Aust stocks close little changed

Local market narrows morning losses as risk-off sentiment prevails

The Australian sharemarket narrowed morning losses to close flat today, as risk-off sentiment prevailed after the prospect of Chinese stimulus faded and Wall Street fell on downbeat manufacturing data.

At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index fell 10.3 points, or 0.19%, to 5,336.6, while the broader All Ordinaries Index lost 11.1 points, or 0.21%, to 5,351 points.

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