Australian stocks end 0.25% higher, S&P 200 increases by 13.6pts

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SYDNEY: The Australian stocks ended 0.25 percent higher as US growth figures boost up market sentiment, while the declining iron ore value weighed on smaller miners.
At today’s official 2:30pm (AEDT) market close, the benchmark S & P/ASX200 index up 13.6 points, or 0.25 per cent, at 5,549.9 points, while the broader All Ordinaries index firmed 13.1 points, or 0.24 per cent, to 5,369.5 points.
Activity in the local sharemarket was somewhat subdued heading into the Christmas break, as investors close the book on another year.
Global headwinds have made conditions very volatile for the local bourse. A pre-Christmas rally on Wall Street has contributed to positive market sentiment, but oil’s fluctuating fortunes and a tumbling iron ore price have been felt acutely by energy and material stocks.