Australian shares flat

Dhaka,  Monday,   2016-09-19
Published : 19 Sep 2016, 13:39:19

Australian shares flat

Australian shares flat
Australian shares struggled to advance on Monday, with technical glitches marring early dealing and later forcing a halt to afternoon trade.

The technical problems and caution ahead of central bank meetings in the United States and Japan this week left investors in little mood to stake out new positions.

The S&P/ASX 200 index, which had gained in the past three sessions, closed down 0.04 per cent or 1.90 points to 5,294.8.

Stock exchange operator ASX fell 1.4 per cent.

Energy stocks slipped as crude oil hit multi-week low on Friday. Oil major Woodside Petroleum slid 1.1 per cent while Beach Energy tumbled more than 2.0 per cent.

Retail to resources giant Wesfarmers Ltd fell as much as 2.1 per cent but then erased much of that loss to end 0.5 per cent weaker.

Gold stocks gained 1.8 per cent as spot gold rose 0.4 per cent to $1,315.70 an ounce by 0606 GMT.

Gold miner Newcrest Mining Ltd was among the biggest gainers on the benchmark, climbing more than 2.0 per cent, according to a news agency report.

-SRS-
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