The Aussie market is flat at lunchtime, holding around 4250.
Telco, materials, and healthcare plays are the strongest performers, whilst industrials, IT and consumer discretionary stocks are the hardest hit.
In company news, Platinum Australia is down 23% after being reinstated following a capital raising.
On the other end of the spectrum, James Hardie (JHX) is up more than 5% in solid 2Q results.
Elsewhere, shares in Nathan Tinkler's mining company Aston Resources were down as much as 11% at one stage following a shakeup of the board.
Around the region, Asian markets are all weaker; the Hang Seng is down 1.4% whilst the Nikkei is down 0.3%.
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Midday Market Analysis: Flat on the Day is a post from: Australian Stock Report Market Pulse Blog