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May 24 (Reuters) - Australian shares pared early gains to end marginally higher on Wednesday, underpinned by industrial and consumer stocks.
The S&P/ASX 200 index .AXJO closed up 0.2 percent, or 8.809 points, at 5,769.
Biopharmaceutical company CSL Ltd CSL.AX was the top gainer, up 1.4 percent.
CSL was followed by testing services provider, ALS Ltd ALQ.AX which rose to its highest in 2-1/2 years.
The company earlier in the day reported an after tax profit in fiscal 2017, a turnaround from a loss a year ago. top loser on the index was Sigma Healthcare SIG.AX , which slumped 31 percent -- its biggest intraday percentage fall in over seven years -- after it said it had decided to commence legal proceedings against Chemist Warehouse Group for breach of an agreement. company said the cost of the legal proceedings might decrease its current year core earnings by 5 percent.
Other decliners included Rio Tinto (LON:RIO) RIO.AX and South32 S32.AX , which slipped after China's iron ore futures fell more than 5 percent on Wednesday, the steepest single-day drop in more than two weeks. IRONORE/
Financials .AXFJ were off 0.02 percent, with three of the 'Big Four' down. Commonwealth Bank of Australia CBA.AX ended flat.
The gold index .AXGD fell 3.65 percent.
New Zealand's benchmark S&P/NZX 50 index .NZ50 gained 0.502 percent, or 37.08 points, to finish at 7,421.78.
Fisher & Paykel Healthcare Corp Ltd FPH.NZ was the top performer on the index, advancing 1.5 percent, followed by energy retailer Contact Energy CEN.NZ .