Holding on

The RBA's decision to keep rates on hold sent the S&P/ASX 200 0.2% lower to 8,848.80 points this Tuesday, despite a positive start. 

The central bank cited a slowing decline in underlying inflation, while noting that domestic economic activity is recovering, which sent the Aussie in the other direction, climbing to 0.66 on the US dollar. 

On the local market, the miners advanced, with gold once again snatching a record high. Newmont was 2.3% lower however, on news its CEO Tom Palmer is retiring.

Meanwhile, CSL will change its CFO next week, with Joy Linton stepping down, and being replaced by Ken Lim, the current Chief Strategy Officer.

Elsewhere, the energy sector was in the red as a new possibility of a ceasefire in the Middle-East sent oil prices lower. 

And in M&A news, Seven West Media and Southern Cross Media are merging, anticipating between $25 and $30 million in annual pre-tax cost synergies. Both stocks made some solid gains during the session.