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
The following were among the most active shares in the
market today. Stock symbols are in parentheses after company
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
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.
Wotif.com 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.
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
Press spacebar to pause and continue. Press esc to stop.