Most sectors are in the green, despite the minimal point gain for the index. Property and telcos are the best performers collectively, whilst IT and utilities are the weakest links.
In company news, Discovery Metals is up 5.8% after Shanghai-based Cathay Fortune and partner China-Africa Development Fund said they would take the cash offer of $1.70 a share directly to the company’s shareholders.
Elsewhere, OZ Minerals has advanced 2.7% after announcing a 2.4% fall in third quarter production, but maintaining its full year guidance. Around the region, the Nikkei is up 0.2%.