InvestSMART

Aust stocks close flat

Local market little changed as company earnings fail to inspire investors.
By · 26 Feb 2014
By ·
26 Feb 2014
comments Comments

The Australian stock market has closed flat today as company earnings reports failed to inspire investors.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index inched up 0.06% to 5,437 points, while the broader All Ordinaries index added 0.06% to 5,447 points.

IG chief market strategist Chris Weston said earnings today "haven't been hugely inspirational", although the weightings on the market are low.

"Perhaps the big talking point on the floor today has been around the iron ore price and the lower low seen on the daily chart," Mr Weston said.

Google News
Follow us on Google News
Go to Google News, then click "Follow" button to add us.
Share this article and show your support
Free Membership
Free Membership
Staff Reporter
Staff Reporter
Keep on reading more articles from Staff Reporter. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.