Hi welcome back, I am Sage and you are watching kalkine tv live from Sydney. This is the mid market pulse.
Market trades flat, NIB Holdings shares zoom up 12% . S&P/ASX 200 has opened this weeks trade on a somber note. As at lunch time, the market added just 4.80 points and traded at 7065.50. 8 of 11 sectors traded lower, with Consumer Staple shares coming under heavy selling NIB Holdings shares are up, ~12% on Monday after the company said that the underlying profit for the group in financial year 2021 was expected to be much stronger than the prior corresponding period on account of robust performance in the second half. The underlying operating profit for FY21 was expected to be in between A$200 million and A$225 million. The underlying profit stood at A$86.9 million in the first half.