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

Day two of the First Test between Australia and New Zealand at The Gabba in Brisbane. Mark Kolbe/Getty Images

Australian stocks closed marginally higher for the day.

Here’s the scoreboard:

  • S&P ASX 200: 5,215.00 +22.03 +0.42%
  • All Ordinaries: 5,269.70 +21.82 +0.42%
  • AUD/USD: 0.7142 -0.0001 -0.01%

The local market see-sawed throughout the session, ending with seven out of ten sectors higher.

But for the week, the ASX 200 lost 0.46%.

For much of the day the banks traded lower but closed in better shape with only the ANZ, trading ex dividend, in negative territory, losing 2.2% to $25.96. Westpac was up 1.5% to $31.59.

BHP was sold down hard, losing more than 5%, after a mine disaster in Brazil. The world’s biggest miner recovered some lost ground to close at $22.70, down 2.5%.

Credit Corp shares added another 11.5% today to close at $10.430. It gained 12% yesterday after the debt collector increased its profit guidance.

The top stories Friday:

1. Fighting back. Asciano shares soared today after Canada’s Brookfield Infrastructure, which has a $8.9 billion takeover bid on the table for the logistics company, made an on market counterstrike against Qube overnight. Asciano shares were up 8% to $8.95. Qube was down more than 2% to $2.28

2. Property signals. This is why auction clearance rates are so important for house prices. Also see: Just how nuts investor borrowing in has become.

3. Interest rates. The RBA says they can fall again.

4. CHARTS: Australians are the best fruit and veg eaters in the world.

5. Great places to work. This Melbourne building is designed to be the healthiest workplace in the world.

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