Extract, Macarthur, Rio Tinto, Westpac, Woodside: Australian, N.Z. Stocks

Australia’s S&P/ASX 200 Index fell for a second day, losing 0.9 percent to 4,740.10 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index (NZSE50FG) was little changed at 3,495.19 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.

Oil stocks: Crude oil for June delivery fell 2.2 percent to $111.05 a barrel in New York yesterday, the lowest settlement since April 19 as the Standard & Poor’s 500 Index of stocks dropped and on projections that a government report will show U.S. crude inventories climbed.

BHP Billiton Ltd. (BHP), Australia’s biggest oil and gas producer, fell 0.8 percent to A$45.15. Woodside Petroleum Ltd. (WPL) , the No. 2, slid 2.5 percent to A$44.70.

Gold producers: Gold futures for June delivery declined 0.2 percent to settle at $1,537.80 in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, fell 1.4 percent to A$39.99. Rival St. Barbara Ltd. (SBM AU) dropped 5 percent to A$2.09.

Extract Resources Ltd. (EXT) jumped 14 percent to A$7.63. The company that’s proposing a $1.7 billion uranium venture in Namibia said the deadline for a takeover of its biggest shareholder, London-based Kalahari Minerals Plc (KAH) by China Guangdong Nuclear Power Group Co. has been extended to June 17 and talks are continuing.

Goodman Group (GMG) Ltd rose 0.7 percent to 71 Australian cents. The Australian industrial real-estate investment trust affirmed its full-year operating earnings per share guidance of 5.5 Australian cents and operating profit after tax of A$380 million.

Macarthur Coal Ltd. (MCC) declined 2.9 percent to A$10.82. The biggest exporter of pulverized coal used by steelmakers cut its output target to a range of 3.8 million metric tons to 4 million tons, compared with a previous forecast of 4.1 million to 4.3 million tons after record rains in Queensland’s Bowen Basin.

PanAust Ltd. (PNA) advanced 5.3 percent to 79.5 Australian cents. The gold and copper mining company reported a 37 percent increase in its Phu Kham ore reserves, according to a regulatory filing.

Rio Tinto Group (RIO AU) dropped 1.5 percent to A$80.88. Alcoa Ltd. saw record bullish options trading in New York on speculation Rio Tinto may make a takeover offer for the largest U.S. aluminum producer.

Westpac Banking Corp. (WBC) slipped 2.5 percent to A$24.11. Australia’s second-biggest lender said first-half net profit rose 38 percent to A$3.96 billion, missing the A$4.13 billion median estimate of four analysts surveyed by Bloomberg News.

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net;

To contact the editors responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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