Crown Resort shares rally in flat as a pan day

The S&P/ASX200 closed up just two points on Tuesday to 7,443, flat as a pan for the session, having yielded up an early rally, with IT stocks outperforming, following the NASDAQ’s run overnight.

Crown Resorts (CWN) stole the headlines with its let-you-off-this-time from the Victorian Royal Commission. Shares closed 7.8% higher after earlier hitting an eight-month high. Mineral Resources (MIN) slid over 7%, while Regis Resources (RRL) shed 6.1%, both diggers delivering uninspired quarterlies.

Over the last five days, the index has gained 0.9% and is loitering 2.5% off of its 12 month high.

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