Article: STOCKS - AUSTRALIAN SHARES HIGHER AT NOON - OCT 13, 2009.

SYDNEY, Oct 13 Asia Pulse - The Australian sharemarket had extended its gains by noon, boosted by banking and commodity stocks, and following a positive lead from world markets overnight.

At 1211 AEDT, the benchmark S&P/ASX200 index was up 42.3 points, or 0.89 per cent, at 4,782.1, while the broader All Ordinaries had gained 40.4 points, or 0.86 per cent, at 4,786.1.

On the Sydney Futures Exchange, the December share price index contract was 35 points higher at 4,793, on a volume of 9,168 contracts.

RBS Morgans private client adviser Craig Walker said a positive lead from European and US markets was helping to buoy local stocks.

"The ...

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