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STOCKS - AUSTRALIAN SHARES LOWER TO NOON - APRIL 2, 2007.
SYDNEY, April 2 Asia Pulse - Australian stocks were lower across the board at midday, as profit-takers moved in and the local bourse bucked a mixed international lead.
At 1200 AEST, the benchmark S&P/ASX200 index was 44 points lower to 5951, while the all ordinaries lost 39.6 points to 5939.2.
On the Sydney Futures Exchange, the June share price index contract was trading 44 points down at 5990 on a volume of 7,395 contracts.
Ausbil Dexia chief executive Paul Xiradis said the market was experiencing profit-taking after a "pretty strong" month of March.
"I don't think there's been too many sectors that have been spared this time round," Mr Xiradis said.
"There's profit taking right across the board."
Mr Xiradis said while on balance there'd been a positive lead internationally, the local bourse wasn't reacting.
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES LOWER TO NOON - APRIL 2, 2007.