December 27, 2017 / 9:15 PM / a year ago

Australia shares set to make modest gains; NZ slips

    Dec 28 (Reuters) - Australian shares may gain marginally at
Thursday's opening, with higher metal prices and a muted
performance in Wall Street stocks.
    Benchmark copper         on the London Metal Exchange ended
up 1.6 percent at $7,239 a tonne, having touched $7,259, its
highest since January 2014. Meanwhile, aluminium prices        
rose 2.7 percent to $2,252 a tonne, their highest since March
    Gains in technology stocks offset losses in the energy
sector on Wall Street, in thin trade.     
    The local share price index futures          gained 2 points
to reach 6,024, a 45.9-point discount to the underlying S&P/ASX
200 index         close. The benchmark rose 0.2 points on
    New Zealand's benchmark S&P/NZX 50 index         fell
modestly in early trade, down as much as 0.1 percent as health
care and real estate stocks weighed on the index.

 (Reporting by Aaron Saldanha in Bengaluru; Editing by Hugh
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below