Reuters: Hot Stocks: Australia shares slip, New Zealand index at 5-year high

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Australia shares slip, New Zealand index at 5-year high Jan 7th 2013, 05:25 Tweet Share this Email Print Related Topics Basic Materials » Energy » Industrials » Mon Jan 7, 2013 12:25am EST (Updates to close) SYDNEY, Jan 7 (Reuters) - Australian shares slipped 0.1 percent on Monday, paring early gains as investors consolidated the recent rally on U.S. data showing a steady pace of jobs growth and brisk expansion in the services sector. Major banks ended the day moderately higher with Australia New Zealand Banking Group Ltd leading gains, up 0.6 percent. The Commonwealth Bank of Australia bucked the trend, dropping 1 percent after hitting an all-time high of A$63.70 during morning trade. The S&P/ASX 200 index was 6.5 points lower at 4,717.3, according to the latest data. It fell 16.9 points on Friday after reaching 19-month highs. New Zealand's benchmark NZX 50 index rose 0.2 percent to 4,084.8 to close at a 5-year high. (Reporting By Thuy Ong; Editing by Jacqueline Wong) 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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