Leighton, Primary Health, Sigma, Sky City, Tox: Australian, N.Z. Equities

Australia’s S&P/ASX 200 Index rose 0.9 percent to 4,477 as of the 4:10 p.m. close in Sydney. New Zealand’s NZX 50 Index dropped 0.6 percent to 3,006.55 in Wellington.

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


Leighton Holdings Ltd. (LEI AU) gained 3.6 percent to A$31.70. Australia’s biggest construction company was raised to “buy” from “accumulate” at E.L. & C. Baillieu Stockbroking Ltd.

Primary Health Care Ltd. (PRY AU) dropped 3 percent to A$3.24. The provider of medical services said profit will be at the lower end of its previous forecast.

Redflex Holdings Ltd. (RDF AU) gained 2.6 percent to A$2.41. The distributor of traffic-management software said a A$2.50 a share proposal from Macquarie Group Ltd. undervalues the company and it will talk to parties about a possible proposal for the business.

Sigma Pharmaceuticals Ltd. (SIP AU) plunged 7.7 percent to 48 Australian cents after agreeing to sell its drugs unit to South Africa’s Aspen Pharmacare Holdings Ltd.

Tox Free Solutions Ltd. (TOX AU) lost 4 percent to A$2.15. The toxic waste disposal company was cut to “underweight” from “neutral” at JPMorgan Chase & Co.

UGL Ltd. (UGL AU) rose 4.6 percent to A$14.40. The Australian company with businesses ranging from engineering to property services said annual profit increased on higher earnings from its infrastructure and resources units.

New Zealand:

Sky City Entertainment Group Ltd. (SKC NZ) retreated 3.3 percent to NZ$2.89. New Zealand’s largest casino operator said full-year profit fell after a one-time tax adjustment for building depreciation.

New Zealand Refining Co. (NZR NZ) climbed 6 percent to NZ$3.18 after the company reported first-half net profit and said it expects to be able to pay a final dividend.

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

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