The ASX200 has been down a third of a percent (0.32%) at 8,154 points.
Consumer Staples continue to be the worst performing sector, down 1.7%, with well-known plays Woolworths (ASX:WOW), Bega Cheese (ASX:BGA), and Elders (ASX:ELD) all dragging the local bourse lower. Utilities has been 1.2% softer, followed by Industrials, down 1%.
IT has been the best performer, up 0.4%, followed by Discretionary, up 0.24%, and Real Estate, up 0.15%.
Company News
Imugene (ASX:IMU) has been down 4.3% on its quarterlies. The company reported cash or cash equivalents of $54.3 million, down from $93.1 million in the June quarter.
Imugene has been 4.5 cents.
Mineral Resources (ASX:MIN) has been up 11.3% on release of its quarterlies. The company has agreed to sell its two oil and gas exploration permits in the Perth Basin to Gina Rinehart’s Hancock Prospecting. Hancock will pay Mineral Resources up to $1.1 billion for the permits.
Mineral Resources has been $40.15.
Coles (ASX:COL) has been down 1.1% after releasing its quarterlies before market open. The company delivered a 2.9% increase in total sales to $10.54 billion for the three months ended 29 September. However, the result did not enthuse investors.
Coles has been $17.50.