SYDNEY, AAP – Investors were staring at gains for just about the whole trading day on the Australian market but have nothing to show for it.

The ASX200 was higher by about half a per cent in the first couple of hours, but eased for the remainder of trade and closed flat.

Industrials shares were the top performers and rose by 0.86 per cent.

However the gains were offset by a slump in financial shares, which lost 0.43 per cent.

Property shares were the worst performer and shed 0.86 per cent.

The benchmark S&P/ASX200 index closed lower by 1.4 points, or 0.02 per cent, to 7332.1 on Tuesday.

The All Ordinaries closed higher by 7.3 points, or 0.1 per cent, to 7612.2.

The Australian dollar was buying 74.88 US cents at 1623 AEST, higher from 74.71 US cents at Monday’s close.