What's Happening in Local Markets?

Financials and tech companies were the best performers, while the healthcare index was the worst of the 11 sub indices. Telstra said it will cut nearly 500 jobs so it can compete harder with software rivals for business customers. New East share price jumped 37%. Paylater Group Zikko recorded a big jump in revenue and transactions,. The Aussie dollar is buying 68.2 US cents or thereabouts. There's a bit of corporate news around. So far, the market has held up pretty well.