ASX flat at start of trading

The Australian share market has opened little changed after a mixed session on Wall Street overnight.

The benchmark S&P/ASX200 index was up 3.1 points, or 0.05 per cent, to 6,757.8 points at 1030 AEST on Tuesday, while the broader All Ordinaries was up 2.1 points, or 0.03 per cent, to 6,863.2 points.

Consumer discretionary shares led gains, collectively rising 0.34 per cent in the first half-hour of trading.

JB Hi-Fi was up 0.72 per cent, Corporate Travel was up 1.54 per cent and Webjet was up 4.64 per cent.

The tech, telecommunications, utilities, consumer staple, industrial and energy sectors started the day in negative territory.

Mining giant BHP was down 0.58 per cent to $37.40, Rio Tinto was up 0.39 per cent to $93.20 and Fortescue Metals was down 0.78 per cent to $8.91.

The big four banks were higher, with ANZ up 0.50 per cent to $28.07, Commonwealth up 0.54 per cent to $82.495, NAB up 0.44 per cent to $29.86 and Westpac up 0.54 per cent to $29.96.

Bendigo and Adelaide Bank was down 0.04 per cent, Bank of Queensland was up 0.26 per cent and Macquarie Group was up 0.43 per cent.

On Wall Street, the Dow Jones Industrial Average finished up 0.06 per cent, the S&P 500 was down 0.01 and the tech-heavy Nasdaq Composite was down 0.06 per cent.

The Aussie dollar is buying 67.78 US cents from 67.73 US cents on Monday.


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