Reuters: Hot Stocks: Australia shares edge up; CBA, Telstra drop

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Australia shares edge up; CBA, Telstra drop Feb 17th 2013, 23:26 Tweet Share this Email Print Sun Feb 17, 2013 6:26pm EST SYDNEY, Feb 18 (Reuters) - Australian shares edged up 0.4 percent early on Monday morning, with mining majors gaining on hopes that top customer China will start buying after the Lunar New Year holidays. Commonwealth Bank of Australia and Telstra Corp Ltd dropped after going ex-dividend. Global miner BHP Billiton Climbed 0.8 percent, and major rival Rio Tinto Ltd gained 0.9 percent. Commonwealth Bank of Australia retreated 1.5 percent, while telecommunication giant Telstra Corp Ltd dropped 3.2 percent. Both companies went ex-dividend on Monday. The benchmark S&P/ASX 200 index climbed 20.5 points to 5,054.4 by 2319 GMT. The benchmark edged down 3 points to 5,033.9 on Friday, but rose 1.3 percent for the week, continuing the market's bull run for the fifth consecutive week. New Zealand's benchmark NZX 50 index rose 0.4 percent to 4,212.8. (Reporting by Maggie Lu Yueyang; Editing by Eric Meijer) 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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