Aust stocks close little changed

Local market finishes flat after selling in resources, buying in financials.

The Australian sharemarket closed flat today amid selling in resources stocks after a fall in the iron ore price and buying in financials.

At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index was 2.3 points, or 0.04%, higher at 5,413.8, while the broader All Ordinaries index edged down 1.5 points, or 0.03%, to 5,429.3.

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