Market higher despite resources slump

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The share market is slightly stronger at noon, with gains in the financial and energy sectors managing to offset falls by the miners.

BHP Billiton was down 44 cents at $26.55 and Rio Tinto was 92 cents weaker at $52.95, while gold miners were again impacted by a lower price for the precious metal.

But there were gains by Oil Search after its improved full year production forecast, and three of the big four banks.

Commonwealth Bank was the only major lender to be lower, down 34 cents at $88.02.

KEY FACTS

* At 1210 AEST, the benchmark S&P/ASX200 index was up 0.8 points, or 0.01 per cent, at 5,687.7 points.

* The broader All Ordinaries index was up 1.2 points, or 0.02 per cent, at 5670.2 points.

* The September share price index futures contract was seven points lower at 5,635 points, with 14,149 contracts traded.

* National turnover was 860 million securities worth $1.5 billion.