Out of puff: Aus shares 0.4% lower at noon
04 May 2018 – Market at Midday: Utilites and financials lead the fall while miners also drag after iron ore price and its futures fall. NAB (ASX:NAB) down the most out of big four, after analysts digest yesterday’s disappointing revenue results. Nanosonics (ASX:NAN) received health Canada clearance for the latest generation of its disinfection device. Spark (ASX:SPK) inked a deal to sell 50 per cent of its subsidiary Connect 8 onto electricity distribution company, Electra Group. Kidman Resources (ASX:KDR) announced its 50:50 JV with SQM entered an exclusive option with Western Australian Land Authority to lease a premier refinery site in the Kwinana strategic industrial area of WA.
Source: Finance News Network