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Australia : Shares crawl up, aided by miners, takeover offer

May 26, 2014



Australian shares finished 0.4 per cent higher on Monday, bolstered by a pick-up in resource stocks on improved risk appetites and a US$1 billion takeover offer for standards compliance business SAI Global Ltd.

The S&P/ASX 200 index rose 20.01 points to 5,512.8 at the close of trade. The benchmark added 0.2 per cent on Friday and gained 0.3 per cent last week, its third consecutive week of gains.

New Zealand's benchmark NZX 50 index rose 2.3 points, or less than 0.1 per cent, to end the session at 5,153.7.


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Source: TendersInfo (India)


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