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Sydney - Tuesday - August 16: (RWE Aust Business News) - The Australian sharemarket resumed its upward advance today, with gains for the major banks and selected industrials offsetting a flat mining sector.
At midday the All Ordinaries index had risen 17 points to 4442.5 and the ASX200 index was up 17.1 points at 4476.6.
On the economic front the Bureau of Statistics reported the value of merchandise imports in July was $12.951 billion, up from $12.876 billion in June.
In futures the September SPI200 contract rose 12 points to 4464.
Trading was busy with turnover of $1.3 billion after two hours, comprising 461 rises, …