The Australia sharemarket opened the day in positive territory. At noon, the ASX/200 is 0.3 per cent or 22.4 points higher at 7391.9. The SPI futures are pointing to a rise of 20 points.
Amongst the sectors, materials are the best performer while the energy, tech and financial sector are also pushing ahead. Meanwhile health care is weighing on the index.
Mining giant BHP (ASX:BHP) is up 0.5 per cent and Fortescue (ASX:FMG) is up 1.3 per cent, slightly bouncing back after thursdays losses. Alumina (ASX:AWC) is trading 7.3 per cent higher and South32 (ASX:S32) is trading 5.7 per cent higher.
Santos (ASX:STO) and Oil Search (ASX:OSH) finalised terms for their $21 billion merger, now trading 1.5 and 3.3 per cent higher. WiseTech (ASX:WTC) is up 2.1 per cent after trading ex-dividend today and TechnologyOne (ASX:TNE) is up 1.8 per cent. Qantas (ASX:QAN) is up 1.9 per cent and Commonwealth (ASX:CBA) is leading the major banks up 0.4 per cent.
NSW recorded 1542 new Covid-19 cases, Victoria recorded 334 new cases and Queensland recorded 0 new cases.
Best and worst performers
The best-performing sector is Materials, up 1.2 per cent. The worst-performing sector is Health Care, down 0.9 per cent.
The best-performing stock in the S&P/ASX 200 is Alumina (ASX:AWC), trading 7.3 per cent higher at $2.20. It is followed by shares in South32 (ASX:S32) and Iluka Resources (ASX:ILU).
The worst-performing stock in the S&P/ASX 200 is Omni Bridgeway (ASX:OBL), trading 6.5 per cent lower at $3.72. It is followed by shares in IRESS (ASX:IRE) and Magellan Financial Group (ASX:MFG).
Mt Malcolm Mines NL (ASX:M2M) listed on the ASX today with issue price of $0.20, opened at $0.29 and now trading at $0.235.
Zoom2u (ASX:Z2U) listed on the ASX today with issue price ofissue price at $0.20, opened at $0.35 and now trading at $0.345.
Commodities and the dollar
Gold is trading at US$1794.67 an ounce.
Iron ore is 1.5 per cent lower at US$130.26 a ton.
Iron ore futures are pointing to a fall of 0.6 per cent.
One Australian dollar is buying 73.67 US cents.
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