The Business Times

Australia: Stronger miners help lift bourse at close

Published Wed, Aug 17, 2016 · 06:36 AM

[SYDNEY] Australian shares ended slightly higher on Wednesday with the help of a firmer mining sector.

The S&P/ASX 200 index rose 0.05 per cent, or 3 points, to finish at 5,535.

Mining giant BHP Billiton added 3.2 per cent, while Rio Tinto rose 2.2 per cent.

Both stocks have underperformed the market in the past 12 months, but have managed to outperform the bourse for the year to date.

New Zealand's benchmark S&P/NZX 50 index ended 0.6 per cent, or 44.35 points higher, to finish the session at 7,355.

REUTERS

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here