AUSTRALIAN STOCKS ON HOLD: Here's what you need to know

File photo of the Beer Can Boat Race at Mindil Beach in Darwin. Helen Orr/Getty Images

Australian stocks closed marginally lower.

Today’s scoreboard:

  • ASX200: 6,021.80 -7.57 -0.13%
  • All Ordinaries: 6,097.20 -7.07 -0.12%
  • AUD/USD: 0.7661 0.0000 0.00%

The local market dipped but maintained its position above the key 6000 mark on the ASX200.

ANZ and Westpac, which went ex-dividend, were the main weight on the market. The ANZ dropped 2.7% to close at $29.51 and Westpac fell 2.3% to $32.45.

Among resources companies, Rio Tinto was up 1.1% to $73.75 But Woodside Petroleum was down 1% to $32.24.

Share market software group IRESS was down 4.9% to $10.95 after warning of softer full year profit of between $123 million and $128 million.

Real estate agents McGrath close 3.8% higher at $0.54 on reports founder John McGrath could be planning on taking the group private.

Top stories:

1. The weakness in Sydney’s housing market is spreading. Like Sydney before it, there are also signs that Melbourne’s once red-hot housing market is also starting to cool.

2. How Amazon retail will work in Australia. Monthly fees and commission of up to 15%.

3. One Nation’s latest. Its newest Senator lasted less than an hour in parliament before abandoning the party.

4. Elders is paying its first dividend in nearly a decade. Agribusiness Elders has announced a statutory net profit after tax of $116 million of the year ended September 30, up from $51.6 million in 2016. Its shares jumped 7.9% to close at $5.60.

5. Australian politicians have until December 1 to reveal if they’re dual citizens. The Coalition and Labor have struck a deal for all MPs and senators to provide details of the citizenship status.

6. Malcolm Turnbull’s poll numbers just keep getting worse. He’s now close to losing one of the last things in his favour.

7. Australian scientists just made the country’s first entirely home-grown carbon fibre. This means Australia’s manufacturing industry is set to get a massive boost — making material to be used in everything from bicycles and tennis rackets, to satellites and fighter planes.

8. Domino’s is now using artificial intelligence to check pizza quality. Domino’s will officially be the first pizza chain to install Dragontail Systems’ artificial intelligence QT camera system. Domino’s shares were 2% higher today at $47.50.

9. NZ makes the refugees offer again. PM Jacinda Ardern will reopen Manus Island refugees negotiations with Malcolm Turnbull.

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