Australian Market Report of May 20, 2010: Citigold (ASX:CTO) Signs LOI with Henan Jinqu

  Sydney, Australia, May 20, 2010 - (ABN Newswire) - The Australian shares opened slightly higher this morning despite Wall Street and European markets posted losses overnight. The local market was supported as investors were hunting for bargains following a series of significant falls in recent sessions. Yesterday the Australian market closed at its nine- month low after the global markets fell on Germany's ban on naked short selling.  

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