Fletcher Building, Macquarie, Steel & Tube, Tower: Australia, N.Z. Stocks

Australia’s S&P/ASX 200 Index rose 0.8 percent to 4,575.50 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index advanced 1.2 percent to 3,143.14 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.


Commodity producers: Mining shares rose as better-than- estimated jobs data in the U.S. eased concern that global economic growth is faltering, increasing demand for metals.

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, rose 1.9 percent to A$38.55.

Rio Tinto Group (RIO AU), the world’s third-biggest miner, gained 1.6 percent to A$75.

Lynas Corp. (LYC AU) surged 15 percent to A$1.24. The Australian rare-earth mining company boosted a resource estimate at its Mount Weld project in Western Australia.

Macquarie Group Ltd. (MQG AU) tumbled 4.7 percent to A$35.25. Australia’s biggest investment bank said first-half profit will fall 25 percent as faltering markets sap the flow of deals.

Woolworths Ltd. (WOW AU) rose 1.4 percent to A$28.79. Australia’s biggest retailer plans to sell property worth about A$900 million ($824 million), the company said in an e-mailed statement.

New Zealand:

Tower Ltd. (TWR NZ), an insurer and fund manager, declined 3.1 percent to NZ$1.85. Christchurch, New Zealand’s second- biggest city, was hit by a magnitude 7.0 earthquake at the weekend that closed the central business district. Asset manager and insurer AMP Ltd. (AMP NZ) dropped 0.3 percent to NZ$6.58.

Building-related stocks rose. Steel & Tube Holdings Ltd. (STU NZ), a New Zealand distributor of roofing iron and reinforcing steel, surged 7.7 percent to NZ$2.37. Fletcher Building Ltd. (FBU NZ) advanced 5 percent to NZ$8.14.

To contact the reporter for this story: Lisa Pham in Sydney at lpham14@bloomberg.net.

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