🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Australia shares extend gains as jobless rate hits 3-yr low; NZ edges down

Published 15/09/2016, 05:04 pm
© Reuters.  Australia shares extend gains as jobless rate hits 3-yr low; NZ edges down
AXJO
-
BHP
-
CBA
-
BHPB
-
STO
-
AXEJ
-
S32
-

(Updates to close)

Sept 15 (Reuters) - Australian shares rose for a second straight session on Thursday, boosted by financials, as data showed the jobless rate hit a three-year low in August. S&P/ASX 200 index .AXJO closed up 0.2 percent, or 12.21 points, at 5,239.9.

Financial stocks accounted for nearly half of the gains with Commonwealth Bank of Australia CBA.AX , Australia's biggest bank by market cap, closing 1.9 percent higher.

Mining giant BHP Billiton (LON:BLT) Ltd BHP.AX rose 1.4 percent, while South32 Ltd S32.AX , the world's biggest producer of manganese, surged more than 3 percent to close at its highest since May.

Gains were offset by falls in energy stocks .AXEJ . Oil major Santos Ltd STO.AX fell 2.9 percent, posting its eighth straight session of falls.

New Zealand's benchmark S&P/NZX 50 index .NZ50 ended lower for a sixth straight session, sliding 0.2 percent, or 14.48 points, to finish at 7,196.24.

Financial, telecom and healthcare stocks were the biggest drag.

Steel goods manufacturer Steel & Tube Ltd STU.NZ plunged over 7 percent in its sharpest percentage fall in 10 months, making it the biggest percentage loser on the index.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.