Aust stocks close slightly higher

Local market shrugs off iron ore price worries as investors look for bargains.

The Australian sharemarket has shrugged off worries over the iron ore price to close slightly higher today as investors hunt for bargains after recent falls.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index added 11.4 points, or 0.21%, to 5,420.4 points, while the the broader All Ordinaries index also gained 11.4 points, or 0.21%, to 5,401.7 points.

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