Centrebet International Limited

Australian Market Report of November 9, 2010 includes: Auckland International Airport Limited (NZE:AIA) announces new Asia air-services; Coalworks Limited (ASX:CWK) receives positive Pre Feasibility Study for the Vickery South Coal Mine; Spitfire Resources Limited (ASX:SPI) has discovered a significant new zone of near-surface manganese mineralisation in Western Australia; Centrebet International Limited (ASX:CIL) unveils plans to double market share.

Wall Street posted a fourth day on Friday rise as the US existing home sales data gave investors more confidence that it is the end of the recession. For the week The Dow Jones Industrial Average gained almost 2 per cent, while the Standard & Poor's 500 index added 2.2%.

Yesterday, the Australian stocks closed lower led by weakness in mining and energy sectors following the drop in oil prices. The benchmark S&P/ASX200 index lost 44.5 points, or 1.16 per cent, to 3,783.7 points, while the broader All Ordinaries index was 42.4 points, or 1.11 per cent lower, to 3,784.2 points. Analysts expect the market remains low trading volume as the investors were nervous ahead of the reporting season.

Yesterday the Australian market ended lower. The benchmark S&P/ASX200 index was down 43.3 points, or 1.2%, at 3497.4 while the broader All Ordinaries index fell 34.6 points, or 1%, to 3443.5. The market is watching RBA's rate cut decision and earnings reports to be released today.