The ASX 200 has eased back to a 0.2% gain (at 11:00am AEDT), dragged down by banks and the big miners.
However, most sectors have made solid gains led by technology and healthcare stocks.
ASX 200 by sector (LSEG, ASX)
After a strong performance last week, there’s been a bit of profit taking among the banks although CBA (+0.2%) is still in demand.
ANZ (-2.6%) is the weakest performer among its peers, while Bendigo Bank is down 1.4% after posting slightly disappointing results.
ASX banks (LSEG, ASX)
The bigger, diversified miners are generally lower after key commodity prices fell on Friday. Rio Tinto is down 2.1%.
Copper play Capstone is an exception, gaining 1%.
ASX major miners (LSEG, ASX)
Among the rock kickers, gold miners are the standout, all benefiting from the spot price jumping back above $US 5,000/ounce.
ASX major gold miners (LSEG, ASX)
Retailers are in demand.
Coles (+0.3%) and Woolworths (+0.5%) haven’t been set back by the start of the Federal Court case launched by the ACCC this morning.
JB HiFi is up almost 5% on well received interim results this morning.
ASX retailers (LSEG, ASX)
Having been battered in recent times, tech stocks have returned to favour this morning with logistics software provider Wisetech up 8%.
ASX tech stocks (LSEG, ASX)
Real estate investment trusts are doing well on the back of higher profitability being driven by some substantial increases in property valuations.
GPT and Stockland are both up 0.4% after posting first half results.
ASX REITs (LSEG, ASX)
But the sector leading the way is healthcare which is up around 2% across the board.
Clarity Pharmaceuticals is up more than 13% on releasing promising results with its prostate cancer therapy.
ASX healthcare stocks (LSEG, ASX)
The top move on the ASX 200 ship builder Austral (+15%).
ASX 200 top movers (LSEG, ASX)
The bottom movers include Nick Scali (-5.5%) still falling after last week’s disappoint results and iron ore pure play Fortescue 9-3.7%)
ASX 200 bottom movers (LSEG, ASX)