This is The Mid Market Pulse on Kalkine Live TV. Lets get started with the mid market commentary for today and see how ASX 200 traded by lunchtime.
• Mid-Market: ASX 200 trades high ahead of RBA policy statement, financial shares in red
• The Australian share market continued to trade on a positive note on Tuesday afternoon, owing to favourable global cues, with the benchmark index ASX 200 adding 20.40 points or 0.29% to trade at 7049.20. 7 of 11 sectors were trading in green, while Material was the best performing sector. ASX 200 opened higher amid expectations that the Reserve Bank of Australia (RBA) would hold its cash rate at a record low despite a solid economic recovery and a housing boom.
• The top performers on ASX200 are Silver Lake Resources Limited, Ramelius Resources Limited, Northern Star Resources Limited, Worley Limited and Resolute Mining Limited.
• Some of the worst performing shares are Megaport Limited, Domain Holdings Australia Ltd, ZIP Co Limited, Altium Limited and NRW Holdings Limited. The shares of Odyssey Gold Ltd rallied over 100% to A$0.155, hitting their highest since 22 October 2012, after the gold explorer stated drilling at the Bottle Dump deposit at its Tuckanarra gold project in Western Australia has revealed significant visible gold.