Mar­ket fails to in­spire faith

Townsville Bulletin - - Investor -

T H E A u s t r a l i a n share­mar­ket closed flat af­ter cor­po­rate re­ports from the tail end of the earn­ings sea­son failed to in­spire in­vestors, who re­mained con­cerned about Mid­dle East tur­moil.

T h e b e n c h m a r k S & P / ASX200 in­dex was down six points, or 0.12 per cent, at 4,830.5 points, while t he broader All Or­di­nar­ies in­dex dropped 2.3 points, or 0.05 per cent, to 4,922.6 points.

On the ASX 24 at 4.15pm AEDT yes­ter­day, the March share price in­dex fu­tures con­tract was seven points higher at 4,826 points, with 29,889 con­tracts traded.

A tech­ni­cal glitch at about 3pm AEDT stopped all trades on the Aus­tralian Se­cu­ri­ties Ex­change for the re­main­der of the session, other than in fu­tures. Au­s­tock Se­cu­ri­ties se­nior client ad­viser Michael Hef­fer­nan said the glitch was un­usual, but the mar­ket had been life­less up un­til that point, de­spite strong leads from off­shore mar­kets. Mr Hef­fer­nan said none of the profit re­sults yes­ter­day man­aged to ex­cite the mar­ket.

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