Feel­ing flat after trade data

Mercury (Hobart) - - BUSINESS -

DIS­AP­POINT­ING Chi­nese trade data has given Aus­tralia’s min­ing and en­ergy sec­tors a whack and kept the broader mar­ket flat after what promised to be a pos­i­tive start to the week.

The bench­mark ASX 200 in­dex closed 1.2 points, or 0.02 per cent, lower at 5773.4 as early gains on US-China trade hopes evap­o­rated.

The broader All Or­di­nar­ies ended down 1.6 points, or 0.03 per cent, at 5833.2.

The en­ergy sec­tor proved the big­gest drag thanks to sub­dued oil prices, while the big min­ers also turned neg­a­tive late in the day on news China’s trade sur­plus had dropped 16.2 per cent from the year be­fore.

The big min­ers fin­ished the day in the red, with BHP drop­ping 0.2 per cent to $32.71 and Rio Tinto down 0.3 per cent to $79.40.

The en­ergy sec­tor stayed down after oil prices fell 2 per cent in off­shore trade on Fri­day, end­ing a nine-day rally.

Shares in San­tos fell 0.1 per cent to $5.83, Wood­side Pe­tro­leum dropped 0.5 per cent to $33.08, and Oil Search 0.8 per cent to $7.55.

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