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Afternoon Market Report
(17:30)

The Australian stock market traded through a narrow 15 point range on Thursday to end the session flat, although it remained within sight of 16 month highs.

The ASX200 fell by a point to end the day at 4582. The All Ordinaries Index rose by the same amount to end trade at 4592.

In economic news car sale figures for November were released. New car sales were unchanged in seasonally adjusted terms in November, after falling 2.5 per cent in October. Passenger car sales rose by 2.8 per cent, while vehicles such as trucks and utes rose by 0.5%, although sales of sports utility vehicles fell by 5.4 per cent. In rolling annual terms, a record 1,099,064 new vehicles were sold over the year to November. Sales of passenger cars have totalled 572,001, short of the high of 637,473 set in the year to February 2008. Sales of SUVs hit a record 302,644 in the year to November while sales of other vehicles hit 224,419 over the past year, short of the record high of 226,305 set in the year to July 2008

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