The ASX200 has been up 0.5% at 8,430 points.
The local bourse has bounced back and broken a multi-day losing streak. The Aussie dollar has climbed back to US$0.62 after collapsing below 61 cents on Monday.
IT was the best performing sector, 1.6%, followed by Materials, up 0.8%, and Financials, up 0.6%. Utilities was the worst performer, followed by Real Estate, Energy, and Telecommunication – all down 0.2%.
Fortescue (ASX:FMG) has been up 1.4% on news it now holds a majority 66% stake in Red Hawk Mining (ASX:RHK). The offer is to purchase up to 100% of Red Hawk’s shares.
Fortescue has been $18.55 and Red Hawk has been $1.19.
Pro Medicus (ASX:PME) has been up 4.3% after its Visage Imaging business inked a seven-year contract with BayCare, the leading health care system in the Tampa Bay and central Florida regions of the U.S.
Pro Medicus has been $281.59.
Predictive Discovery (ASX: PDI) has been up 8.5% after Canada’s high-profile Lundin family and China’s Zijin Mining Group invested $69.2 million into its flagship Bankan gold project in West Africa.
Predictive Discovery has been 29 cents.
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