Australian Stock Market Report – Midday 2/8/2013

MID-SESSION REPORT
(12.30pm AEDT)

The Australian sharemarket is improving for the third consecutive session, with the All Ordinaries Index (XAO) up 0.2 per cent or 11.6 pts to 4967.4, despite a slow start to this morning. Over the past five trading sessions, the XAO has edged higher by almost 0.5 per cent.

If the market can maintain its gains for the duration of the session and economic news out of China doesn't disappoint this afternoon, this will make it four consecutive weeks of improvement.

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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.

This article appears in: Investing, Commodities

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