The ASX surrendered early gains this morning as losses in the mining and materials sectors outweighed gains in health care and property trusts.
At lunchtime, the ASX 200 was down 11 points or 0.3% at 3960. CSL surged on news of a stock buyback and the abandonment of plans to take over a US rival. The news helped lift the health sector by 3.6%. Property trusts were up 1.3%.
Asian markets were lower. The Nikkei lost 0.17% and the Hang Seng 1.1%. Dow futures were recently -11. Gold drifted sideways in morning trade, recently hitting $949.70. Oil lost a few cents to recently trade at $68.54.
A good, busy start to the week here once I'd worked out what day it was. Profitable trades in IAG, COH, PAN and ILU (latter 2 bounce trades) and more recently AWE and DUE. Also opened recent positions in AVO, FLX and MLE, looking for a few points of recovery from each before the close.
