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Economics

Market wrap - midday

The Australian stock market was virtually flat at midday, giving back most of gains made earlier in the morning, with brewer Foster's providing downside after weaker-than-expected results. At 1200 AEDT, the benchmark S&P/ASX200 index was just 0.2 points higher at 5990.3, while the all ordinaries gave back 0.7 points to 5968.6, but recorded a new intraday high of 5978.2.

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