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Australian stocks record 7yrs high at close, S&P 200 climbs 0.3%

Australian stocks record 7yrs high at close, S&P 200 climbs 0.3%

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.