The XJO is currently 10 points above water, holding around 4280.
Most sectors are stronger, with consumer discretionary and consumer staples stocks the best performers, whilst energy and financial plays are the hardest hit.
In company news, Platinum Australia has surged as much as 20% after releasing its latest quarterly activities report, whilst Gunns is 30% stronger after agreeing to debt refinancing terms.
Elsewhere, Woolworths has announced plans to sell its struggling Dick Smith consumer electronics division, saying that it was considering several unsolicited offers.
Around the region, Asian markets are mixed; the Hang Seng (+0.7%) and Nikkei (+0.2%) are stronger, whilst the Shanghai Composite (-0.3%) is weaker.