Aust stocks flat at noon

Local market gives up morning gains as building approvals miss expectations.

The Australian sharemarket is flat at noon, giving up morning gains as official data showed building approvals missed expectations.

At 12.05pm (AEST), the benchmark S&P/ASX200 index inched down 7.8 points, or 0.14%, to 5,450.3 points, while the broader All Ordinaries index edged down 6.5 points, or 0.12%, to 5,432.3 points.

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