Australian Stock Market Report – Midday 2/14/2013

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By Juliette Saly. CommSec Market Analyst | February 14, 2013 4:16 PM EST

Yesterday the ASX200 (XJO) closed at its highest level since September 2008. At lunchtime in the East, the XJO is at 5007.8pts, up 4.1pts while the All Ordinaries Index (XAO) is up 9.8pts to 5034.

Later this afternoon, Rio Tinto (RIO) will release its full year result, the market expecting a US$9B profit.

Coles owner Wesfarmers (WES) has lifted its first half profit by 9.3pct to $1.29B and will pay an interim dividend of 77c per shares. WES shares fell 0.6pct before the result was released to $38.21 and will resume just after midday in the East.

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