Aust stocks open 0.5% weaker

Gaming systems company eBet (EBT) has made its first acquisition in 2½ years to improve its core offering and bolster its ability to generate recurring revenue.

The Australian sharemarket opened more than half a per cent lower, following Wall Street's downward lead after a report showing a drop in small business sentiment and disappointing sales data.

At the 10.15am (AEDT) official market open, the benchmark S&P/ASX200 index was 28.8 points, or 0.53%, lower at 5,385 points, while the broader All Ordinaries index dropped 28.6 points, or 0.53%, to 5,400.7 points.

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