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
    0.9328+0.0001+0.01%
    AUDUSD=X
    0.5556+0.0003+0.05%
    AUDGBP=X
    0.6753+0.0001+0.02%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg