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BHP, Boral, Bradken, Rio, Woodside: Australian Stock Preview

The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in June advanced 0.4 percent to 4,732 as of 6:59 a.m. in Sydney. The S&P/ASX 200 Index rose 0.9 percent to 4,708.30. The Bank of New York Australia ADR Index climbed 0.6 percent.

Mining companies: A measure of primary metals traded in London gained 0.8 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, climbed 1 percent to A$44.36. Its American depositary receipts rose 1 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, gained 1.1 percent to A$81.50.

Oil stocks: Crude oil for July delivery climbed 2.1 percent on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, rose 1.4 percent to A$46.63. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, advanced 1.8 percent to A$14.76.

Boral Ltd. (BLD) : Australia’s largest seller of building materials was raised to “neutral” at Macquarie Research. It was previously rated “underperform,” according to data compiled by Bloomberg. Boral’s shares gained 2.2 percent to A$4.61.

Bradken Ltd. (BKN) : The supplier of tools and services to mining companies might consider a takeover bid for Austin Engineering Ltd. after raising as much as A$162 million selling shares, the Australian Financial Review reported in its Street Talk column, without saying where it got the information.

Separately, Bradken was downgraded to “neutral” from “outperform” at Credit Suisse Group AG and to “hold” from “buy” at Deutsche Bank AG. Bradken’s shares dropped 0.9 percent to A$8.65 when they last traded on May 30.

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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