Australia shares rise, led by banks and defensive stocks

SYDNEY, Jan 16: Australian shares rallied 0.5 percent on Wednesday led by banks and defensive stocks after Wall Street posted modest gains on stronger-than-expected retail data.
The defensives sector helped lead the index higher, with blood products maker CSL Ltd surging 3.5 percent.
The S&P/ASX 200 index was 21.8 points higher to 4,738.4, hovering at 20-month highs, according to latest data. On Tuesday, the index slipped 0.1 percent to 4,716.6.
New Zealand’s benchmark NZX 50 index finished flat, down 1.7 points to 4,169.2.



Please enter your comment!
Please enter your name here