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Aust stocks fall slightly at noon

Local market narrows morning losses after better than expected jobs data.
By · 10 Oct 2013
By ·
10 Oct 2013
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The Australian stock market fell slightly at noon but narrowed morning losses after the release of better than expected unemployment data.

At 1205 AEDT, the benchmark S&P/ASX200 index fell 0.21% to 5,142.1 points, while the broader All Ordinaries index slipped 0.2% to 5,141.3 points.

The Australian Bureau of Statistics released September labour force data, with the unemployment rate falling to 5.6% against expectations it would hold steady at 5.8%.

NAB chief executive Cameron Clyne is also scheduled to deliver a speech at a Trans-Tasman Business Circle event in Melbourne.

Toll road owner Transurban Group holds its annual general meeting, also in Melbourne.

Yesterday the Australian share market edged higher, with the benchmark S&P/ASX200 index adding 3.6 points to 5,153 and the broader All Ordinaries index gaining 3.5 points to 5,151.6.

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