At lunch on Tuesday the S&P/ASX 200 index has built on yesterday's gain and is up a further 0.1% to 6,671.4 points.
Here's what has been happening on the market today:
Bank shares mixed.
It has been a reasonably mixed day for the big four banks. At lunch the Commonwealth Bank of Australia (ASX: CBA) share price has dropped almost 0.5% lower, but the Westpac Banking Corp (ASX: WBC) share price is leading the way with a gain of 0.25%.
Domino's class action.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price has dropped 1.5% lower on Tuesday after being hit with a class action. According to its website, Phi Finney McDonald is conducting a class action against Domino's for widespread underpayment of delivery drivers and in-store workers employed at franchise stores. Domino's responded by saying that it "takes the proper payment of its team members seriously. Any formal proceedings received will be reviewed and actioned in the ordinary course."
Gold miners charge higher.
Australia's gold miners have charged higher again today after the spot gold price rose to a multi-year high overnight. Saracen Mineral Holdings Limited (ASX: SAR) and St Barbara Ltd (ASX: SBM) shares are the best in the group with gains of 6.5% and 4.5%, respectively. This has helped drive the S&P/ASX All Ords Gold index 1.8% higher at lunch.
Best and worst performers.
Outside the gold miners, the next best performer on the ASX 200 index on Tuesday has been the A2 Milk Company Ltd (ASX: A2M) share price with a gain of almost 3%. The fresh milk and infant formula company's shares have bounced back from a spot of weakness at the end of last week. Going the other way is the Nearmap Ltd (ASX: NEA) share price which has tumbled 6% lower. This appears to have been driven by profit taking after a stellar share price rally in recent weeks.
