Aust stocks close little changed

Local market narrows early losses as investors weigh war's effect on commodity prices.

The Australian sharemarket narrowed morning losses to close flat today as investors consider the effect of escalating violence in Iraq on commodity prices.

At the 4.15pm (AEST) official market close, the S&P/ASX200 index added 7.2 points, or 0.13%, at 5,412.3 points, while the broader All Ordinaries index rose 6.9 points, or 0.13%, to 5,390.6 points.

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