Reuters: Hot Stocks: Australia shares post modest gains, defensives fall

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares post modest gains, defensives fall Jul 18th 2013, 06:13 Thu Jul 18, 2013 2:13am EDT SYDNEY, July 18 (Reuters) - Australian shares edged 0.2 percent higher on Thursday after U.S. Federal Reserve Chairman Ben Bernanke said the timeline for winding down stimulus was not set in stone, but losses in defensive stocks capped gains. The S&P/ASX 200 index rose 10.5 points to finish the session at 4,993.4. The benchmark slipped 0.1 percent on Wednesday. New Zealand's benchmark NZX 50 index fell 0.3 percent or 15.6 points to finish the session at 4,563.4. (Reporting by Thuy Ong; Editing by Jeremy Laurence)

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