ASX flat, miners gain. Paladin crashes on Namibia risk, shares halted. Consumer confidence lowest since 1990: ANZ-Roy Morgan. Building approvals sink. US futures higher.
The Australian sharemarket fell 0.1 per cent, or 6.4 points to 7211 at market open, weighed down by losses in the real estate sector.
Real stocks were in the red, dragged lowed by losses in the sector’s large cap companies. Goodman Group shares shed 0.7 per cent. Scentre lost 0.7 per cent. Charter Hall dropped 1.3 per cent.Silver Lake Resources shares rose 2.4 per cent . Regis Resources added 1.5 per cent. Gold Road Resources increased 1.4 per cent. Bellevue Gold rose 1.2 per cent.
Other miners were also in the green. BHP Group added 0.6 per cent. Rio Tinto rose 0.8 per cent. Mineral Resources firmed 1.1 per cent. Fortescue Metals was up 0.2 per cent.Retail giant Wesfarmers shares edged up 0.5 per cent after its chief executive Rob Scott reassured investors that the group was well positioned in the tougher consumer environment in an address at the company’s strategy day.
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