Aust stocks flat at noon

Local market pares modest early gains after weaker than expected retail sales.

The Australian stock market pared modest early gains to sit almost flat at noon as local data showed retail sales lifted less than expected in July.

At 1205 AEST, the benchmark S&P/ASX200 index inched up 0.15% to 5,196 points, while the broader All Ordinaries index edged 0.19% higher to 5,187.6 points.

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