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SYDNEY: Australian shares bucked a poor performance by Wall Street to edge 0.6 percent higher on Thursday, aided by a hunt for dividend yield and more merger action.

The S&P/ASX 200 index rose to 4976.20 at the close of trade. The benchmark gained 0.6 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index was stable, gaining 0.12 percent or 7.8 points to finish the session at 6,149.70.

Copyright Reuters, 2016

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