APN, BHP, Cudeco, DJs, Rio, Westfield, Woolworths: Australian, N.Z. Stocks

Australia’s S&P/ASX 200 Index was little changed at 4,474.90 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index rose 0.4 percent to 3,018.18 at the 5 p.m. close in Wellington.

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


Mining shares: Copper futures for December delivery added 1.8 percent to close at $3.3585 a pound at 1:21 p.m. on the Comex in New York yesterday. Rio Tinto Group (RIO AU), the world’s third-largest mining company, gained 2.8 percent to A$73.45.

BHP Billiton Ltd. (BHP AU), the largest miner, slumped 4.4 percent to A$38.42 after the company confirmed it made a takeover offer to Potash Corp. of Saskatchewan Inc. that was rejected.

Oil companies: Crude oil for September delivery rose 0.7 percent to settle at $75.77 a barrel on the New York Mercantile Exchange yesterday.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, gained 0.6 percent to A$43.30. Woodside reported first-half net income rose 40 percent on higher commodity prices, beating the median estimate of analysts. Rival Santos Ltd. (STO AU) climbed 2.6 percent to A$14.18.

APN News & Media Ltd. (APN AU) plunged 8.5 percent to A$1.875 after the publisher of newspapers in Australia and New Zealand reported first-half net income of A$40 million ($36 million).

Cudeco Ltd. (CDU AU) tumbled 49 percent to A$2.45 after the minerals explorer published a resource update for the Rocklands copper project.

CSL Ltd. (CSL AU) lost 2.7 percent to A$31.90. The world’s second-biggest maker of treatments derived from blood said full- year profit will decline as much as 6.9 percent as the end of the swine flu pandemic cuts vaccine sales.

David Jones Ltd. (DJS AU) rose 2.8 percent to A$5.09. Australia’s second-largest department store chain reported fourth-quarter same store sales increased 1.7 percent and reaffirmed its full-year profit-after-tax guidance.

Westfield Group (WDC AU) advanced 2.2 percent to A$12.57. The world’s largest owner of shopping centers by market value returned to profit in the first half after its U.S. and U.K. malls recovered and the value of its properties rose.

Woolworths Ltd. (WOW AU) gained 1 percent to A$27.15. Australia’s biggest retailer was raised to “outperform” from “neutral” at Credit Suisse Group AG.

New Zealand:

Freightways Ltd. (FRE NZ) added 2.1 percent to NZ$2.87. New Zealand’s second-biggest courier company was raised to “buy” from “neutral” at UBS AG.

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

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