Aust stocks close slightly higher
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The Australian stock market closed higher in light trade today as the United States budget impasse continues.
At the 1615 AEST official market close, the benchmark S&P/ASX200 index rose 0.37% to 5,234.9 points, while the broader All Ordinaries index lifted 0.33% to 5,232 points.
IG analyst Chris Weston said some buying in resource stocks had supported the market today.
"On the fundamental side, the debt ceiling is a growing concern, and it’s getting to a point where traders will start looking at more aggressive hedges," Mr Weston said.
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