Aust stocks close slightly higher

The Australian sharemarket closed little changed in light newsflow today but investors continued to pile in to Telstra, sending the telco to its highest level in more than nine years.

The Australian sharemarket closed little changed in light newsflow today but investors continued to pile in to Telstra, sending the telco to its highest level in more than nine years.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index rose 12.9 points, or 0.24%, to 5,492.8 points, while the All Ordinaries index gained 12.2 points, or 0.22%, to 5,470.3 points.

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