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Market lower at noon

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The share market is slightly lower at noon weighed down by resource stocks.

Lower commodity prices saw BHP Billiton lose 22 cents to $24.01 while rival Rio Tinto was also off by 16 cents to $52.62.

However energy companies Oil Search and Woodside were in the green while Santos shares surged more than 20 per cent in morning trade after revealing it had rejected a $7.1 billion takeover bid.

The banks had edged lower with ANZ the worst performer, off by more than half a per cent.

KEY FACTS

* At 1215 AEDT on Thursday, the benchmark S&P/ASX200 index was down 12.3 points, or 0.23 per cent, at 5,236 points.

* The broader All Ordinaries index was down 13 points, or 0.25 per cent, at 5,273.5 points.

* The December share price index futures contract was down 26 points at 5,213 points, with 13,234 contracts traded.

* National turnover was 1.17 billion securities worth $1.7 billion.