The share market slipped down by 1% till the noon trading as the uncertainty of the election results kept affecting the share markets. The S&P index has gone down by 47.9 points or 1.08% to 4381.1 points while other markets have fallen down by 0.93% or 42.3 points to 4418.2 points.

According to the Sydney Futures Exchange, the share price index for September has fallen down by 45 points and slipped to 4366 points on a volume of 14,462 numbers of contracts.

On the other hand, the Dow Jones average index has risen up by 91 points in the early trading but then in the final trade hour of that day the Dow Jones fell down by 39 points. The senior client adviser of Austock Securities, Michael Heffernan has said that the slump of the market was very much regulated by the equities market and the election uncertainty.

Because of the uncertain result of the federal election the overseas investors pulled out their hands from investing money in to Australian markets. Some of the biggest mining groups also saw a sharp drop in their market shares and the brewers' shares also fell down.