At lunch on Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to bounce back from yesterday's decline. At the time of writing the benchmark index is up over 0.6% to 5,855.3 points.
Both the energy and materials sectors are leading the way with strong gains, offsetting a spot of weakness in the healthcare and consumer discretionary sectors.
Here are a few highlights from trade on the ASX 200 so far on Tuesday:
Corporate Travel Management shares in a trading halt.
The Corporate Travel Management Ltd (ASX: CTD) share price won't be on the move on Tuesday after the corporate travel specialist requested another trading halt. The halt was requested so that it can review and respond to a further report issued by VGI Partners. Corporate Travel Management has stated that it believes "that VGI Partners' further report raises no substantive new issues but it is not possible for CTD to fully review the further report or comprehensively respond by the time the market opens today."
Link shares higher on PEXA news.
This morning Link Administration Holdings Ltd (ASX: LNK) provided an update on its Property Exchange Australia Limited (PEXA) trade. According to the release, an offer to acquire PEXA by a consortium comprising Link Group, Commonwealth Bank of Australia (ASX: CBA), and Morgan Stanley Infrastructure has now been accepted by shareholdings representing greater than 50% of PEXA's issued capital.
CIMIC wins $100 million contracts.
This morning engineering company Cimic Group Ltd (ASX: CIM) announced that its mineral processing company, Sedgman, has been awarded contracts with Mach Energy and QCoal. The contracts will see Sedgman operate and maintain the Mount Pleasant and Byerwen coal handling and preparation plants. These contracts have a combined value of $100 million.
Worst and best performers on the ASX 200.
The best performer on the ASX 200 at lunch is infant formula company Bellamy's Australia Ltd (ASX: BAL). Its shares are 4% higher on the back of no news. Going the other way is the Appen Ltd (ASX: APX) share price, which is the worst performer on the index. The shares of the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence are down 3%.
