Sunday, February 24, 2013

Reuters: Hot Stocks: Australia close up 0.8 pct on strong financial and retail stocks

Reuters: Hot Stocks
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Australia close up 0.8 pct on strong financial and retail stocks
Feb 25th 2013, 05:30

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Mon Feb 25, 2013 12:30am EST

  (Updates to close)      SYDNEY, Feb 25 (Reuters) - Australian shares rose 0.8  percent on Monday, ending off their highs after a survey showed  a pull-back in China's factory activity, but strong financial  and retail stocks kept the index near a 4-1/2 year peak hit last  week.       The benchmark S&P/ASX 200 index gained 37.7 points  to 5,055.8, according to the latest data. The index rose 0.8  percent on Friday, but lost 0.3 percent last week.       New Zealand's benchmark NZX 50 index rose 0.3  percent to 4,226.4.     (Reporting by Maggie Lu Yueyang; Editing by Richard Borsuk)  

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