Australia’s S&P/ASX 200 Index advanced 0.2 percent to 4,960.90 at the close of trading in Sydney. New Zealand’s NZX 50 Index climbed 0.5 percent to 3,325.08 in Wellington.
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Gold producers: Gold climbed to a one-month high yesterday as Greek debt concerns spurred investors to buy precious metals.
Newcrest Mining Ltd. (NCM AU), Australia’s largest gold producer, gained 1.1 percent to A$35.27. Lihir Gold Ltd. (LGL AU), the second-largest gold mining company on the Australian stock exchange, climbed 2.4 percent to A$3.89.
AMP Ltd. (AMP AU) rose 1.4 percent to A$6.39. AMP will probably drop its attempt to acquire AXA Asia Pacific Holdings Ltd. (AXA AU) if Australian competition regulators agree to National Australia Bank’s $13.3 billion ($12.3 billion) bid, the Wall Street Journal reported, citing a person it said was familiar with the situation. AXA Asia Pacific shares slipped 0.3 percent to A$6.30.
Caltex Australia Ltd. (CTX AU) surged 5 percent to A$11.97 after Macquarie Group Ltd. boosted the oil-refining company’s share forecast.
Macarthur Coal Ltd. (MCC AU), a coal producer, fell 5.2 percent to A$14.31 after the company rejected a revised takeover bid from Peabody Energy Corp.
Gloucester Coal Ltd. (GCL AU) jumped 26 percent to A$11.70. Independent directors will review the Noble Group Ltd. takeover offer once received, and unanimously recommend Gloucester shareholders accept Macarthur’s takeover offer in the absence of a superior proposal, the company said in a statement.
Restaurant Brands New Zealand Ltd. (RBD NZ), which owns KFC, Pizza Hut and Starbucks franchises, surged 3.5 percent to NZ$2.10 after saying profit more than doubled, buoyed by record sales at its fried-chicken outlets.
To contact the reporters for this story: Shani Raja in Sydney at firstname.lastname@example.org.