Local stocks higher at noon

Investors trimmed early gains heading towards noon

The Australian stock market has pared early gains in midday trade despite an uptick in retail sales and capital city house prices.

At 1205 AEDT, the benchmark S&P/ASX200 index was 0.12 per cent higher at 5,417.5 points, while the broader All Ordinaries index was 0.1 per cent higher at 5,411.7 points.

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