Comment on AUSTRALIAN STOCKS GO NOWHERE: Here's what you need to know

AUSTRALIAN STOCKS GO NOWHERE: Here's what you need to know

Australian stocks closed marginally higher. Today’s scoreboard: ASX 200: 5,769.00 +8.81 +0.15% All Ordinaries: 5,811.50 +8.71 +0.15% AUD/USD: 0.7457 -0.0023 -0.31% The local market coasted, neither falling nor rising for most of the session. Fortescue Metals dipped 5% to $5.01 and Rio Tinto was down 1.3% to $63.88. Most of the smaller financials gained ground. AMP was up 1.3% to $5.17, Macquarie 0.7% to $88.85 and Bank of Queensland 0.8% to $11.46. The big banks were mixed with Westpac down 0.7% to $30.55 and the Commonwealth up 0.07% to $81.00. Arden Leisure was up 1.4% to $2.08 after releasing a review showing it was considering rezoning parts of the Dreamworld theme park on the Gold Coast to unlock value. ALS was up 13% to $6.60 after the testing, inspection and certification business posted a full year profit of $81.6 million compared with a net loss of $240.7 million last year. The top stories: 1.

 

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