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Australian share market has dipped modestly

ASX MARKET RECOVERY

The Australian share market has dipped modestly for a second day as oil prices slid, even as a surging trade surplus bolstered the mining sector.

The S&P/ASX200 benchmark index finished Thursday down 20.4 points, or 0.38 per cent, to 5,364.2, while the All Ordinaries index was down 14.9 points, or 0.27 per cent, at 5,449.9.

ON THE ASX:

* The benchmark S&P/ASX200 index closed Thursday down 20.4 points, or 0.38 per cent, at 5,364.2 points

* The All Ordinaries closed down 14.9 points, or 0.27 per cent, at 5,449.9 points

* At 1734 AEST, the SPI200 futures index was up 10 points, or 0.19 per cent, at 5,378 points

CURRENCY SNAPSHOT:

One Australian dollar buys:

* 64.54 US cents, from 64.45 US cents on Wednesday

* 68.64 Japanese yen, from 68.51 yen

* 59.74 euro cents, from 59.52 cents

* 52.10 British pence, from 51.78 pence

* 106.77 NZ cents, from 106.31 cents.

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