Reuters Finance News, Australia
Marketplace
Reuters New Media Australia shares climb on bargain hunting
Monday February 8, 2010, 10:22 am

(Updates to opening)

MELBOURNE, Feb 8 (Reuters) - Australian stocks rose 0.6 percent in early trade on Monday, bouncing off a three-month low, as investors picked up bargains in resources companies, defying weaker oil and metals prices.

The benchmark S&P/ASX 200 index .AXJO was up 25.5 points at 4,539.6 at 2313 GMT.

New Zealand's benchmark NZX 50 index .NZ50 inched up 3 points to 3,108. (Reporting by Sonali Paul; Editing by Denny Thomas)

  •   

    • Next article:Australia shares up on bargain hunting; JB Hi-Fi slides
    Previous article:Australia shares seen falling on weaker resources


    Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help

    Partner Copyright:
    Reuters
    Copyright © 2010 Reuters. All rights reserved.