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The ASX200 is up 0.15% of a percent to 7,998 points. The market is on track to bag its eighth consecutive session on the back of Wall Street gains.
The RBA Board meeting minutes were released at lunchtime today. The RBA has indicated it will nimbly change its position depending on economic conditions. This means the chances of a rate hike or cut decision before Christmas will be data driven.
The Utilities sector is leading the market higher, up 1%, followed closely by IT 0.75% and Materials 0.6%. Real Estate is the worst performing sector, down 0.75%.
Company News
Gold miner West African Resources Ltd (ASX:WAF) has been up 1.9% after revealing a thick intercept of gold grading more than 7 grams per tonne from infill diamond drilling. The drilling at its M1 South Deeps resource in Burkina Faso showed high-grade continuous mineralisation.
West African Resources has been trading at $1.47.
Koba Resources (ASX:KOB) has spiked 16% after flagging results of its latest uranium-containing rock-chip-hunting campaign. One sample grade is over 7%, or, more than 70,000 parts per million.
Koba Resources has been swapping hands at 14.5 cents.
Inoviq (ASX:IIQ) has been up more than 8% after announcing it can now test blood for Parkinson’s Disease. The company’s software-based platform, ‘NEURO-NET,’ can use blood sample data to identify patients with target conditions including Alzheimer’s and Parkinsons Disease.
Inoviq has entered afternoon trade at around 60 cents.
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