You are here

Australia: Shares recoup losses as miners rally


[MELBOURNE] Australian shares clawed back most of their losses on Friday to end almost unchanged, thanks to a late rally in mining stocks which offset losses in heavyweight banks and consumer stocks.

The S&P/ASX 200 index cut losses to end at 4,976.2 points at the close of trade, maintaining gains as prices recovered from two-week lows hit on Wednesday.

The benchmark fell just 0.08 per cent on Friday.

New Zealand's benchmark S&P/NZX 50 index edged up 0.26 per cent or 16 points to finish the session at 6,153.80.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to