Australian Market Report of August 24, 2010: Oil Search (ASX:OSH) Profit Up on Firmer Oil Prices

  Sydney, Australia, Aug 24, 2010 - (ABN Newswire) - Australian market this morning opened in red led by consumer staples, which lost 2 per cent. Both materials sector and metals and mining sector dropped 1.1 per cent in early trade. The benchmark S & amp;P/ASX200 Index was down 0.67 per cent, while the broader All Ordinaries Index fell 0.59 per cent.The Australian dollar opened slightly lower as uncertainty remains over the federal election result.  

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