BHP, Boart, Centro, Rio, Telstra, Toll, Wotif: Australian Equity Preview

The following is a list of companies whose shares may rise or fall in Australia. The preview includes news announced after markets shut yesterday unless otherwise stated.

The S&P/ASX 200 Index futures contract expiring in June lost 0.3 percent to 4,391 as of 6:59 a.m. in Sydney. The S&P/ASX 200 Index added 0.1 percent to 4,385.30. The Bank of New York Australia ADR Index slid 0.6 percent.

Mining shares: Copper prices for July delivery advanced 2.6 percent in New York.

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, rose 0.3 percent to A$37.12. Its American depositary receipts fell 0.1 percent in New York.

The company said the derailment of a train in Queensland on June 8 is affecting the movement of coal from its mines in the Bowen basin in the state’s south to the coast.

Rio Tinto Group (RIO AU), the world’s third-largest mining company, lost 0.6 percent to A$66.38 in Sydney.

Oil companies: Crude oil rose by the most in almost two weeks in New York to $74.38 a barrel as reports signaled a strengthening Chinese economy and the dollar retreated against major currencies.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, declined 0.5 percent to A$42.87. Rival Santos Ltd. (STO AU) dropped 0.8 percent to A$12.78.

Boart Longyear Group (BLY AU): The provider of drilling services to mining companies was raised to “outperform” from “neutral” by Credit Suisse AG equity analyst Rohan Gallagher. The shares added 0.8 percent to A$2.67.

Centro Properties Group (CNP AU): The Australian developer that posted a A$3.5 billion ($2.7 billion) loss last year will begin a marketing campaign to sell its syndicates management business, which controls A$3.2 billion of Australian shopping malls, the Australian newspaper reported. The shares declined 2.8 percent to 17.5 Australian cents.

Caltex Australia Ltd. (CTX AU): The country’s biggest oil refiner was raised to “buy” from “neutral” by UBS AG equity analyst Gordon Ramsay. The shares slipped 0.2 percent to A$10.26.

Telstra Corp. (TLS AU): Talks between Australia’s biggest phone company and the government on the nation’s broadband network are likely to be further complicated by the timing of a federal election, the Australian Financial Review quoted Chief Financial Officer John Stanhope as saying. The shares rose 1.3 percent to A$3.15.

Toll Holdings Ltd. (TOL AU): Australia’s largest trucking and freight company was raised to “buy” from “hold” at Citigroup Inc. The shares advanced 1.6 percent to A$5.78.

Wotif.com Holdings Ltd. (WTF AU): The accommodation website was upgraded to “outperform” from “neutral” by Credit Suisse equity analyst Neil Watson. The shares increased 1.8 percent to A$4.99.

To contact the reporters for this story: Nichola Saminather in Sydney at Nsaminather1@bloomberg.net.

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