THERE was little movement on the share market at noon with trading in the US slowing down for Thanksgiving on Thursday.

At 12.00pm AEDT, the benchmark S&P/ASX200 index was up 10.9 points, or 0.23 per cent, at 4695.90, while the broader All Ordinaries gained 9.9 points, or 0.21 per cent, to 4718.10.

Bell Financial Group senior adviser Chris Kimber said the market had moved very little since open with the US preparing to close for the Thanksgiving holiday on Thursday.

“The market’s a little bit boring at the moment with Thanksgiving in the US tomorrow and the half day on Friday,” he said.

“So, as expected, there are low volumes and that’s going to be the story for the rest of the week.”

Mr Kimber said BHP Billiton’s shares had lifted after speculation Chinalco would sell its stake in the mining giant was dismissed as rumour.

By 12.05pm AEDT, BHP Billiton rose 50 cents, or 1.24 per cent, to $40.73 while its mining rival Rio Tinto fell eight cents to $71.81.

Suncorp-Metway was up 22 cents, or 2.51 per cent, at $9 after it announced it would not be selling off its banking arm.

AAP