Australian, N.Z. Stocks: BHP, Rio, Alesco, Caltex, Kingsgate, Pan Pacific

Australia’s S&P/ASX 200 Index rose 1.1 percent to 4,435.30 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.1 percent to 3,002.33 in Wellington.

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

Mining shares: The London Metal Index, a measure of six metals including copper and zinc, gained 2.4 percent yesterday.

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, rose 1.4 percent to A$37.62. Rio Tinto Group (RIO AU), the world’s third-largest mining company, advanced 2.2 percent to A$67.87.

Kingsgate Consolidated Ltd. (KCN AU) soared 9.9 percent to A$9.55. The gold mining and exploration company was raised to “outperform” from “sector perform” at RBC Capital.

Oil companies: Crude oil rose by the most in almost two weeks in New York to $74.38 a barrel yesterday 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, increased 2.4 percent to A$43.91. Rival Santos Ltd. (STO AU) advanced 2.4 percent to A$13.09.

AWE Ltd. (AWE AU) jumped 4.9 percent to A$2.13. The Australian oil and gas producer and an operator of the Twui SW-2 well, located in New Zealand’s offshore Taranaki Basin, said oil shows were encountered.

Alesco Corp Ltd. (ALS AU) rose 6 percent to A$2.83. The maker of building materials and home products was raised to “outperform” from “neutral” by Credit Suisse AG equity analyst Rohan Gallagher.

Caltex Australia Ltd. (CTX AU) jumped 4.9 percent to A$10.76. The country’s biggest oil refiner was raised to “buy” from “neutral” by UBS AG equity analyst Gordon Ramsay. Holdings Ltd. (WTF AU) gained 4.6 percent to A$5.22. The accommodation website was upgraded to “outperform” from “neutral” by Credit Suisse equity analyst Neil Watson.

New Zealand:

Oil companies: Pan Pacific Petroleum NL (PPP NZ), an Australian explorer, surged 12 percent to 28 New Zealand cents. New Zealand Oil & Gas Ltd. (NZO NZ), the nation’s biggest publicly traded explorer and a partner in the nation’s Tui oil field, jumped 3.7 percent to NZ$1.41. The companies said oil shows were encountered in the Tui SW-2 well.

To contact the reporters for this story: Kana Nishizawa in Tokyo at; Nichola Saminather in Sydney at

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