The ASX200 has been up 0.35% at 8,255 points in afternoon trade.
All four big banks are higher today and Westpac and ANZ are leading the charge, both up 1%.
Utilities are the best performing sector, up 2.7%, followed by Telecommunication and Industrials, up 1.1%.
Health Care is the one and only sector in the red today, down 2%.
Company News
Mineral Resources (ASX:MIN) has been down 4.2% on news companies connected to CEO Chris Ellison’s daughter were asked to repay $158,000. The request followed an investigation into a rent relief arrangement that lasted eleven years.
Mineral Resources closed at $33.82.
Neurizon Therapeutics (ASX:NUZ) has been up 5.2% on preclinical study results for its lead drug candidate in treating amyotrophic lateral sclerosis.
Neurizon Therapeutics has been 20 cents.
Stavely Minerals (ASX:SVY) has been down 7.4% after kicking off diamond drilling at its high-grade Junction Copper-Silver Discovery at its Copper-Gold Project in Western Victoria.
Stavely Minerals has been 2.5 cents.