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STOCKS - AUSTRALIAN SHAREMARKET FIRMER AT NOON - SEPT 1, 2004.

AsiaPulse News

| September 01, 2004 | COPYRIGHT 2004 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

SYDNEY, Sept 1 Asia Pulse - The Australian share market was higher at noon, hitting all-times highs as solid gains in the banking sector led a stronger overall market.

By 1219 AEST the benchmark S&P/ASX 200 index rose 25.9 points at 3579.6, after hitting an intraday record high of 3585.5, eclipsing the previous best mark of 3568.7 set on July 8 this year.

The all ordinaries rose 22.4 points to 3585.7, also easing off a record high of 3591.

On the Sydney Futures Exchange, the June share price index contract was 36 points higher at 3582 - a 2.4 point premium to the underlying index - on a volume of 11,859.

ABN Amro Morgans private client adviser Kylie Harding said the strength of the market had been ...

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Source: HighBeam Research, STOCKS - AUSTRALIAN SHAREMARKET FIRMER AT NOON - SEPT 1, 2004.

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