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* ANZ, NAB and Westpac down between 0.6% and 1.2% (Updates to close)

(Adds analyst comment, context) May 11 (Reuters) - Australia’s Boral Ltd on Tuesday urged its shareholders to reject a takeover offer from diversified investor Seven Group Holdings, saying that the offer of buying Boral shares at no premium was “opportunistic” and undervalued the company. Seven, whose interests range from industrial services to media companies, on Monday offered to buy all the shares it does not already own in Boral for A$6.50 per share. The offer by billionaire Kerry Stokes’ Seven Group came on the heels of a stellar 36% rally in Boral shares this year, underpinned b...

Synopsis The S&P/ASX 200 settled 0.07 per cent higher at 7,063.5 points after falling as much as 0.4 per cent during the session. The benchmark gained for the fourth-straight week. Getty Images The Australian tech sub-index added 0.5 per cent, tracking an overnight rally on the Nasdaq. Altium gained 3.2 per cent, while EML Payments firmed 2 per cent. Australian shares closed near 14-month highs on Friday as upbeat economic data from the United States and record first-quarter economic growth in the country's largest trading partner China supported hopes of a global economic recovery. The S&P/...

* Technology stocks outperform benchmark * NZX50 index gains 1.1% April 13 (Reuters) - Australian shares surrendered early gains in a choppy session to end flat on Tuesday as investors awaited inflation data from the United States before making further bets, with energy and mining firms cancelling out gains in tech stocks. The S&P/ASX 200 index closed up 0.04% at 6,976.9 points, having gained as much as 0.3% during the session. “The market is mainly in a holding pattern in anticipation of the U.S. inflation data coming tonight and it may be a catalyst for some direction,” said Mathan Soma...

Synopsis The S&P/ASX 200 index closed up 0.04 per cent at 6,976.9 points, having gained as much as 0.3 per cent during the session. Getty Images Australian mining stocks tumbled 0.7 per cent to mark their third straight session in the red, even as iron ore prices jumped on robust demand worldwide. Australian shares surrendered early gains in a choppy session to end flat on Tuesday as investors awaited inflation data from the United States before making further bets, with energy and mining firms cancelling out gains in tech stocks. The S&P/ASX 200 index closed up 0.04 per cent at 6,976.9 poin...