Our market made gains on the open and proceeded to give it all up and more resulting in a very soft effort. The XJO closed down 5.3 points whilst the All Ordinaries finished down 3.2. Sectors were a mixed bag. The Information Technology sector was the shining light of those ending in positive territory, closing up 1.3%. Of those suffering to the downside, Energy and Health fared worst, down 0.8 and 0.7% respectively. The Australian Dollar also gave up initial gains and is at 1.0174 at the time of writing. This may have been influenced by the RBA leaving interest rates on hold again. The cash rate remains at 4.75%, where it has been since Melbourne Cup day last year.