By Simon Frazer
Telstra had posted a gain of 0. 5 per cent, while there were mixed fortunes for the airlines. Qantas had risen 1. 5 per cent but Virgin Australia has lost 2. 4 per cent.
Electronics retailer JB Hi-Fi’s shares had dropped 7. 3 per cent after the firm reported a 10 per cent rise in its full-year profit to $128 million.
The supermarket giants were also up. Woolworths went up 0. 7 per cent, while Coles’ parent company, Wesfarmers, rose 0. 2 per cent.
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The All Ordinaries index had risen 28 points or 0. 5 per cent to 5,457 shortly before midday (AEST).
The food and beverage sector was down overall, with Coca-Cola Amatil falling 0. 3 per cent.
Harvey Norman had lost 0. 8 per cent but Myer was up 0. 2 per cent.
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