The Aussie market is slightly weaker so far today, with the local bulls finding little direction from the leads provided by international markets last night.

The XJO is 15 points (-0.3%) underwater, presently trading around 4125.

The losses are fairly widespread, with most sectors underwater; energy, IT and consumer discretionary stocks are the weakest links.

Conversely, defensive healthcare and consumer staples stocks are the strongest performers.

In company news Unilife Corporation has jumped 4.6% after announcing it had signed a seven-year commercial supply contract with a pharmaceutical company for the ready-to-fill (prefilled) syringe.

Elsewhere Samson Oil and Gas has plummeted 32.9% after releasing an operational update which disappointed.

Around the region, Asian markets are mainly weaker; the Hang Seng is down 0.2% whilst the Nikkei is off 0.3%

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Midday Market Analysis: Aussie Underwater is a post from: Australian Stock Report Market Pulse Blog