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AUSTRALIAN STOCKS LIFT: Here's what you need to know

Business Insider Australia logo Business Insider Australia 19/06/2017 Chris Pash

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Australian stocks closed higher. 

Today’s scoreboard:

-ASX 200: 5,805.20 +31.17 +0.54%

-All Ordinaries: 5,835.50 +27.45 +0.47%

-AUD/USD: 0.7613 -0.0008 -0.10%

The local market gained ground at the start of a new week, adding to the 1.7% gain of last week, pushing the ASX200 through the key 5800 mark.

The banks carried the market higher with the NAB adding 1.4% to $30.27 and Westpac 1.1% to $30.88.

Retail shares took a hit after Amazon announced the purchase of a bricks and mortar grocery chain.

Myer lost 2.1% to $0.89, Harvey Norman 3% to $3.78 and JB Hi-Fi 2.7% to $22.67.

Southern Cross Media was up 55% to $1.23 after a broker upgrade.

And a2 Milk rose 6.5% to 4$3.93, also on an upgrade.


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