Despite a strong start, the Australian share market lost all its momentum throughout the day as investors traded cautiously.
- The ASX 200 rose in early trade but falls for the big four banks saw it reverse course
- Suncorp shares surged after it reported increased net profit, despite cash earnings declining
- Overnight, the Nasdaq hit a record high and the Dow Jones and S&P 500 made modest gains
The ASX 200 slipped by 0.1 per cent to close at 6,111…