Australian Market is Struggling to Hang Onto Morning Gains

• Australian markets are losing onto early gains as huge sell-off is going in QBE shares. In opening session, the benchmark index S & P/ASX 200 opened higher by 17.5 points, or 0.3 per cent, at 5161.9, while the broader All Ordinaries opened up by 16.2 points, or 0.3 per cent, to 5164.6.

• Banking and mining shares performed well in morning session:

• ANZ: +0.9% at $31.02
• CBA: +0.6% at $75.32
• NAB: +0.7% at $33.42
• Westpac: +1% at $31.39
• BHP: +1.1% at $37.16
• Rio: +0.4% at $66.78

• The Australian dollar is going high and low from morning session. In morning session, the local currency (AUD) was trading close to its level in yesterday afternoon session. Presently, it is trading at 91.06 US cents.

http://www.capitalvia.com/au/