Aust stocks close weaker

Local market falls in today's session as investors get portfolios ready for tax time.

The Australian sharemarket rose strongly this financial year but finished the day slightly weaker as investors got their portfolios in order for tax time.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index lost 49.4 points, or 0.91%, to 5,395.7 points, while the broader All Ordinaries index lost 47.1 points, or 0.87%, to 5,382 points.

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