The Australian share market has finished flat, with the mining sector and telcos among the bigger losers.
The All Ordinaries Index lost three points to close at 4,443, while the ASX 200 index also fell three points to 4,717.
The big miners BHP Billiton and Rio Tinto each fell around 0.1 per cent, while Fortescue Metals Group fell 1.9 per cent.
Rio had traded close to 1 per cent lower but its share price recovered after the company released its latest quarterly update, showing better results than had been predicted.
Rio says it achieved record iron ore production and shipments from its Pilbara operations last year.
It produced 199 million tonnes of iron ore during 2012 - a 4 per cent increase on the year before.
Rio's iron ore production for the December quarter was 52 million tonnes, 2 per cent up on the same period in 2011.
Telstra also weighed on the market as it fell 1.3 per cent.
There was a mixed performance from the big four banks, with Westpac falling 0.5 per cent and NAB 0.1 per cent, while the Commonwealth and ANZ each rose about 0.2 per cent.
Retailers were a bright spot for the market, led by a surge from surfwear company Billabong after it announced yet another takeover offer.
Billabong shares closed nearly 16 per cent higher at 98 cents after the offer from a US consortium led by private equity firm Altamont Capital Partners and VF Corporation.
Harvey Norman rallied 1.3 per cent, David Jones rose 0.1 per cent and rival Myer ended the day flat.
JB Hi-Fi was among one of the few disappointments in the retail sector and there were also overseas signs of the problems faced by shops selling hardcopy CDs and DVDs.
Global music retailer HMV announced it was suspending its shares on the London Stock Exchange and has called in Deloitte as administrators because the company's sales were not enough to meet its debt obligations.
More than 4,000 jobs are on the line, mostly in the UK but also in Hong Kong and Singapore.
HMV's last Australian store closed in 2010.
Shortly before 5pm (AEDT) the Australian dollar was buying around 105.52 US cents , 78.99 euro cents, 65.64 British pence and $NZ1.25.
West Texas crude oil was worth around $US94.10 a barrel and Tapis crude was selling for about $US116.60 a barrel.
Spot gold was around $US1,671.80 an ounce.