Australia, N.Z. Stocks: BHP, James Hardie, Kagara, Gloucester
Australia’s S&P/ASX 200 Index climbed 0.7 percent to 4,683.9 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index (NZSE50FG) added 0.4 percent to 3,558.05 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 gained for the third straight session in New York yesterday.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rose 1.5 percent to A$44.15. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, gained 1.5 percent to A$80.25.
Kagara Ltd. (KZL) gained 9.6 percent to 57 Australian cents. The mining company with projects in Queensland and Western Australia said the Griffiths Hill copper resource is expected to increase and with further drilling may become significantly more zinc rich.
Gloucester Coal Ltd. (GCL) slumped 8.8 percent to A$8.90 after the company completed the institutional component of its capital raising.
James Hardie Industries SE (JHX) , the largest seller of home siding in the U.S., gained 4.1 percent to A$5.90 after being raised to “hold” from “sell” at Deutsche Bank AG and saying it plans to resume paying dividends and buying back shares.
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