Australia’s share market has finished little changed after better than expected GDP figures prompted investors to revise their projections and sell stocks.
The S&P/ASX200 benchmark index closed up just 1.7 points, or 0.03 per cent, to 6590.2 on Wednesday.
The index fell to a session low of 6561.5 following news that Australia’s economy grew by 3.3 per cent in the September quarter and emerged from its first recession in almost 30 years.
Investors later pushed the index close to the levels it started the session.
The All Ordinaries closed down 0.9 points, or 0.01 per cent, to 6811.3.
The Aussie dollar was buying 73.67 US cents at 1628 AEDT, barely changed from 73.66 US cents at Tuesday’s close.