Aust stocks open flat

Local market little changed after yesterday's losses, overnight international falls.

The Australian stock market has opened little changed after falls on global bourses as data showed the United States economy was growing at 3.6%.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index edged down 0.14% to 5,190.6 points, while the broader All Ordinaries index lost 0.13% to 5,190 points.

In equities news, Nine Entertainment (NEC) makes its debut on the ASX while Washington H Soul Pattinson has its annual general meeting.

In Australia, the market on Thursday fell heavily in afternoon trade after starting the day flat.

Business news was marked by the dramatic descent of national airline Qantas, which flagged a big financial loss and widespread job cuts.

The benchmark S&P/ASX200 index was 70.6 points, or 1.34%, at 5,196.9 points.

The December share price index futures contract was 66 points lower at 5,211 points, with 32,296 contracts traded.

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