Aust stocks close little changed

Local market narrows early losses after strong retail sales, trade surplus data.

The Australian stock market has narrowed morning losses to close flat after official data on retail sales and the trade surplus printed stronger than expected.

At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index inched down 0.01% to 5,446 points, while the broader All Ordinaries index edged up 0.04% to 5,459.7 points.

IG market strategist Stan Shamu said even with the Ukraine risk significantly downgraded, Asian markets were mixed today.

"Perhaps as talks among leaders on the Russia/Ukraine issue continue, investors are happy to remain on the sidelines and this has kept some risk assets at bay," Mr Shamu said.

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