AUSTRALIAN STOCKS HIT 5900 ON THE ASX200 : Here's what you need to know

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Australian stocks hit their eighth positive trading day in a row.

Today’s scoreboard:

  • ASX 200: 5,907.00 +10.87 +0.18%
  • All Ordinaries: 5,968.60 +8.83 +0.15%
  • AUD/USD: 0.7845 -0.0034 -0.43%

The local market closed the five days of trading by just crossing the 5900 mark on the ASX200 and gaining 1.6% over the week.

Today most of the banks were in positive territory with the NAB 0.25% higher at $32.46.

Among the miners, BHP was 0.4% higher at $26.68 and Woodside Petroleum 0.3% to $29.36.

Manchester company Adairs was down 2.2% to $1.53 after agreeing to pay an infringement notice related to alleged breaches of continuous disclosure rules.

Gaming machine maker Aristocrat was up 1.6% to $22.90 after getting regulatory approval to buy Israeli-based social gaming company Plarium Global.

Top stories:

1. BANK INQUIRY: CBA’s board of directors ‘failed its duty’ over the money laundering scandal.

2. The budgets of Australian mortgage holders. Here’s how RBA rate hikes would hit home.

3. MGC Pharmaceuticals signs a $40 million cannabis deal. MGC Pharmaceuticals says its 51%-owned MGC Derma has signed an agreement with Varm Cosmo Inc of South Korea to supply five cannabidiol cosmetic products in bulk. Its shares doubled to $0.076.

4. DOMINO’S DATA BREACH: CEO says online ratings system leaked customers’ info.

5. Fighting money laundering. The NAB has put a $5000 cash limit on its ATM deposits.

6. What’s next for the Kiwis. Here’s what Jacinda Arden plans to do as New Zealand’s surprise prime minister.

7. The good jobs. Australian businesses are reporting greater difficulty in finding suitably skilled staff.

8. The weekend is here. The meteoric rise of craft beer in Australia.

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