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A$30.58 0.8  2.6%

Last Trade - 29/05/20

Sector
Basic Materials
Size
Large Cap
Market Cap £12.64bn
Enterprise Value £13.79bn
Revenue £3.09bn
Position in Universe 19th / 1842

Australian shares end lower on mining, energy stocks; NZ at all-time high

Mon 23rd December, 2019 6:16am
* ASX volumes lowest since early Oct in pre-Christmas trade
    * Bega Cheese hits near 2-month high on maintaining FY
outlook
    * Restaurant Brands NZ at record high, buys 70 KFC stores in
USA

 (Updates to close)
    Dec 23 (Reuters) - Australian shares declined in thin trade
on Monday as mining stocks retreated after a run of strong gains
and lower oil prices weighed on the energy sector.
    The S&P/ASX 200 index  .AXJO  closed down 0.5%, or 31.20
points, at 6,785.10, with volumes at their lowest level since
early October. The benchmark slipped 0.3% on Friday.    
    The metals and mining sub-index  .AXMM  fell 1.3%, after
clocking two straight weeks of gains.  
    BHP Group Ltd  BHP.AX , the world's biggest miner, fell
1.3%, while rival Rio Tinto Ltd  RIO.AX  lost 1.8%. Australia's
No. 3 iron ore miner Fortescue Metals Group Ltd  FMG.AX 
declined 1.2%. 
    Gold stocks  .AXGD  lost 0.8% as investors booked profits
after a recent rally. The index rose 3.5% last week, clocking
its best weekly gain since late September. 
    Sector heavyweight Newcrest Mining Ltd  NCM.AX  slipped
0.7%, while smaller peer Saracen Mineral Holdings Ltd  SAR.AX 
fell 3.6%. 
    Shares of Northern Star Resources Ltd  NST.AX  closed down
0.8%, after falling up to 3.5% during the session. 
    Northern Star said it was aware of proceedings filed against
some of its units over a joint venture agreement dispute. It
said the proceedings were not material and would be defended.
 urn:newsml:reuters.com:*:nFWN28V00L
    Oil and gas companies Woodside Petroleum Ltd  WPL.AX  and
Oil Search Ltd  OSH.AX  lost 0.3% and 1.2%, respectively, as
crude prices slipped.  O/R 
    Dairy products maker Bega Cheese Ltd  BGA.AX  hit a near
two-month high and was the biggest gainer on the bourse after it
maintained its fiscal 2020 earnings outlook.  urn:newsml:reuters.com:*:nL4N28X15Z 
    Outside the main index, rare earths developer Arafura
Resources Ltd  ARU.AX  ended up 3.5% after it said it struck a
preliminary deal with a U.S. company for the latter to process
its rare earths product. 
    The ASX is set to close early on Tuesday and will remain
closed for two days from Wednesday for Christmas and Boxing day.
    New Zealand's benchmark S&P/NZX 50 index  .NZ50  rose 0.6%,
or 64.94 points, to finish the session at an all-time high of
11,547.23. 
    Restaurant Brands New Zealand Ltd  RBD.NZ  firmed 6.5% to a
record close and was the best performer on the benchmark after
the food retailer said it would buy 70 stores of KFC U.S.
franchisee in Southern California.  urn:newsml:reuters.com:*:nL4N28W0JS

 (Reporting by Niyati Shetty in Bengaluru; Editing by Aditya
Soni)
 ((Niyati.N.Shetty@thomsonreuters.com; +918067497199;))
 
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