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Australia shares up 0.3 pct; boosted by Westfield, Rio
Wednesday June 24, 06:31 PM
(Updates to provisional close)
MELBOURNE, June 24 (Reuters) - Australian shares edged back into positive ground to end up 0.3 percent on Wednesday, as shopping mall group Westfield (ASX: WDC.ax) jumped after fund managers regained confidence in real estate investment trusts.
The other main feature was a 3.8 percent rise in the price of rights RIOR.AX of a $15.2 billion sale of cheap shares by the market's second-largest miner, Rio Tinto Ltd (ASX: RIO.ax) .
Rio rose 2 percent to A$49.60 on the last day of trading in the rights.
The benchmark S&P/ASX 200 picked up 10.1 points to end at 3,807.0, according to the latest data, following a slide to a near four-week closing low on Tuesday.
New Zealand's benchmark NZX 50 index .NZ50 fell 0.8 percent to 2,739.8. (Reporting by Sonali Paul; Editing by Denny Thomas)
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