Aust stocks close slightly lower

Local market lifts slightly, boosted by stronger than expected building approvals.

The Australian stockmarket has closed slightly higher today, holding just above the 5,400 level after a boost from official data showing building approvals beat forecasts in January.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index rose 0.3% to 5,400.2 points, while the broader All Ordinaries index added 0.26% to 5,411.7 points.

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