Reuters: Hot Stocks: Australia shares rise near 17-mth high led by resource sector

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Australia shares rise near 17-mth high led by resource sector Dec 12th 2012, 05:27 Tweet Share this Email Print Related Topics Basic Materials » Cyclical Consumer Goods » Energy » Wed Dec 12, 2012 12:27am EST (Updates to close) CANBERRA, Dec 12 (Reuters) - Australian shares neared a 17-month high on Wednesday, as the resource sector rose on higher commodities prices. Top miner BHP Billiton Ltd climbed almost 1 percent after it said it would sell its interest in the Browse liquefied natural gas project to PetroChina International Investment (Australia) Pty Ltd for $1.63 billion. The S&P/ASX 200 index rose inched up 0.2 percent, or 7.8 points, to 4,583.8, extending gains into a fourth straight session. The benchmark climbed 0.4 percent to a seven-week high on Tuesday. New Zealand's benchmark NZX 50 index was down 0.8 percent at 3,995.3. (Reporting By Maggie Lu Yueyang; Editing by Simon Cameron-Moore) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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