(Australian Associated Press)
The Australian share market has finished flat following a sluggish day amid more uncertainty over Brexit negotiations.
The benchmark S&P/ASX200 index finished Wednesday up 0.9 points, or 0.01 per cent, to 6,673.1 points , while the broader All Ordinaries was down 0.4 points, or 0.01 per cent, to 6,778.2 points.
With British Prime Minister Boris Johnson’s Brexit bill in limbo trading on the ASX was in a narrow range throughout the day.
Telecommunications shares were the biggest losers, falling 0.9 per cent, while property trusts the biggest gainers, rising 0.6 per cent.
No other sector moved more than 0.4 per cent.
WiseTech Global surged 8.5 per cent to $28.53 after resuming trading as it rejected all claims of financial impropriety and irregularity made by Beijing-based short sellers J Capital Research.
“We continue to strand strongly by our strategy, our technology and our business model, all of which together fuel significant growth and global expansion,” WiseTech founder and chief executive Richard White said.
The banking sector was mixed, with Westpac down 0.2 per cent to $28.91 after the bank increased its annual provision for customer remediation to just short of $1 billion.
NAB was down 0.5 per cent to $28.87, while ANZ gained 0.2 per cent to $27.89 and Commonwealth rose 0.4 per cent to $79.94.
In the mining sector, BHP rose a single cent to $35.40, Rio Tinto was up 0.4 per cent to $89.80 and Fortescue Metals rose 2.2 per cent to $8.71.
Furniture e-seller Temple & Webster Temple & Webster rose 3.3 per cent to $2.02 after announcing trading was up 45 per cent in the first few months of the 2020 fiscal year.
Kogan rose 1.0 per cent to $7.04 after the online retailer said its first-quarter profit increased by more than 28 per cent on the previous year.
Marijuana pharmaceutical company Botanix Pharmaceuticals fell 47.9 per cent to 12.5 cents after a clinical trial of its acne drug candidate showed mixed results.
The Aussie dollar is buying 68.46 US cents from 68.59 US cents on Tuesday.
ON THE ASX:
* The benchmark S&P/ASX200 index closed up 0.9 points, or 0.01 per cent, to 6,673.1 points
* The All Ordinaries closed down 0.4 points, or 0.01 per cent, to 6,778.2 points.
* The SPI200 futures index closed down one point, or 0.02 per cent, to 6,646
CURRENCY SNAPSHOT AT 1630 AEDT
One Australian dollar buys:
* 68.46 US cents, from 68.77 US cents on Tuesday
* 74.21 Japanese yen, from 74.68 yen
* 61.53 euro cents, from 61.65 cents
* 53.17 British pence, from 52.97 pence
* 106.94 NZ cents, from 106.96 cents.