The Aussie market is little changed so far today, after a mixed lead from international markets overnight. The XJO is presently up nine points (+0.2%), at 4515. Most sectors are stronger, with property, healthcare and telcos the best performers.
Conversely, materials, energy, and utilities are among the laggards. In company news, ANZ is down 0.7% despite reporting an FY12 cash profit of $6.01 billion, up 6.4% from the FY11 results.
Elsewhere, Wesfarmers has climbed 0.6% after announcing an increase in 1Q13 sales, with Coles posting a 4.9% rise on the previous corresponding quarter.
Around the region, Asian markets are stronger; the Hang Seng is up 0.2% whilst the Nikkei has risen 0.5%.
Midday Market Analysis: Aussie Flat Today is a post from: Australian Stock Report Market Pulse Blog