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STOCKS - AUSTRALIAN SHARES LOWER AT NOON - MAY 1, 2003.
SYDNEY, May 1 Asia Pulse - The Australian stock market stayed lower at noon with weakness in the financial sector driven by news of AMP's $1.5 billion capital raising.
At 1225 AEST, the benchmark S&P/ASX 200 index was 10.8 points easier at 2996.7, while the all ordinaries index fell 10.8 points to 2960.1.
On the Sydney Futures Exchange, the June share price index contract was three points stronger at 2987.0 - a 9.7 point discount to the underlying index - on a volume of 6,430 contracts.
Insurance and financial services shares remained under pressure in early ...
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES LOWER AT NOON - MAY 1, 2003.