Aust stocks little changed at noon

Local market stays flat despite Wall St gains on surging Facebook shares.

The Australian stock market was flat at noon despite Wall Street finishing higher with surging Facebook shares boosting sentiment.

At the 1205 AEST, the benchmark S&P/ASX200 index edged up 0.09% to 5,040.3 points, while the broader All Ordinaries index added 0.08% to 5,022.5 points.

No major economic news is expected on Friday.

In Australia, the market on Thursday finished flat as weaker metals prices hit resources companies and the big banks climbed.

The market was in negative territory all day until a late rally in bank and property shares lifted the main indices.

The benchmark S&P/ASX200 index was up 0.5 points, or 0.01%, at 5,035.6 points, while the broader All Ordinaries index was down 3.5 points, or 0.07%, to 5,018.3 points.