Australia: Shares flat, New Zealand rises on company results

Australian shares were flat on Thursday, trading largely in response to company results and outlook, with falls in energy and commodities stocks offset by retailers' gains, while New Zealand shares rose, pushing the index near record highs.

The S&P/ASX 200 index ticked 3 points lower to 5,558.6 by 0306 GMT, a fall of 0.05 per cent.

"I don't really think there's really a catalyst in the market at the moment," said Mathan Somasundaram, a quant strategy researcher at stockbroker Baillieu Holst.

"People are waiting for guidance because the market lacks any real sentiment to go in either direction," he said, adding that traders will closely follow Federal Reserve Chair Janet Yellen's speech to a global central bankers' gathering in Jackson Hole on Friday.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg