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Australia shares rise for first day in four; NZ falls for third day

Published 08/06/2017, 04:35 pm
Updated 08/06/2017, 04:40 pm
© Reuters.  Australia shares rise for first day in four; NZ falls for third day
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(Updates to close)

June 8 (Reuters) - Australian shares inched higher on Thursday, snapping a three-day losing streak, as gains in financials and healthcare sectors slightly outweighed losses in other counters.

The S&P/ASX 200 index .AXJO ended up 0.2 percent, or 9.428 points, to 5,676.6.

Investors shrugged of trade data that showed Australia's trade surplus in April shrank 82 percent to A$555 million ($418.97 million), falling far behind the forecasted A$1.95 billion surplus. on the index were led by a rise between 0.7 percent and 1.1 percent in the 'Big 4' banks and a 3.1 percent rise in healthcare stock CSL Ltd CSL.AX .

Miners BHP BHP.AX , Rio Tinto (LON:RIO) RIO.AX and Fortescue Metals FMG.AX were up between 0.4 percent and 0.7 percent. MET/L

Miners were lifted by Chinese data showing that it imported 91.52 million tonnes of iron ore in May, up 11.3 percent from the previous month. China is Australia's biggest trading partner. the other hand, a dip in gold prices led to a slide in gold stocks with Newcrest Mining NCM.AX falling 0.7 percent.

Telecom stock Telstra TLS.AX contributed most to the decline on the benchmark, down 1.4 percent, while industrial Sydney Airport SYD.AX ended 2.3 percent lower.

Oil and gas producer Woodside Petroleum WPL.AX also lost 1.6 percent.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 9.24 points, or 0.124 percent, to finish 7,458.66, logging its third straight day of declines.

Sanford Ltd SAN.NZ lost the most on the index, down 2.3 percent, while Auckland International Airport AIA.NZ was the biggest drag, losing 1.4 percent.

Gains on the index were led by Sky Network Television SKT.NZ , which rose 2.7 percent.

($1 = 1.3247 Australian dollars)

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