ASX ends flat, CSL and Fortescue impress | Ralph-Lauren

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Australia’s share market closed little changed after giants CSL and Fortescue produced good earnings reports and helped offset a weak lead from the US.

The S&P/ASX200 benchmark index closed higher by 0.7 points, or 0.01 per cent, to 6885.9 on Thursday.

The All Ordinaries closed lower by 3.3 points, or 0.05 per cent, at 7155.5.

CSL gained 2.78 per cent to $289.00 after a 44 per cent increase in net profit after tax to $1.8 billion.

Fortescue rose 1.93 per cent to $24.88 and gave investors a fully franked interim dividend of $1.47 per share, which was 93 per cent higher than the previous interim payout.

The performances helped steady the market after Wall Street closed mostly lower.

The Aussie dollar was buying 77.54 US cents at 1618 AEDT, higher from 77.53 US cents at Wednesday’s close.



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