Thursday, September 19, 2013

Reuters: Hot Stocks: Australia shares retreat but post sixth weekly gain

Reuters: Hot Stocks
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Australia shares retreat but post sixth weekly gain
Sep 20th 2013, 06:17

Fri Sep 20, 2013 2:17am EDT

SYDNEY, Sept 20 (Reuters) - Australian shares fell 0.4 percent on Friday, retreating from a five-year high hit the previous day as markets took a breather following a rally on the back of the U.S. Federal Reserve's decision to maintain its stimulus programme.

The S&P/ASX 200 index lost 18.9 points on the day to close at 5,276.7, but finished 1 percent higher for the week, a sixth consecutive week of gains.

New Zealand's benchmark NZX 50 index fell 0.5 percent or 22.7 points to 4,730.4. (Reporting by Thuy Ong; Editing by Chris Gallagher)

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