The Aussie market is slightly weaker so far today, currently 20 points (-0.4%) weaker at 4270.

The sectors are fairly evenly balanced between winners and losers, with utilities, telcos, financials the best performers whilst materials and energy plays the weakest.

In company news, Myer has announced a net profit of $88.1 million for the six-months ending January 28, a 17.5% decrease on the previous corresponding period.

Prima Biomed is up 4.8% after it announced that it has received a manufacturing license from the Therapeutic Goods Administration (TGA) to produce the CVac™ immunotherapy ovarian cancer vaccine in Australia.

Around the region, Asian markets are mixed; the Nikkei is up 0.6% whilst the Hang Seng is down 0.1%.

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Midday Market Commentary: Weak Start is a post from: Australian Stock Report Market Pulse Blog