Australian Stock Market Report – Midday 11/12/2012

By Steven Daghlian, CommSec Market Analyst,

Shutterstock photo

(12.30pm AEDT)

The Australian sharemarket kicked off the new trading week in the red, with the All Ordinaries Index (XAO) down by as much as 0.3 per cent within the first half an hour of trade. From 11.30am (AEDT) onwards however; the XAO has managed to stage a recovery and is now largely flat. The local market has lost ground for three straight weeks.

The energy, mining and industrial sectors are all trading in the red. BHP Billiton ( BHP ) is easing by 0.32 per cent or 11 cents to $34.34 while the smaller Rio Tinto ( RIO ) is up 0.09 per cent or 5 cents to $58.74.

Read More on International Business Times

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

This article appears in: Investing Commodities
Referenced Stocks: BHP , RIO

More from International Business Times


International Business Times

International Business Times

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by