You are here

Australia: Shares edge higher, NZ shares fall for first time in 12 sessions

Wednesday, March 16, 2016 - 14:08

31219886 - 04_04_2014 - shane5.jpg

[SYDNEY] Australian shares edged up 0.15 per cent on Wednesday, rebounding slightly from their biggest one-day loss per centage in three weeks in the previous session, drawing support from stronger financial stocks and despite weakness in resources.

The S&P/ASX 200 index rose 7.58 points to 5,119 at the close of trade. The benchmark fell 1.4 per cent on Tuesday.

New Zealand's benchmark S&P/NZX 50 index fell 0.23 per cent or 14.86 points to finish the session at 6,562.96. The benchmark closed up 0.17 per cent on Tuesday after hitting a record high of 6,607.86, the 12th consecutive daily gain and the longest rally since October, 2015.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom