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Australia shares end slightly higher, NZ down

Published 17/11/2016, 05:31 pm
© Reuters.  Australia shares end slightly higher, NZ down
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(Updates to close)

Nov 17 (Reuters) - Australian shares closed marginally higher on Thursday, helped by telecom stocks.

The S&P/ASX 200 index .AXJO edged up 0.2 percent, or 10.828 points, to 5,338 at the close of trade.

Data showing creation of 9,000 jobs in October, compared with the forecast of more than 20,000, only had minimal impact. telecom sector .AXTJ rose 2.11 percent.

Telstra FPO TLS.AX was the sector's big gainer, rising 2.5 percent after the telecommunications giant said it expects a A$1 billion reduction in core fixed costs by fiscal year 2021. healthcare and utilities sectors also advanced. CSL Limited CSL.AX and Scentre Group SCG.AX were up 1.9 percent and 1.2 percent respectively.

Despite a sharp fall in iron ore prices, mining giant BHP Billiton (LON:BLT), BHP.AX edged up 0.3 percent on a positive outloook.

New Zealand's benchmark S&P/NZX 50 index .NZ50 ended 0.15 percent or 9.920 points lower at 6,814.660.

The index was primarily dragged down by material and healthcare stocks. Fletcher Building Ltd FBU.NZ and Fisher & Paykel Healthcare Corporation Ltd FPH.NZ down 2.7 percent and 2.6 percent respectively.

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