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Australia shares finish near 1-month highs; NZ up

2017-05-05T055530Z_1526078136_RC1707834680_RTRMADP_3_AUSTRALIA-STOCKS.jpg

[BENGALURU] Australian shares ended broadly firmer for a fourth straight session on Wednesday, tracking record highs on Wall Street that was helped by a rebound in technology stocks.

The S&P/ASX 200 index rose 1.1 per cent, or 61.13 points, to 5,833.9, its highest close in a month.

The benchmark added 1.7 per cent on Tuesday in its best day in seven months.

Investors are awaiting clarity on the future path of US monetary policy from a two-day Federal Reserve meeting where it is widely expected to raise rates. The central bank is due to announce its monetary policy decision at 1800 GMT.

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Financials stocks were the top gainers, with Commonwealth Bank of Australia, the biggest by market value, rising 1.4 per cent.

CBA's 'Big Four' peers rose in a range of 0.6 per cent to 1.7 per cent.

Gold stocks guided the metals and miners index higher, while mining giants BHP and Rio Tinto held steady.

New Zealand's benchmark S&P/NZX 50 index closed up 0.6 per cent, or 43.91 points, at 7,483.99.

Fisher & Pay Healthcare Corp and Spark New Zealand were the biggest gainers on the benchmark by weight, adding 1.7 per cent and 1.4 per cent, respectively.

REUTERS

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