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STOCKS - AUSTRALIAN SHARES LOWER AT NOON - APRIL 1, 2009.
MELBOURNE, April 1 Asia Pulse - The Australian sharemarket consolidated its position in morning trade, with resources and oil stocks providing the core support after February retail trade and building approval figures had little impact on the market.
At 1200 AEDT, the S&P/ASX200 had eased 13.9 points, or 0.39 per cent to 3568.2, while the broader All Ordinaries declined by 13.6 points or 0.39 per cent to 3518.7.
On the Sydney Futures Exchange, the June share price index contract was trading 14 points higher at 3,580 on volume of 15,660 contracts.
Macquarie Equities' associate director Lucinda Chan said the market was consolidating albeit on low volumes and a muted response to the release of February retail trade and building approvals data from the Australian Bureau of Statistics (ABS).
"Overall ,people are starting to look at the market and no-one is too concerned about what's happening offshore," she said.
This still was a trader's market.
"The data has been actually quite good for building and retail was expected anyway to be a bit lower," Ms Chan said.
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