Aust stocks close little changed

Local market drifts after US holiday late last week, holds above 5,500 threshold.

The Australian sharemarket has closed little changed in subdued trade, holding above the 5,500 psychological threshold despite a lack of Wall Street leads after the US market was closed for Independence Day on Friday.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index edged down 6.1 points, or 0.11%, to 5,518.9 points, while the broader All Ordinaries index fell 5.5 points, or 0.1%, to 5,506.3 points.

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