Australian Market Report of December 18: Gains Pared after NAB's Surprise Bid

  Sydney, Australia, Dec 18, 2009 - (ABN Newswire) - The Australian share market lost much of its early gains after NAB's surprise bid for the local and New Zealand assets of AXA Asia Pacific Holdings. Woodside's capital raising also gave the market a pullback. At the close, the local market was slightly higher. The benchmark S & amp;P/ASX200 index closed up 8.4 points, or 0.18 per cent, at 4670.  

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