The Aussie market is enjoying modest gains so far today despite soft leads provided by international markets overnight. The XJO is presently up 10 points (+0.3%) a 4405.

All but one sector is the green with IT, healthcare, and utilities the strongest performers. Energy stocks are the laggards. In company news, Karoon Gas has surged 7.9% after announcing it has sold its 35% of four oil and natural gas exploration blocks offshore Brazil for US$40 million.

Elsewhere, Macmahon Holdings has plummeted 37.7% after slashing its FY13 profit guidance to between $20 million and $40 million. Around the region, Asian markets are mixed; the Hang Seng is up 0.3%, whilst the Shanghai Composite is down 0.2%.

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