After negative offshore leads and some lower prices of commodity, the Australian share market closed flat.

Figures reveal that Benchmark S&P/ASX200 index went down by 3.3 points, or an equivalent of 0.08 percent. It is now at 4,270.4 points. On the other hand, the broader All Ordinaries index eased about 4.2 points, equivalent to 0.1 percent, or 4,360.7 points.

It has also be revealed that the futures contract for June share price index went down by 10 points. It is now at 4,285 points with contracts traded reaching a total of 26,655.

With the news that the euro zone private sector activity falling more than was expected in March, the US and European stock markets also fell. Moreover, China’s manufacturing activity also fell. It is the country’s four-month low.

It can be noted that the biggest weight on the market was the resources stocks according to Craig Walker, private client adviser of RBS Morgan.

"If you take resources stocks out of equation, the market would have been well up," said Walker.

Other data include BHP Billiton that went down by 40 cents or 1.15 percent, the Rio Tinto also went down by 97 cents, while the Fortescue Metals Group lost 8 cents.

The Sands miner Iluka lost 55 cents, and gold miner Newcrest also dropped by 35 cents.

As for the price of gold in Sydney, every ounce costs US$1,642.90 from the previous price of US$1,649.90.

Going to another sector, a growth of 48 cents was recorded by Woodside while a fall of 13 cents was recorded by Santos.

Mr. Walker also stated that while bank stocks were okay, the healthcare sector has seen to have performed well.

CSL gained 54 cents and the Ramsay Health Care achieved 57 cents.