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Local shares were flat heading into the lunch break, with the ASX 200 up 0.04 per cent to 7,284.5. The benchmark touched a new record high of 7,315.6 just before 11am, before retreating. The moves follow mixed US sharemarkets overnight, with the S&P 500 and Dow Jones indexes falling, while the Nasdaq closed higher.

Property was leading at midday, up 0.8 per cent, followed by IT, which has gained 0.7 per cent, and industrials, up 0.6 per cent. Materials is the worst performer, trading down 0.3 per cent. Iron ore eased by US$5.50 a tonne or 2.6 per cent to US$202.85 a tonne in the latest session. BHP was 1.0 per cent lower, taking 4.4 points off the wider index.

In company news, carsales.com (CAR) has completed its retail shortfall book build as part of its capital raising to help fund the US$624m (A$797m) acquisition of a 49 per cent stake in Trader Interactive. CAR was up 1.3 per cent.

Aurizon (AZJ) has affirmed its FY21 earnings before interest and tax (EBIT) guidance between $870-$910m as the rail freight operator holds an investor day. AZJ was flat.

National Storage (NSR) is in a trading halt as it looks to raise $325m through an entitlement offer with funds to repay debt and strengthen its balance sheet. NSR also upgraded FY21 underlying earnings guidance with earnings per share of 8.5 to 8.6 cents per security.

Ansell (ANN) has appointed Neil Salmon managing director and CEO effective 1 September 2021, replacing Magnu Nicolin who is set to retire. Salmon joined Ansell in 2013 as CFO and was appointed President of its Industrial global business unit in 2019. ANN was 0.5 per cent lower.

In economic news, CBA household card spending over the fortnight ending 4 June 2021 is 14.5 per cent above 2019 levels, almost the slowest growth rate seen in 2021. The data captures the last five day lockdown in Victoria. The ANZ-Roy Morgan consumer sentiment index fell by just 0.6 per cent last week.

The AUD buys 77.5 U.S. cents. So far today, 1.9b units were traded worth $1.8b with 733 stocks higher, 503 lower and 400 unchanged.

Published by CommSec