Shares limp to flat finish after rally loses steam
The S&P/ASX200 has ground to a flat finish after an early rally faded. -AAP Image
A promising start has given way to a flat finish for Australia's stock market, as energy stocks tumbled and profit-taking weighed on miners.
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The S&P/ASX200 rose 10.8 points on Thursday, or 0.13 per cent, to 8,617.3, as the broader All Ordinaries gained 12.7 points, or 0.14 per cent, to 8,912.
Australia's tech sector outperformed the market, extending its recovery with a more than two per cent surge, while sellers drained 1.3 per cent from energy stocks.
The Australian dollar is buying 65.36 US cents, up from 65.06 on Wednesday at 5pm, as narrowing bets on a December US interest rate cut weigh on the greenback.Â
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