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The ASX200 has been up one fifth of a percent (0.2%) at 8,273 points in afternoon trade.
Canada’s Prime Minister Justin Trudeau has resigned and the country’s main stock index fell on Monday; the Loonie notched a near three-week high. Both moves come as investors weigh the uncertain timing of a potential shift in Canadian political power.
Back home, IT has been the best performing sector, up 1.15%, followed by Telecommunication, up 0.85%, and Discretionary, up 0.75%.
Utilities has been the biggest loser, down 1.35%, followed by Materials, down 0.25%, and Staples, down 0.2%.
Company News
Dimerix (ASX:DXB) has been up nearly 30% on news of a partnership with FUSO Pharmaceutical Industries, granting FUSO exclusive rights to develop, register, and commercialise Dimerix’s Phase 3 drug candidate in Japan.
Dimerix has been 46 cents.
St George Mining (ASX:SGX) has been up 0.47% after locking in $20M of funding for the acquisition of advanced high-grade Araxá Niobium-REE Project in Brazil, the world’s leading niobium address.
St George has been $47.30.
Nine Entertainment (ASX:NEC) has been up 4.8% and is on track to chalk its best day since November. The jump comes after reports activist investor John Wylie’s Tanarra Capital has taken an interest in Nine.
Nine Entertainment has been $1.32.
