THE share market was weaker at noon, marking time following soft offshore leads from Wall Street overnight.
At 12.02pm (AEDT), the benchmark S&P/ASX200 index was 25.8 points lower, or 0.55 per cent, at 4673.3 while the broader All Ordinaries index had fallen 23.9 points, or 0.50 per cent, to 4742.0 points.
Bell Financial Group senior adviser Chris Kimber said the market was holding up after strong gains during the week.
"That's pretty reasonable, but I don't think there's been a big lead from overnight," Mr Kimber said.
"All the metals, which have been driving the rally, had a bit of a rest and now energy stocks probably are having a rest too."
Mr Kimber said Rio Tinto was performing well following a positive production report yesterday.
"Rio's the only one that's holding up very well after their great result yesterday, so that's sort of bucking the trend," Mr Kimber said.
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At 12.06pm (AEDT), the major miners were mixed. BHP Billiton was down 17 cents at $41.49, while Rio was up 28 cents to $82.36. Fortescue Metals was three cents lower at $6.35.
Mr Kimber said it was interesting to see Fortescue holding up.
"That's holding up very well in the $6.30s and not retracing the rally it had, so that's probably a reasonable sign for them," he said.
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