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

Business Insider Australia logo Business Insider Australia 13/02/2018 Chris Pash

Australian stocks closed higher.

Today’s scoreboard:

  • ASX200: 5,855.90 +35.20 +0.60%
  • All Ordinaries: 5,957.00 +37.30 +0.63%
  • AUD/USD: 0.7867 +0.0006 +0.08%

The local market bounced higher at the open, buoyed by surge on Wall Street where the S&P500 added 1.7% and the Dow Jones index 2%.

But the ASX then dipped again before regaining lost ground in late trade.

At the close, Rio Tinto was up 1.1% to $78.87 and BHP 1.1% to $29.90.

The banks ended in the green with the Commonwealth 0.5% higher at 76.30.

Among retailers, Myer was down 2.7% to $0.535 but JB Hi-Fi was up 2.1% to 26.42.

Toll road operator Transurban closed at $11.33, down just 0.18%, after posting a 280% rise in half year profit to $331 million.

Boral was down 2% to $7.28 after the construction materials company posted a 13% rise in profit to $173 million for the first half.

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