PERTH: Australian shares edged to a fresh seven-year closing high on Wednesday as rises in oil and metals prices prompted investors to overlook another mixed bag of company earnings and buy resources stocks.
The S&P/ASX 200 index rise 0.3%, or 17.9 points, to 5944.9 at the close of trade, its third straight day of gains.
New Zealand’s benchmark NZX 50 index also surged to a record high amid an upbeat reporting season, gaining 2.1%, or 119.3 points, to finish the session at 5842.3. – Reuters, February 25, 2015.
