The Aussie market is slightly weaker so far today, with the local bulls finding little direction from the leads provided by international markets last night.
The XJO is 15 points (-0.3%) underwater, presently trading around 4125.
The losses are fairly widespread, with most sectors underwater; energy, IT and consumer discretionary stocks are the weakest links.
Conversely, defensive healthcare and consumer staples stocks are the strongest performers.
In company news Unilife Corporation has jumped 4.6% after announcing it had signed a seven-year commercial supply contract with a pharmaceutical company for the ready-to-fill (prefilled) syringe.
Elsewhere Samson Oil and Gas has plummeted 32.9% after releasing an operational update which disappointed.
Around the region, Asian markets are mainly weaker; the Hang Seng is down 0.2% whilst the Nikkei is off 0.3%
Written by: marketpulse Other posts from: marketpulse
Posted in Market Analysis, Midday
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