The big miners were driving gains this morning while Westpac dropped into the red.
The S&P/ASX 200 index is 13 points up at 5,388. On the futures market the SPI is 4 points higher.
Company news
As part of its much discussed demerger BHP Billiton Limited (ASX:BHP) is considering listing its new company in London.
Regenerative medicine company Regeneus Limited (ASX:RGS) has received $3.7 million from the Australian Government’s R&D Tax Incentive Program.
Best and worst performers
The best performing sector is materials, gaining 0.6 per cent to 9,550. Shares in Sirius Resources (ASX:SIR) have risen 5.14 per cent and trading at $3.27. Shares in Nufarm Limited (ASX:NUF) and Western Areas Limited (ASX:WSA) are also stronger.
The worst performing sector is consumer staples, falling 0.2 per cent to 9,801. Shares in Asaleo Care Limited (ASX:AHY) have fallen 1.13 per cent, trading at $1.96. Shares in Treasury Wine Estates Limited (ASX:TWE) and Metcash Limited (ASX:MTS) are also lower.
