MELBOURNE/WELLINGTON, April 18 (Reuters) - Australian shares slipped on Monday, hurt by a profit warning from Qantas plus sliding mining and energy stocks after talks by oil exporters on freezing output collapsed.
New Zealand's benchmark S&P/NZX 50 index (nz50) edged up to touch a fresh record of 6,855.57.
The S&P/ASX 200 index (xjo) fell 10.09 points to 5,147.40 by 0254 GMT, erasing some of Friday's gains.
Qantas was the biggest loser in the index, falling as much as 14 percent to a five-month low after warning that travel demand had softened and reporting that domestic and international yields declined in March.
Energy stocks were the main losers behind Qantas, with Beach Energy (BPT), Santos (STO), Origin Energy (ORG) and Oil Search down between 4 and 7 percent.
Among miners, South32
fell the most, losing 3.6 percent. Top miner BHP Billiton (BHP), which also produces oil and gas, fell 3 percent, while Whitehaven Coal (WHC) and Oz Minerals (OZL) both fell 2.3 percent. Real estate agency McGrath Ltd (MEA), which got listed in December, lost one-third of its value after cutting its profit forecast due to "an unforeseen low volume of listings and sales in the first half of April", which it expected to persist.
On the positive side, toll road operator Transurban Group (TCL) jumped as much as 2.6 percent to a record A$11.58 after reporting a 15 percent jump in proportional toll revenue in the March quarter.
In New Zealand, low interest rates have been pushing investors towards stocks to seek higher returns than bank deposits offer, causing the benchmark index to regularly reach records.
Evolve Education (EVO) rose 1.98 percent after the education company announced the acquisition of six early childhood centres.
Fuel distributor Z Energy (ZEL) gained 1.93 percent on lower oil prices and after announcing quarterly fuel volumes were higher than a year ago.
Fletcher Building (FBU) fell 1.72 percent, while health software company Orion Health Group (OHE) fell 0.72 percent.
News: STO Australia shares dip on resource weakness, Qantas slammed
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