Australian Stock Market Report – Midday 1/25/2013

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MID-SESSION REPORT
(12pm AEDT)

The local sharemarket is higher for the eighth straight session, with the All Ordinaries Index (XAO) up 0.4 per cent or 17.8 pts to 4851.6. Global markets rose overnight, with the Dow gaining for the fifth day while European equities aren't far off two year highs.

The mining sector is holding the market back, with BHP Billiton ( BHP ) down 0.3 per cent or 11 cents to $37.05. Gold producer, Newcrest Mining (NCM) is slumping by 1.33 per cent or 32 cents to $23.65 while iron ore focused, RIO Tinto ( RIO ) is easing by 0.15 per cent or 13 cents to $66.16.

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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: BHP , RIO

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