Australian shares have fallen across almost right across the board as investors react to local profit results in the absence of strong offshore leads.
The benchmark S&P/ASX200 index was down 13.1 points, or 0.18 per cent, at 7,112 at noon AEDT on Tuesday.
The broader All Ordinaries index dropped 15.2 points, or 0.21 per cent, to 7,206, with most indices in the red.
Tech stocks weighed heaviest on the market after Altium warned of a coronavirus hit, sending its shares down more than 13 per cent to $36.96.
Consumer staples were marginally higher as Bubs Aust shot up 12.5 per cent to 78.75 cents on a new supply deal with Woolies, and Woolworths rose 19 cents to $43.46.
Coles dropped 6.5 cents to $16.845 after a $20 million hit from underpayments to staff at supermarkets and liquor stores.
The big banks were mixed, with Bendigo and Adelaide falling 55 cents, or 5.25 per cent, to $10.015 after completing its $250 million institutional placement at $9.34 a share.
Seven West Media’s big loss after significant items sent the stock down 14.42 per cent to $22.25.
Gloves maker Ansell dropped more than 4.2 per cent to $30.98 after posting a profit.
The Australian dollar was buying 67.10 US cents at 1030 AEDT, down from 67.29 US cents as the market closed on Monday.
AAP
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