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STOCKS - AUSTRALIAN INDEX WEAKER TO NOON - DEC 1, 2005.

AsiaPulse News

| December 01, 2005 | COPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PERTH, Dec 1 Asia Pulse - The Australian stock market was weaker at noon, following a negative lead from the US, which saw many stocks losing value.

The gold price, which reached 18 year highs earlier this week, also continued to pull back, keeping gold stocks at bay.

At 1201 AEDT the S&P/ASX200 was down 26.2 points to 4608.6 while the all ordinaries shifted 25.3 points lower to 4558.3.

On the Sydney Futures Exchange, the December share price index contract pulled back 11 points to 4615.

Reynolds & Co adviser Michael Heffernan said there had been a sell off as traders realigned their books for the start of a new month.

"It is the end of the month so we can ...

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