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Aust shares forge higher despite mixed US

The Australian share market is trading broadly higher across most sectors despite a mixed lead from Wall Street.

The benchmark S&P/ASX200 stock index was up 0.7 per cent at 1200PM AEST on Tuesday.

Overnight, Wall Street ended mostly lower with the S&P500 and the Dow Jones index lagging but Nasdaq hitting a record high ahead of a big week of technology earnings reports.

Local investors have shrugged off the mixed results, leading to a bounce back from losses in Monday's session.

The healthcare sector experienced the most significant rise, trading 1.4 per cent higher overall with CSL up two per cent.

US President Donald Trump urged Republican senators to support his repeal of Obamacare in a speech on Monday night ahead of a key vote on Tuesday in Washington.

Elsewhere on the local market\ the big four banks, energy and materials sectors were also in the green.

In company news, shares in Kogan.com had jumped 6.3 per cent to a record $2.18 at noon after the online electronics retailer released an upbeat trading update and better-than-expected cash flow numbers.

Investors also responded well to Super Retail Group announcing it will convert its network of Amart Sports shops into new Rebel stores, as part of streamlining its sports division under a single brand.

The sports, auto and camping goods retailer was trading 3.9 per cent higher to $8.75.

Coca-Cola Amatil - already at a year-low - was down three per cent at $8.30 on news supermarket giant Woolworths will limit the stocks of the drinks maker's Mount Franklin water product on its shelves.

The Australian dollar was trading at 79.12 US cents at 1200 AEST, down slightly from 79.27 US cents on Monday, after the US dollar inched higher ahead of this week's US central bank meeting.

ON THE ASX:

* At 1200 AEST, the benchmark S&P/ASX200 was up 40.4 points, or 0.7 per cent, at 5,728.5 points.

* The broader All Ordinaries index was up 39.5 points, or 0.7 per cent, at 5,777.5 points.

* The September SPI200 futures contract was up 44 points, or 0.8 per cent, at 5,669 points.

* National turnover was 826 million securities traded worth $1.4 billion.

CURRENCY ASK BID PREVIOUS

AUD/USD 0.7912 0.7911 0.7922

AUD/JPY 88.01 87.97 88.01

AUD/EUR 0.6798 0.6795 0.6802

AUD/NZD 1.0659 1.0652 1.0648

AUD/GBP 0.6076 0.6073 0.6079

GOLD:

The spot price of gold in Sydney at 1200 AEST was $US1,253.66 per fine ounce, from $US1,252.21 per fine ounce on Monday.

BOND SNAPSHOT AT 1200 AEST:

* CGS 4.50 per cent April 2020, 1.9056pct, from 1.8955pct

* CGS 4.75pct April 2027, 2.6387pct, from 2.6278pct

Sydney Futures Exchange prices:

* August 2017 10-year bond futures contract at 97.305 (implying a yield of 2.695pct), from 97.32 (2.68pct) on Monday

* August 2017 3-year bond futures contract at 97.99 (2.01pct), from 98.00 (2.00pct).

(*Bond market closes taken at 1630 AEST previous local session)

Austrlaian Associated PressBack to Breaking News

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