ANZ, BHP Billiton, Macquarie, Mirvac, OneSteel: Australian 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. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in December gained 0.3 percent to 4,656 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index lost 1.4 percent. The S&P/ASX 200 Index fell 0.9 percent to 4,648.10.

Mining shares: Copper futures for December delivery slid 2.4 percent to close at $3.7755 a pound at 1:23 p.m. on the Comex in New York

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, dropped 0.8 percent to A$41.49 in Sydney. Its American depositary receipts fell 1.8 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s third-biggest miner, declined 2 percent to A$82.35 in Sydney.

Oil producers: Crude oil dropped 0.7 percent after U.S. orders for capital goods declined, signaling that investment will cool.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- biggest oil and gas producer, lost 0.1 percent to A$43.80. Santos Ltd. (STO AU) dropped 1.8 percent to A$12.63.

Gold producers: Gold futures for December delivery fell 1.2 percent to settle at $1,322.60 an ounce at 1:39 p.m. in New York, the lowest closing price for a most-active contract since Oct. 4.

Newcrest Mining Ltd. (NCM AU), Australia’s biggest gold producer, retreated 3 percent to A$39.32.

Bank shares: Australia’s banks will face a Senate inquiry into fees, charges and regulations that have “propped up” the nation’s largest banks, Senator Nick Xenophon, an independent lawmaker in the upper house Senate told Australian Broadcasting Corp. radio today.

Australia & New Zealand Banking Group Ltd. (ANZ AU) climbed 0.8 percent to A$24.04. The lender today said second-half profit rose 69 percent as bad debts declined. National Australia Bank Ltd. (NAB AU), the nation’s biggest business lender, gained 2.1 percent to A$25.26.

ING Industrial Fund (IIF AU): Goodman Group, China Investment Corp., the Canadian Pension Plan Investment Board and Dutch pension fund Algemene Pensioen Groep are poised to make a combined A$1.2 billion takeover bid for ING Industrial Fund, the Australian newspaper reported, citing unidentified sources. ING Industrial’s shares slumped 4.2 percent to 46 Australian cents.

ING Office Fund (IOF AU): The real-estate investment trust was raised to “overweight” from “neutral” at JPMorgan Chase & Co. The stock lost 1.7 percent to 58 Australian cents.

Macquarie Group Ltd. (MQG AU): Australia’s biggest investment bank and VinaSecurities, a unit of Vietnam’s largest fund manager, signed a deal to share research, trade shares and work on acquisitions in the Southeast Asian nation. Macquarie Group shares sank 0.9 percent to A$34.35.

Mirvac Group (MGR AU): The real-estate investment trust said its share of residential pre-sales totals A$879 million, a 25 percent increase since June 30. Mirvac shares slipped 3.7 percent to A$1.31.

OneSteel Ltd. (OST AU): The second-largest Australian producer of the alloy is considering a bid for Anglo American Plc’s Scaw Metals Group, valued at about A$900 million, the Australian Financial Review reported in its Street Talk column without saying where it got the information. OneSteel shares declined 0.4 percent to A$2.73.

Wesfarmers Ltd. (WES AU): Australia’s second-largest retailer may receive bids from private equity firms for assets including its Officeworks and Blackwoods units, the Australian Financial Review reported in its Street Talk column without citing anyone. Wesfarmers shares dropped 1.6 percent to A$33.11.

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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