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    Share market quickly gives up early gains

    The Australian share market has turned negative after a positive start.

    The All Ordinaries index was 5 points lower at 4,726 by 11:12am (AEDT), and the ASX 200 index was also off 5 points to 4,703.

    The major miners are weaker despite a continued rise in the iron ore spot price.

    BHP Billiton and Rio Tinto were down around 0.5 per cent each.

    The big banks are mixed - National Australian Bank had shed 0.2 per cent.

    Telstra was trading flat at $4.48.

    The Australian dollar was worth close to 105.02 US cents.

    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      0.96510.00+0.01%
      AUDUSD=X
      0.63800.00+0.04%
      AUDGBP=X
      0.74610.00+0.03%
      AUDEUR=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,453.60-8.80-0.60%
      GCJ13.CMX
      28.58-0.21-0.73%
      SIH13.CMX
      3.450.02+0.51%
      HGH13.CMX
      93.300.34+0.37%
      CLJ13.NYM