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STOCKS - AUSTRALIAN INDEX HIGHER TO NOON - NOV 1, 2004.

AsiaPulse News

| November 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, Nov 1 Asia Pulse - The Australian sharemarket is higher at noon, led by the banks and an improvement on Wall Street.

At 1230 AEST, the benchmark S&P/ASX 200 index was 11.1 points higher at 3789.7, while the all ordinaries firmed 9.1 points to 3795.4.

On the Sydney Futures Exchange, the December share price index contract rose 15 points to 3796 - a 5.3 point premium to the underlying index - on a volume of 259,058

Bell Potter senior investment adviser Stuart Smith said banks were being boosted by the imminent relocation of News Corp to the United States.

"The money is going into banks because ...

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Source: HighBeam Research, STOCKS - AUSTRALIAN INDEX HIGHER TO NOON - NOV 1, 2004.

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