Australian stockmarket up as oil and iron ore prices rise THE stockmarket remained higher after it hit a two-week peak early today as a rise in iron ore and oil prices, combined with a weaker Australian dollar, supported resources stocks. At 11.15am AEST the benchmark S&P/ASX 200 was up 0.4 per cent at 4833.0. It earlier rose to 4844.8, its highest point since June 5.