Australian Stock Market Report – Midday 3-14-13

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MID-SESSION REPORT
(12.30pm AEDT)

Despite a slightly firmer start to the day's trade, local stocks are trading in the red at lunchtime, weighed down by weakness from the mining players.

Overnight, the US Dow Jones Index rose modestly, but importantly gained for a 9th straight session, the longest winning streak since November 1996.

Locally, iron ore player Fortescue Metals Group (FMG) is one of the weakest performers, down 5.7% to $3.99 while BHP Billiton ( BHP ) is lower by 1.7% after rising yesterday.

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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

Referenced Stocks: BHP

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