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Australia shares close higher, buoyed by better earnings results

Published 11/02/2016, 04:46 pm
Updated 11/02/2016, 04:50 pm
© Reuters.  Australia shares close higher, buoyed by better earnings results
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MELBOURNE, Feb 11 (Reuters) - Australian shares rose 0.95 percent on Thursday as some better earnings results helped brighten the mood after a couple of days of punishing selling. S&P/ASX 200 index .AXJO was 4,821.1 at the close of trade, up 45.42 points. The benchmark fell 1.3 percent on Wednesday.

Helping on Thursday was a bumper profit report from hearing device maker Cochlear Ltd COH.AX which surged 9.65 percent to an all-time high. It also raised forecasts for the year on the back of strong China sales and new U.S. customers.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.54 percent or 32.47 points to finish the session at 5,987.020

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