Australian stocks closed marginally higher.
- ASX 200: 5,905.60 +7.99 +0.14%
- All Ordinaries: 5,972.70 +10.19 +0.17%
- AUD/USD: 0.7721 -0.0055 -0.71%
The local market again drifted to a flat close, its nose just in positive territory and the ASX200 still holding above the key 5900 mark.
BHP was up 1% to $26.82 and Rio Tinto 0.3% to $69.64. The banks were mixed the NAB 0.5% higher at $32.65 and Westpac 0.15% to $33.34.
Starpharma was up 4.4% to $1.40 after getting approval from the Therapeutic Goods Administration for its anti-bacterial VivaGel product.
Property group Stockland was up 3% to $4.47 after a strong first quarter update.
2. Freelancer opens its escrow system to developers. The release of the API means websites, marketplaces, classifieds sites, shopping carts, and mobile apps can enjoy the same protection of Escrow.com. Freelancer shares closed 7.1% higher at $0.60.
3. An apartment glut is expected to drag prices down by between 4% and 7%. Details for each city from the QBE Australian Housing Outlook 2017-20 report.
4. Coles is still lagging Woolworths. Headline food and liquor sales for the first quarter were $7.97 billion, up 1.5% on the same three months last year. Also read: Bunnings smashes it again. Wesfarmers shares dropped 2.9% to close at $41.49.
5. Everything you need to know about sparkling wine. As the weather gets warmer, you might be craving a lighter wine than the heavy reds of winter.
6. Australian scientists have built the fastest blockchain technology. The latest test of the University of Sydney’s Red Belly Blockchain shows it can process financial transactions 50% faster than first anticipated.
7. Australia’s healthiest, and unhealthiest, executives. Analysis of the health assessments of 30,000 people has determined which industries have the healthiest executives in Australia.
8. How to win an argument. Even when you’re wrong.