Australian News Today

Reserve Bank of NZ cuts interest rates as ASIC sues ASX for alleged misleading statements — as it happened

Reserve Bank of NZ cuts interest rates as ASIC sues ASX for alleged misleading statements — as it happened

The ASX 200 is higher as we head into the final hours of trade this afternoon, up 0.6% to 7,874 points as of 1:05pm AEST.

All but two sectors are trading higher, with basic materials and energy both down 0.3%.

Industrials is leading the charge for the sectors (+1.9%) followed by technology (+1.7%) and real estate (+1.5%).

As for individual stocks, strong financial results from Seven Group Holdings (which counts WesTrac and Boral among its subsidiaries), Pro Medicus and gold miner Evolution Mining are powering the ASX 200.

Here’s the top five performers so far:

  • Seven Group Holdings +9%
  • Pro Medicus +7.5%
  • Evolution Mining +7.2%
  • Orora +6.4%
  • Amotiv +5.6%

As for the worst performers, the local market’s operator has suffered the biggest drop so far, after ASIC (the corporate regulator) announced it was suing the ASX for alleged ‘deceptive’ conduct.

Here’s the bottom five performers so far:

  • ASX -3.3%
  • Lifestyle Communities -2.1%
  • Champion Iron -2%
  • Fortescue -1.7%
  • Stanmore Resources -1.7%