Most sectors are stronger at lunch, with telcos and healthcare leading the charge. Conversely, IT and property stocks are the laggards.
In company news, Telstra is up 0.7% after announcing that the sale of its wholly owned New Zealand subsidiary, TelstraClear, to Vodafone New Zealand, will push thru after the transaction is approved by regulators.
Elsewhere, Regis Resources has climbed 1.2% after releasing a quarterly report which showed an increase in production and lower cash costs. Around the region markets are stronger; the Nikkei is up 0.3%, whilst the Hang Seng has risen 0.1%.