Share market gains in early trade

The Australian share market is gaining ground early, with banks leading the way in the first hour of trading.

The All Ordinaries Index was up 16 points to 4,750, and the ASX 200 was also 0.3 per cent higher at 4,725 shortly before 11:00am (AEDT).

Commonwealth Bank shares were up around 0.7 per cent to $61.82, while NAB was up 16 cents to $25.73.

Westpac was the exception - it was down 4 cents to $26.54.

The big miners were losing value, after base metal prices weakened.

B-H-P Billiton was down 0.6 per cent and Rio Tinto was 0.2 per cent lower.

Telstra was up more than 0.5 per cent and retailers were also enjoying some solid gains.

The Australian dollar was giving up some of this morning's gains and was worth 105.32 US cents.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9334+0.0007+0.08%
    AUDUSD=X
    0.5559+0.0006+0.10%
    AUDGBP=X
    0.6756+0.0004+0.06%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg