Australian Stock Market jan 10 2012

Indonesia stock info - Australian Stock Market jan 10 2012 ; Almost all sectors are trading higher with the miners the biggest contributors to the day's gains. Australia's second largest mining company, RIO Tinto ( RIO ) is up 1.66 pct or $1.03 to $63.18 while the larger BHP Billiton which also happens to be the biggest company listed on the Australian sharemarket is up 1.28 pct or 45 cents to $35.65.

The financials had a slow start to the week on Monday but are all trading higher at lunch. ANZ Banking Group (ANZ) is up 1.31 pct or 27 cents to $20.81, National Australia Bank (NAB) is 1.28 pct or 30 cents higher to $23.67, Westpac ( WBC ) is up 0.95 pct or 19 cents to $20.18 and Commonwealth Bank of Australia ( CBA ) is 0.87 pct or 43 cents stronger to $49.83.

The airlines are outperforming the broader sharemarket with Qantas (QAN) up 4.76 pct or 7 cents to $1.54 making up for the disappointing performance at the end of last week. Keep in mind that QAN shares fell by a staggering 40 pct last year. Virgin Australia (VAH) is up 3.39 pct or 1 cent to 30.5 cents however slumped by 30 pct in 2011.

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