Australia, N.Z. Stocks: BHP, Bradken, Extract, Macarthur Coal

Australia’s S&P/ASX 200 Index gained 1.2 percent to 4,780.2 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index (NZSE50FG) climbed 0.9 percent to 3,558.87 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: Copper futures for July delivery advanced 1 percent to $4.0555 a pound on the Comex in New York yesterday.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, gained 1.7 percent to A$45.30. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, rose 2.3 percent to A$81.45.

Oil stocks: Crude oil for June delivery rose 1.3 percent to $103.88 a barrel on the New York Mercantile Exchange yesterday, the highest settlement since May 4.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, gained 0.8 percent to A$46.20. Rival Santos Ltd. (STO) climbed 1.4 percent to A$14.66.

Bradken Ltd. (BKN) rose 5 percent to A$8.19. The supplier of tools and services to mining companies was raised to “buy” from “hold” at Deutsche Bank AG.

Extract Resources Ltd. (EXT) dropped 3.9 percent to A$7.40. China Guangdong Nuclear Power Group Co. withdrew its 712 million-pound ($1.16 billion) takeover offer for uranium mining company Kalahari Minerals Plc after the U.K. Takeover Panel barred it from reducing the bid.

Guangdong Nuclear may make another offer if another company makes a bid for London-based Kalahari, or if Kalahari reduces its stake in Australia’s Extract Resources, the Shenzhen, China- based company said in a statement yesterday.

Invocare Ltd. (IVC) gained 3.6 percent to A$6.90. The funeral home company had its stock rating raised to “buy” from “hold” by analysts at Citigroup Inc.

Macarthur Coal Ltd. (MCC) surged 6.9 percent to A$11.86 after the company reported a 38 percent increase in managed coal resources following upgrades at two of its projects.

OZ Minerals Ltd. (OZL) surged 5.7 percent to A$1.48. The Australian copper and gold producer had its stock rating raised to “buy” from “hold” by analysts at Royal Bank of Scotland Group Plc.

Virgin Blue Holdings Ltd. (VBA) gained 3.2 percent to 32 Australian cents. The Australian airline and Delta Air Lines Inc., the world’s second-largest carrier, won tentative U.S. approval to collaborate on U.S.-Australia flights, a reversal of an earlier decision, after they adjusted their proposal to include more passengers.

New Zealand:

Auckland International Airport Ltd. (AIA) gained 1.6 percent to NZ$2.30. New Zealand’s busiest airport yesterday said it expects to beat its full-year retail revenue target.

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

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

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