Australian, N.Z. Stocks: ANZ Banking, Asciano, iSOFT, Gazal, GPT, Vector
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Asciano Group (AIO AU), Australia’s largest port and rail operator, gained 0.6 percent to A$1.59. The company signed a 10- year A$775 million (A$665.6 million) pact with Anglo American Plc to haul 10.9 million tons of coal a year from Anglo’s German Creek facility.
Gazal Corp. (GZL AU), an Australian clothing maker, increased 2.7 percent to A$1.54. The company said it expects a full-year pre-tax profit of between A$12.5 million and A$13.5 million.
GPT Group Ltd. (GPT AU), an Australian property trust, climbed 4.3 percent to A$2.90. JPMorgan Chase & Co raised its rating on the stock to “neutral” from “underweight.”
iSOFT Group Ltd. (ISF AU), the Australian-British health information software developer, surged 20 percent to 29.5 Australian cents after the company named Robert Moran as chairman.
New Zealand Stocks:
Vector Ltd. (VCT NZ), New Zealand’s biggest electricity and gas distributor, rose 1.4 percent to NZ$2.14. The company said changes to its deferred tax liability will increase profit in the year ending June 30 by as much as NZ$21 million. The change won’t affect underlying earnings or dividend, the Auckland-based company said in a statement sent to the stock exchange.