August 18 (Reuters) - Australian shares rose on Wednesday as
a handful of upbeat earnings reports offset a sharp drop in
miner BHP after it announced the sale of its petroleum assets to
The S&P/ASX 200 inched 0.1% higher to 7,522.7 points
by 0100 GMT. The benchmark closed 0.9% lower on Tuesday.
Financials were up over 1%, with the "big four"
banks gaining between 0.5% and 1.7%.
Leading gains on the benchmark was Domino's Pizza
Enterprises, which rose as much as 4.3% to a record
high after a near 33% surge in annual profit.
Payment solutions firm EML Payments jumped as much
as 5.9% after it reported a 60% surge in fiscal 2021 revenue and
forecast 2022 sales to rise further.
A near 7% slide in BHP offset those gains after the
miner announced the sale of its petroleum business to Woodside
Petroleum on Tuesday.
BHP was on track for its worst day since May 2020, while
Woodside also slid more than 4%.
A subindex of miners shed over 2% and extended
losses to a fourth consecutive session, weighed down by BHP as
well as a dip in commodity prices
New Zealand's benchmark S&P/NZX 50 rose 0.6% to
12,712.28 points, despite the government's decision to impose a
week-long lockdown on Tuesday to halt the potential spread of
the Delta coronavirus variant.
Healthcare products distributor EBOS Group rose
3.5% on the back of a jump in annual profit.
(Reporting by Tejaswi Marthi in Bengaluru; Editing by Krishna