Bandanna, BHP, Murchison, Virgin Blue: 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 September rose 0.4 percent to 4,614 as of 11:59 p.m. in Sydney. The S&P/ASX 200 Index climbed 0.4 percent to 4,610.70.

Mining companies: A measure of primary metals traded in London gained 0.3 percent. Copper rose for a fifth day, zinc climbed 1.4 percent and nickel advanced 0.8 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rose 0.6 percent to A$44.02.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, added 0.4 percent to A$83.15 in Sydney.

Bandanna Energy Ltd. (BND) : The Australian coal explorer seeking funds to develop projects expects final offers for all or part of the company before the end of this month, said a person with knowledge of the matter.

Potential acquirers of Brisbane-based Bandanna have completed visits to the company’s project sites, said the person, who asked not to be identified because the process is private. The stock advanced 3.9 percent to A$2.

Murchison Metals Ltd. (MMX) : The iron-ore producer, was cut to “sell” from “hold” at Citigroup Inc., which cited increased operating costs around core projects and said there was “considerable risk” around its ability to secure key customers. The shares fell 2 percent to 75 Australian cents.

Virgin Blue Holdings Ltd. (VBA) : Australia’s second- biggest airline was raised to “outperform” from “neutral” at Macquarie Research. The stock jumped 11 percent to 31.5 Australian cents.

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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