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Midday market wrap: Coles Myer gains $0.44 on profit increase

Coles Myer gained $0.44 from Friday’s close as it announced a net after tax profit of $217.90 million for the half year ended January 26, but the All Ordinaries index as a whole appeared to be taking its cue from the downward trend emerging late on Friday on Wall Street, falling 17.70 points to 2706.50.

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