Australia, N.Z. Stocks: Aquila, Caltex, Harvey Norman, Sonic

Australia’s S&P/ASX 200 Index (AS51) advanced 0.9 percent to 4,489.60 as at the close in Sydney. The gauge gained 4.6 percent through the week. New Zealand’s NZX 50 Index (NZSE50FG) rose 1.1 percent in Wellington to 3,109.34, 2.5 percent higher for the week.

The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.

Australia:

Aquila Resources Ltd. (AQA) jumped 9.2 percent to A$7.15, after Baosteel Group Corp., China’s largest steelmaker, agreed to buy a 15 percent stake in the Australian iron ore and coal company for A$286 million ($240 million) to secure supplies.

Caltex Australia Ltd. (CTX) dropped 5.9 percent to A$12.80. The nation’s biggest oil refiner decided not to pay a first-half dividend and warned the outlook for the rest of the year was weaker.

Centrex Metals Ltd. (CXM) rose 2.2 percent to 47 Australian cents. Centrex said in a statement that Baotou Iron and Steel Co. agreed to pay A$40 million to take a stake in an iron ore joint venture.

Fleetwood Corp. (FWD) surged 10 percent to A$7.27. The Australian maker of caravans and portable buildings was raised to “neutral” from “underweight” at JPMorgan Chase & Co.

Harvey Norman Holdings Ltd. (HVN) climbed 17 percent to A$3.74, after Australia’s largest furniture and electrical retailer posted annual profit that beat most analyst estimates.

Nufarm Ltd. (NUF) dropped 6.1 percent to A$11.34. Australia’s biggest supplier of farm chemicals said discussions over a potential takeover by China’s Sinochem Corp. were continuing but it could give no assurances that an agreement would be reached.

Sims Metal Management Ltd. (SGM) fell 2.3 percent to A$23.05, after the world’s biggest recycler of scrap metal reported a full-year net loss of A$150.3 million.

Sonic Healthcare Ltd. (SHL) gained 8.6 percent to A$13.90. Europe’s biggest operator of labs to help doctors diagnose diseases posted earnings that beat analyst estimates and said profit will climb this year.

Toll Holdings Ltd. (TOL) rose 2.9 percent to A$7.82. Brambles Ltd. was approached with an offer to merge in a deal that would create a A$15 billion ($12.6 billion) global logistics company, the Australian Financial Review said, without citing anyone.

Woolworths Ltd. (WOW) fell 1.7 percent to A$28.30. Australia’s largest retailer was cut to “underperform” from “neutral” by analysts at Merrill Lynch & Co.

New Zealand:

Telecom Corp. (TEL) , New Zealand’s biggest telephone company, rose 3 percent to A$2.79. The nation’s telecommunications regulator said it’s deferring an investigation into possible control of mobile roaming charges until it has concluded a review of mobile termination prices in December.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.

To contact the editor responsible for this story: Darren Boey in Hong Kong at dboey@bloomberg.net.

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