Aust stocks close flat

Local market ends post-budget session little changed as financial stocks weigh.

The Australian sharemarket closed the session flat following  last night's release of the federal budget as some of the major banks trade ex-dividend.

At the 4.15pm (AEST) official market close, the S&P/ASX200 index fell 1.7 points, or 0.03%, to 5,496.5, while the broader All Ordinaries index added 0.5 of a point, or 0.01%, to 5,475.9 points.

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