Australia, N.Z. Stocks: BHP, Fairfax Media, Kathmandu, Woodside
Aug. 2 (Bloomberg) --Australia’s S&P/ASX 200 Index fell 1.4 percent to 4,433.60 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index (NZSE50FG) slipped 0.5 percent to 3,397 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 September delivery declined 1.6 percent on the Comex in New York yesterday.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, slid 1.7 percent to A$41.57. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, fell 1.8 percent to A$80.05.
Oil stocks: Crude for September delivery fell 0.9 percent on the New York Mercantile Exchange.
Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, slipped 1.7 percent to A$38.24. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, declined 1.8 percent to A$12.90.
Gold stocks: Gold for December delivery in New York rose as much as 0.4 percent after futures reached a record $1,637.50 on July 29. Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, gained 1.1 percent to A$40.03. Rival OceanaGold Corp. (OGC) surged 3.1 percent to A$2.34.
Fairfax Media Ltd. (FXJ) dropped 1.1 percent to 89.5 Australian cents. The media company was unable to print many of its morning newspapers in New Zealand today after a computer failure in its main production system.
Kathmandu Holdings Ltd. (KMD) rose 6.4 percent to NZ$2.34 after the company said in a trading update that sales in the year to July 31 climbed almost 25 percent, adding that “the substantial improvement in results” went against the general trend for the retail sector.
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