Aust stocks open flat

Local market unchanged after mixed results overseas amid growing concerns on Greece.

The Australian stock market was unchanged at the open after a mixed result on Wall Street and European markets amid heightening concerns of yet another Greek bailout.

The benchmark S&P/ASX200 index added 0.07% to 5,112.5 points, while the broader All Ordinaries index increased 0.08% to 5,098.2 points.

Materials gained, with the major miners in the black.

BHP Billiton rose 0.33% to $36.93, while Rio Tinto added 0.81% to $62.33.

Fortescue Metals increased 1.39% to $4.37.

Whitehaven Coal rose 0.98% to $2.07 and Newcrest fell 1.61% to $12.19.

In the energy sector, Santos shed 0.43% to $13.96, Oil Search increased 0.25% to $8.08 and Woodside edged 0.05% lower to $38.36.

In Australia, the market on Monday rose by more than 1% as renewed optimism about China's economy prompted investors to pile into resources stocks.

The benchmark S&P/ASX200 index was up 53.5 points, or 1.06%, at 5,108.7 points, while the broader All Ordinaries index was up 55.3 points, or 1.1%, to 5,094.1 points.

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