Aust stocks close slightly higher

Local market lifts on some buying in resources as US budget impasse continues.

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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