Australia’s S&P/ASX 200 Index gained 0.8 percent to 4,661.50 at the 4:10 p.m. close of trading in Sydney, the highest level since May 5. New Zealand’s NZX 50 Index slipped 0.1 percent to 3,195.28 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.
Gold producers: Gold futures for December delivery rose 2 percent to settle at $1,271.70 at 1:45 p.m. in New York, the biggest gain for a most-active contract since Feb. 16 and a record closing price.
Newcrest Mining Ltd. (NCM AU), Australia’s largest gold producer, advanced 1.3 percent to A$39.50. Newcrest was raised to “outperform” from “market perform” at BMO Capital Markets. St. Barbara Ltd. (SBM AU) rose 1.2 percent to 43.5 Australian cents.
Charter Hall Retail REIT (CQR AU) gained 2.4 percent to A$3.02. The owner of supermarkets and shopping centers said lenders agreed to extend its debt facility to September 2015 from the current maturity of February 2012.
Fisher & Paykel Appliances Holdings Ltd. (FPA NZ) surged 3.6 percent to 58 New Zealand cents. The appliances maker part- owned by China’s Haier Group said it has developed new technology for compressors that will reduce power use and create more space in its refrigerators.