Aquarius, Axa, BHP, Cochlear, NAB, Santos, Toll, Woodside: Stock Preview

The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed yesterday. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September climbed 0.6 percent to 4,375 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index rose 1.6 percent. The S&P/ASX 200 Index gained 2.4 percent to 4,356.70.

Mining shares: Copper futures for September delivery fell 0.2 percent to $3.008 a pound at 11:41 a.m. in New York.

BHP Billiton (BHP AU), the world’s largest mining company, rose 2 percent to A$38.16 in Sydney. Its American depositary receipts climbed 1.1 percent in New York trading. Rio Tinto Group (RIO AU), the world’s third-largest mining company, gained 1.8 percent to A$67.05 in Sydney.

Rio Tinto Chief Executive Officer Tom Albanese said “resource nationalism” may spread as governments around the world seek raise taxes to boost their share of mining profits, potentially constraining supply.

Oil companies: Crude oil rose 1.9 percent to a one-week high of to $75.44 a barrel on the New York Mercantile Exchange as U.S. inventories tumbled after Hurricane Alex disrupted output and deliveries in the Gulf of Mexico.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, increased 1.9 percent to A$42.09. Rival Santos Ltd. (STO AU) rose 2.5 percent to A$12.76.

Royal Dutch Shell Plc is in talks to buy a A$2 billion stake in Santos’s Gladstone liquefied natural gas project in Australia, the Australian Financial Review reported, without saying where it got the information.

Aquarius Platinum Ltd. (AQP AU): The miner of platinum in South Africa said it may lose 1,500 ounces to 2,000 ounces of output of platinum group metals at its Marikana mine in South Africa if a government suspension at the company’s number-four shaft, where five workers were crushed to death by falling rock, remains in place for two weeks. Aquarius shares plunged 6.9 percent to A$5.16.

Cochlear Ltd. (COH AU): The maker of the world’s best- selling hearing implant had its stock raised to “hold” from “sell” by Citigroup Inc. analysts led by Alex Smith. Cochlear fell 0.7 percent to A$70.30.

National Australia Bank Ltd. (NAB AU) and Axa Asia Pacific Holdings (AXA AU): The Australian lender may not submit a new takeover offer to the Australian competition regulator for Axa Asia Pacific Holdings Ltd. until the week beginning July 19, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. National Australia Bank gained 2.9 percent to A$23.76 and Axa Asia rose 0.6 percent to A$5.38.

Toll Holdings Ltd. (TOL AU): Australia’s largest trucking and freight company agreed to buy WT Sea Air Group and Genesis Forwarding Group for about A$150 million ($132 million) to expand in the U.K., according to a regulatory filing. Toll rose 2.1 percent to A$5.86.

TPG Telecom Ltd. (TPM AU): Telecom Corp. of New Zealand Ltd. has delayed the deadline for bids for its Australian unit AAPT until the end of next week as TPG Telecom Ltd. continues a due diligence study, the Australian Financial Review reported, without saying where it got the information. TPG Telecom increased 3.5 percent to A$1.80.

To contact the reporters for this story: Lisa Pham in Sydney at lpham14@bloomberg.net. Shani Raja in Sydney at sraja4@bloomberg.net.

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