Aust share market lower at noon

The Australian share market is trading lower at noon, despite strong performances from the miners.

After closing more than two per cent higher on Thursday, at 1205 AEDT on Friday the benchmark S&P/ASX200 is 0.75 per cent lower.

The resources sector is the best performer after resources stocks rallied on overseas markets overnight, with global miner BHP Billiton up 35 cents, or 2.27 per cent, at $15.80 and Rio Tinto up 63 cents, or 1.56 per cent, at $40.96.

The China port price of iron ore rose 1.6 per cent overnight to $US43.70

The big four banks were lower, as were the major energy players which enjoyed big jumps on Thursday.

Whitehaven Coal stocks lost 6.74 per cent despite reporting a swing back into profit in the first half of the financial year.

REA Group was down $3.08, or 6.01 per cent, at $48.14 even as it reported a strong jump in half year profits, while News Corp shares lost $1.00, or 5.5 per cent, to $17.01 after reporting a fall in revenue for the fourth straight quarter.

KEY FACTS:

* At 1211 AEDT, the benchmark S&P/ASX200 index was down 36.7 points, or 0.74 per cent, at 4943.7 points.

* The broader All Ordinaries index was down 36.1 points, or 0.72 per cent, at 4993.2 points.

* The March share price index futures contract was down 40 points at 4893 points, with 19,072 contracts traded.

* National turnover was 826 million securities traded worth $2.0 billion.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7072-0.0008-0.11%
    AUDUSD=X
    0.4913+0.003+0.62%
    AUDGBP=X
    0.6358+0.0014+0.22%
    AUDEUR=X