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Share market steadies after early fall

The share market has recovered from early falls as consumer and industrial stocks post gains.

The market was down about 0.3 per cent in early trade but had moved higher by noon to be steady.

The heavyweight sectors of resources and banks were relatively subdued, with the greatest moves coming from the likes of Nine Entertainment, up 6.6 per cent at $1.4925, Tabcorp, which had gained 1.4 per cent to $4.99, and Qantas, which was 1.4 per cent higher at $3.63.


* At 1225 AEST, the benchmark S&P/ASX200 index was down 0.5 points, or 0.01 per cent, at 5,669.1 points.

* The broader All Ordinaries index was up 1.7 points, or 0.03 per cent, at 5,652.5 points.

* The September share price index futures contract was six points lower at 5,616 points, with 14,103 contracts traded.

* National turnover was 822 million securities worth $1.8 billion.