A choppy day of trading followed a pretty flat lead from US markets overnight. On the surface, a lacklustre day for the All Ordinaries, trading within a tight range, lacking conviction in either direction. There were however, some big moves in individual stocks, some earnings related as the season continues; WPL, IAG, TOL and OST to name a few. The energy sector was strong and Telecommunications weak due to Telstra taking some flack. After a couple of strong days early in the week it would be nice to see some strength return tomorrow following a breather for the market over the last two sessions.

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