ASX down 0.4% at noon as Materials get hit – ShareCafe

26 days ago ShareCafe

by Peter MiliosMaterials is down 1.79 per cent at noon, as heavy hitters, BHP (ASX:BHP), Rio Tinto (ASX: RIO) and South32 (ASX:S32) suffer losses to start the day of trade. The SPI futures are pointing to a fall of 16 pointsBest and worst performersThe best-performing sector is Utilities, up 0.89 per cent. The best-performing large cap is Qube Holdings (ASX:QUB), trading 8.03 per cent higher at $3.23. Some said that the risks to their inflation outlook had become more balanced, though participants agreed that the risks to the outlook for economic activity were weighted to the downside. In response, CEO Matt Aiken stated, ““The first half result was ahead of expectations, underpinned by a strong performance across the Group.” Shares are trading 3.9 per cent higher at $2.68 at noon.
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