The Australian stockmarket edged higher today after a strong lead from international shares overnight.
The sectors closed mixed on the day; IT and energy stocks gained the most ground, with consumer staples and telcos the hardest hit.
The banking majors finished stronger; NAB was standout performer, adding 2.2%.
The big miners advanced on the day after most commodities’ enjoyed a price increase overnight; Rio Tinto and BHP rose 1.7% and 0.3% respectively.
Grange Resources put on 2% after announcing that it wants to sell at least a 30% interest in its $2.57 billion Southdown iron ore project in Western Australia.
Consolidated Media Holdings jumped 9.7% after receiving a $3.50 share conational takeover offer from News Corporation.
The ASX 200 climbed nine points (+0.2%) to settle at 4132.