company News
has announced that the National energy regulator of South Africa has approved a long-term energy supply agreement between its Hillside Aluminium smelter and Eskom Holdings, a South African electrical company.
Pendal Group (ASX: PDL) has announced the completion of its acquisition of the US-based investment management company Thompson, Siegel & Walmsley (TWS).
Gambling and entertainment company The Star Entertainment Group (ASX:SGR)
has informed Crown Resorts (ASX:CWN)
that it has withdrawn its bid to merge the two businesses after an incident at Victoria's Royal Commission.
Australian gold mining company Evolution Mining (ASX:EVN)
has announced that it has successfully completed a $400 million institutional placement of approximately 104 million new fully paid ordinary Evolution shares to institutional investors at $3.85 per share.Best and worst performers
The best-performing sector is Information Technology, up 1.7 per cent. The worst-performing sector is Energy, down 0.7 per cent.
The best-performing stock in the S&P/ASX 200 is Evolution Mining (ASX:EVN)
, trading 5.8 per cent higher at $4.30. It is followed by shares in Nickel Mines (ASX:NIC)
and Nuix (ASX:NXL)
The worst-performing stock in the S&P/ASX 200 is Silver Lake Resources (ASX:SLR)
, trading 10.8 per cent lower at $1.57. It is followed by shares in Northern Star Resources (ASX:NST)
and Crown Resorts (ASX:CWN)
.Commodities and the dollar
Gold is trading at US$1804.15 an ounce.
Iron ore is 5.7 per cent lower at US$202.63 a ton.
Iron ore futures are pointing to a fall of 2.1 per cent.
One Australian dollar is buying 73.85 US cents.