Australia, N.Z. Stocks: Aquila, BHP, Caltex, Paladin, Tatts

Australia’s S&P/ASX 200 Index gained 0.7 percent to 4,558.20 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index (NZSE50FG) rose 0.4 percent to 3,326.80 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 companies: Zinc climbed as much as 1.9 percent in London today and copper gained as much as 1.4 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, gained 1.4 percent to A$43.57. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, rallied 2 percent to A$78.94.

Aquila Resources Ltd. (AQA) climbed 7.4 percent to A$7.09. The Australian mining company hired Goldman Sachs Group Inc. to help sell its African assets in a deal that may be worth as much as A$680 million ($673 million), the Australian Financial Review reported in its Street Talk column, without saying were it got the information.

Billabong International Ltd. (BBG) dropped 2.1 percent to A$7.61 after the biggest surf-wear maker by market value cut its full-year profit forecast.

BlueScope Steel Ltd. (BSL) gained 1.6 percent to A$1.915. Australia’s biggest steelmaker was raised to “neutral” from “underperform” at Macquarie Research.

Caltex Australia Ltd. (CTX) rose 5.1 percent to A$15.75. The country’s biggest oil refiner has its stock rating raised to “hold” from “sell” at Citigroup Inc.

Gindalbie Metals Ltd. (GBG) jumped 9.5 percent to A$1.04. The company developing an iron-ore mine with China’s Anshan Iron & Steel Group in Western Australia had its stock rating raised to “buy” from “hold” by analysts at Royal Bank of Scotland Group Plc.

Paladin Energy Ltd. (PDN) surged 14 percent to A$3.70 after the uranium producer was raised to “hold” from “sell” at Deutsche Bank AG. Energy Resources of Australia Ltd. (ERA) , operator of the Ranger mine in Australia’s Northern Territory, climbed 10 percent to A$7.80. Both stocks have plunged in recent days after Japan’s worse earthquake last week resulted in radiation leaks at a nuclear power station.

Tatts Group Ltd. (TTS) rose 1.4 percent to A$2.22. Australia’s biggest lottery operator was raised to “neutral” from “underweight” at JPMorgan Chase & Co.

New Zealand:

Kathmandu Holdings Ltd. (KMD) advanced 2.1 percent to NZ$1.94. The outdoor equipment retailer had its stock rating raised to “outperform” from “neutral” by analysts at Credit Suisse Group.

To contact the reporter on this story: Shani Raja in Sydney at

To contact the editors responsible for this story: Nick Gentle at

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