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Australia Stocks eke out marginal gains

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Australian closed marginally higher after fluctuating in and out of the boundary line on Tuesday, 16 May 2017, as strength in resource stocks lifted by recovering commodity and metal prices were more than offset by weakness in bank stocks after National Bank traded ex-dividend.

The S&P/ASX 200 index perked up 0.2%, or 12.098 points, to 5,850.5 at the close of trade. For the day, 2.13 billion shares were traded with a value of A$6.77 billion.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 17:17 IST