Australian Stock Market Report – Midday 1-11-13

MID-SESSION REPORT
(11.30am AEDT)

This week has been a balanced affair, with shares losing value on Monday and Tuesday only to make up for the losses on Wednesday and Thursday. At lunch, the All Ordinaries Index (XAO) is down just 1.5 pts to 4743.7.

Shares rose yesterday thanks to much stronger than expected economic news issued in China. A US$31.6 billion trade surplus was recorded, exports jumped by over 14 per cent and imports rose by 6 per cent in December. This also helped commodity prices improve but hasn't been enough to lift our miners at lunch. BHP Billiton ( BHP ) is down by 1.47 per cent or 54 cents to $36.87, while the smaller Rio Tinto ( RIO ) is down 1.27 per cent or 85 cents to $66.25.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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