Australian shares were marginally in the red at noon on thin trading, after a positive start following better than expected jobs data in the US overnight.
All Ordinaries index had slipped 8.9 points, or 0.19 per cent, to 4,732.1 points.
Some analysts are saying "Good employment data from the US gave the local market a boost for the first half hour, but afterwards, it has bounced up and down. Lately, we've seen the materials and energy sectors holding the market up when it's positive, but there has been very little conviction anywhere else. It's all over the shop today... We're having considerable problems gaining momentum. Most of the information we have has been already priced into the market."
According to the ABS Australian capital expenditure fell 3.9% in the third quarter compared to the previous quarter. Forecasts were for a rise of 1%.
The best performing sector at midday is the Telco Services index up 8 points to 1,161.
The worst performing sector at midday is the Financials excluding Real Estate Investment Trust index, down 58 points to 5,380.
Gold is trading at US$1,190.15 an ounce and the Aussie dollar is trading at 92.79 US cents.
Windy Knob Resources Limited(WKR) announced that it has agreed to acquire a 100% interest in the Ovoot Coking Coal Project (Ovoot or the Project) in the Khuvsgul province in North-West Mongolia.Shares in Windy Knob Resources Ltd(WKR) advanced 43.75% to $.046c.
Quick trade At IPL: in at 2.92 and out 2.96 GWR: Q at .805
You should be asking before entering any position.
What is the general trend of the stock right now? Is it in a short-term trend different to the longer-term trend? Is it close to a level of support or resistance?
