The Aussie market is slightly stronger so far today, following the mixed leads from international markets overnight. The XJO is presently 11 points (+0.2%) ahead, holding around 4552.

Most sectors are in the green, despite the minimal point gain for the index. Property and telcos are the best performers collectively, whilst IT and utilities are the weakest links.

In company news, Discovery Metals is up 5.8% after Shanghai-based Cathay Fortune and partner China-Africa Development Fund said they would take the cash offer of $1.70 a share directly to the company’s shareholders.

Elsewhere, OZ Minerals has advanced 2.7% after announcing a 2.4% fall in third quarter production, but maintaining its full year guidance. Around the region, the Nikkei is up 0.2%.

Midday Market Analysis: Aussie Stronger So Far is a post from: Australian Stock Report Market Pulse Blog