Stocks lower to start week

AUSTRALIAN stocks started the week on a negative note today, though an afternoon rally made up for most of the market’s earlier losses.

After opening at 5545.3 points, the S&P/ASX 200 index fell as low as 5492.1 points early in trade before bouncing back somewhat during the afternoon to close 0.1% or 6.4 points lower at 5538.