S&P/ASX 200 (INDEXASX:XJO) has rallied off its 11am low to be trading near its high for the day which was 6,155.8 or up 0.3% mid-afternoon.
Funds management company Platinum Asset Management Ltd (ASX:PTM) has had another tough day, down 3.8% to $4.57.
Shares have been sliding since co-founder and renowned Australian investor Kerr Neilson sold $150 million worth of shares at $5.00.
Although the sale represented about 10% of the company's shares, Neilson still has a substantial shareholding in the company.
Pre-market: S&P/ASX 200 set to open moderately lower after weak US session
ASX 200 futures are pointing to a moderately weak open after falling bond yields in the US kept recession fears alive.
Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished lower.
The S&P 500 finished down 0.46% to 2,805 overnight in the US on recession fears and the Nasdaq Composite finished 0.63% lower to 7,643.
Weighing down the most on the US indices were Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB).
US Close 28 March 19: US stocks end lower as sellers retain upper hand pic.twitter.com/1nnkfu1IHt
— CommSec (@CommSec) March 27, 2019