Australia’s S&P/ASX 200 Index rose 1.1 percent to 4,913.80 at the 4:10 p.m. close of trading in Sydney trading, for a weekly gain of 1.3 percent. Australia’s stock market will be closed tomorrow, April 25 and April 26 for public holidays.
New Zealand’s NZX 50 Index (NZSE50FG) added 0.6 percent to 3,492.40 at the 5 p.m. close in Wellington, for a weekly increase of 1.2 percent. The New Zealand market will be closed tomorrow and April 25 for public holidays.
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Mining companies: A measure of primary metals traded in London rose 2.1 percent, its biggest gain in more than a week.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, gained 0.2 percent to A$47.32, its second consecutive daily advance.
Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, added 1.2 percent to A$84.10. The world’s second-biggest mining company by sales acquired 72 percent of Riversdale Mining Ltd. (RIV) as Cia Siderurgica Nacional SA agreed to sell its 19.35 percent stake, four months after an initial A$3.9 billion ($4.2 billion) offer to shareholders. Riversdale Mining gained 1.2 percent to A$16.71.
Oil stocks: Oil for June delivery gained as much as 95 cents to $112.40 a barrel in electronic trading on the New York Mercantile Exchange. It was at $112.13 at 12:54 p.m. Singapore time. Yesterday, the contract climbed $3.17 to $111.45, the highest since April 8. Prices are up 34 percent the past year.
Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, rose 2.7 percent to A$47.86, its biggest gain since March 18.
Bow Energy Ltd. (BOW) , the oil and gas explorer, jumped 6.6 percent to 96.5 Australian cents, its biggest gain in more than a month.
Gold producers: Gold for immediate delivery climbed as much as 0.4 percent to an all-time high of $1,508.88 an ounce in Singapore today.
Regis Resources Ltd. (RRL) , which mines for minerals including gold, advanced 6.2 percent to A$2.59, its highest level since April 2002.
Atlas Iron Ltd. (AGO) jumped 3.1 percent to A$3.64. The iron-ore producer said it shipped 1.4 million tons of ore during the March quarter and is on track to export about 1.5 million tons in the June quarter.
St. Barbara Ltd. (SBM AU) rose 2.3 percent to A$2.25. The miner reported gold production of 61,453 ounces for the March quarter and forecast full-year gold production of between 255,000 ounces and 270,000 ounces.
Whitehaven Coal Ltd. (WHC) dropped 4.5 percent to A$6.78. China’s Yanzhou Coal Mining Co. has decided not to proceed with an offer for coal producer Whitehaven, DealReporter said, citing two people it said were close to the Chinese company. Price was said to have been an issue, one of the people was cited as saying.
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