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General

Market wrap - midday

The Australian share market edged higher at noon as resource stocks such as Rio Tinto helped offset falling shares in Coles Myers, which turned down a revised takeover bid. By 1210 AEST, the benchmark S&P/ASX200 index was ahead 4.7 points to 5,317.9, while the all ordinaries firmed 3.5 points to 5,285.6.

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