Australian shares flat as Iran uncertainty continues
Investors in Australian stocks remain skittish as volatility in the Middle East continues. -AAP Image
Australia's share market has ended the day roughly where it began, in a cautious session as the US and Iran exchanged strikes despite ongoing ceasefire negotiations.
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The S&P/ASX200 slipped 2.3 points on Monday, down 0.03 per cent, to 8,729.4, as the broader All Ordinaries rose 4.8 points, or 0.05 per cent, to 8,969.8.
Eight of 11 local sectors traded lower, while energy and materials stocks edged higher and IT stocks rocketed more than five per cent to four-month highs.
The Australian dollar is buying 71.88 US cents, up from 71.61 US cents on Friday at 5pm.
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