Aussie share market edges down after lacklustre session
By Kaaren Morrissey
The share market see-sawed through the day before lagging bank and mining stocks had their impact. -AAP Image
The Australian share market has had a disappointing session after trading sideways for most of the day, as investors took an indifferent stance and shrugged off a solid lead from Wall Street.
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The benchmark S&P/ASX200 index was little changed after shedding just eight points, or 0.09 per cent, on Wednesday to close at 8727.7, as the broader All Ordinaries edged down 0.1 per cent, or 8.9 points, to 8894.6.
Rises in the interest-rate-sensitive real estate, consumer discretionary goods, health care and energy sectors initially led the broader market higher, but in the end losses in the mining and banking sectors left the overall market underwater.
The Australian dollar was buying 69.71 US cents, down from 69.69 US cents on Tuesday at 5pm.
