Market News
Australian share market opens higher after gains overnight on Wall Street but then loses momentum. Gold stocks outperform with Southern Cross Gold (SX2) +7.5%, Ora Banda Mining (OBM) +7.4% and Pantoro Gold (PNR) +6.1%.
S&P/ASX 200 Intraday

Maas Group Holdings (MGH) surges 9.0% after receiving Foreign Investment Review Board (FIRB) approval to sell its construction materials business to pre-mixed concrete supplier Heidelberg Materials Australia.
Abacus Group (ABG) sheds 1.2% after agreeing to sell a 19.6% stake in Storage King Group (SKG) for total gross proceeds of $284.8 million. This equates to an average price of $1.11 per security. SKG drops 1.9% to $1.055.
Forrestania Resources (FRS) sinks 2.8% despite saying that a pre-feasibility study has demonstrated a near-term high grade gold production opportunity at Johnson Range which is located near its Edna May processing hub.
S&P/ASX Sector Indices (% change)

Arafura Rare Earths (ARU) jumps 11.8% after signing an extension of its existing offtake agreement with a company operating in the renewable energy sector which is involved in the design, manufacture, installation and maintenance of wind turbines.
Macmahon Holdings (MAH) surges 8.6% after agreeing to buy Aspect Engineering Solutions for an upfront cash payment of $30 million, a yearly retention payment of $6 million per year for the next five years and earn-out payments of between $15 million and $30 million subject to performance hurdles.
Harvey Norman (HVN) drops 1.7% after being downgraded from equal weight to underweight by Morgan Stanley. Wesfarmers (WES) adds 0.2% after being raised from underweight to equal-weight by the same broker.
S&P/ASX Market Moving Stocks