Reuters: Hot Stocks: Australia shares drift; miners up, banks unwind gains

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Australia shares drift; miners up, banks unwind gains Jan 29th 2013, 23:22 Tweet Share this Email Print Tue Jan 29, 2013 6:22pm EST MELBOURNE, Jan 30 (Reuters) - Australian shares drifted on Wednesday as banks gave up some recent gains, but top miners climbed on firmer copper prices after China's top think tank raised its economic growth forecast for 2013.. The benchmark S&P/ASX 200 index was down 1.3 points at 4,887.7 by 2315 GMT. On Tuesday, it rose 1.1 percent, or 53.8 points, to its highest since April 2011. New Zealand's benchmark NZX 50 index rose 0.4 percent to 4,218.9. Top miner BHP Billiton rose 0.9 percent while banks declined, led by a loss of 0.8 percent in National Australia Bank. Supermarkets-to-hardware retailer Wesfarmers slipped 0.8 percent to A$38.53 after it said same-store December quarter sales at its Coles supermarket chain rose 3.9 percent from a year earlier, a touch softer than analyst forecasts. (Reporting by Miranda Maxwell; Editing by Richard Pullin) 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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