Australian Stock Market Report – Afternoon 7/13/2012

By International Business Times,  July 13, 2012, 04:34:20 AM EDT

MARKET CLOSE
(4.30pm AEST)

There was nothing frightening about Friday 13th, with sharemarkets improving for the first time in seven trading days thanks to economic news out of China not surprising investors. The All Ordinaries Index (XAO) rose by 0.3 pct or 12.3 pts to 4118.3. The XAO is one of the main ways to measure market performance in Australia. Despite today's gains, shares locally have slumped by 1.7 pct over the past five days, are only a touch weaker so far in July and are flat in the 2012 calendar year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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