All sectors in the green as market soars: ASX 1.8% higher at noon

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The Australian share market saw a healthy rise at the open and continues to do well towards lunchtime trading with the S&P/ASX 200 index is 121 points up or 1.8 per cent higher at 6,832. On the futures market the SPI is 135 points higher.
Broker moves
Macquarie rates Magellan Financial Group (ASX:MFG) as a Downgrade to a Neutral from an Outperform. Their February update shows net inflows were almost $0.7 billion in December but were aided by the $726 million partnership offer. Macquarie notes the flows decreased more than anticipated and expects more outflows for most of 2021. Target price is $44.50 from $52. Shares in Magellan Financial Group (ASX:MFG) are 0.9 per cent higher at $43.38.

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