Australian shares dipped in and out of positive territory this morning after an initial burst of buying enthusiasm faded.
At 1 pm, the ASX 200 was up 8 points or 0.2% at 3908 after swinging between an early high of 3931 and a mid-morning low of 3897. The market was buoyed by gains in the health, gold, materials and metals & mining sectors.
Asian markets recovered from early losses. The Nikkei was up 0.1% and the Hang Seng 2%. Dow futures were recently +3. Gold has been trading sideways for the last week and remained range-bound at $933.60. Oil was marginally higher at $69.62.
Not an easy day to trade, with the market sliding for most of the morning. Small profits taken here from trades in SGM and WHN. Also added NKP - looks a point or two overdone - and less convincingly, MDT.
