Australian Market Ended Flat After Early Gains

• The Australian market reversed the early gains and finish flat as QBE shares showed a slump. The benchmark S & P/ASX 200 index edged down 0.8 points, or 0.02 per cent, to 5143.6 as QBE Insurance Group led the falls for the second day in a row. The broader All Ordinaries index slipped 2.2 points to 5146.2.

• Qantas Airlines shares closed at its lowest level since 1995. The stock fell 3 per cent to 96.5 cents in Sydney, half a cent below its previous record low last June. It hit an all-time low of 95.5 cents during the session.

• The local dollar was buying US91.03¢, down from US91.04¢ at the previous close. 

• Today's gainers and losers are as follows:

ASX 200 Tips