Aust stocks close slightly lower

Local market edges down as investors await final details of the federal budget.

The Australian sharemarket has closed slightly lower today, with low turnover as investors sit on their hands ahead of tomorrow night's federal budget.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index lost 12.4 points, or 0.23%, at 5,448.4 points, while the broader All Ordinaries index shed 13 points, or 0.24%, to 5,429 points.


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