Australian Market Closed Flat after Positive Start

• The Australian market closed flat after positive start as downward movement was led by mining stocks. The benchmark S&P/ASX 200 index closed at 5,316 (-1 point) while the broader All Ordinaries index was closed at 5,318.7 (-0.1 point).

• As per market experts, weakness in Chinese economy means there is likely to be weaker demand for Australian resources and this negative movement can be seen in coming trading sessions of the current week.

• Sectors' performance was mixed today. Here's a quick look:

• Consumer Discretionary:                        1,829.6                 up          7.1
• Consumer Staples:                             9,997.2             up          45
• Energy:                                             13,404.1                 up          57
• Financials:                                             5,858.6        down -3
• Health Care:                                             14,359.2                 up          87.7
• Industrials:                                             3,912.2         down -3.8
• Information Technology:                        738.3                 down -1.8
• Materials:                                     9,997.9                 down -57.4
• Telecommunication Services:             1,831.2                  up           0.2
• Utilities:                                             5,405.6                  up           15.4

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