The Australian market has received positive leads from offshore trade overnight, with US markets higher, although oil fell slightly.
But the technical problems that hit the ASX late yesterday could be foremost in traders’ minds, with investors waiting on an announcement from the ASX about whether the problems had been fixed.
Shortly after the opening bell, the S&P/ASX200 Index rose 15.7 points, or 0.33 per cent, to 4846.2 while the broader All Ordinaries Index was up 16.3 points, also 0.33 per cent, to 4938.9.
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Sector by sector, information technology rose 0.92 per cent, materials were up 0.67 per cent and financials rose 0.28 per cent. Only health was down, falling 0.44 per cent.
This morning the exchange said the technical problem, which was software-related and prevented all but futures trades from registering correctly, remained unresolved but trade would resume at 10am eastern daylight time.
On the ASX 24 this morning, the March share price index futures contract was 20 points higher at 4846. Yesterday, the major local indices closed flat.
[Source: smh.com.au]
