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Bendigo, BHP, Qantas, Rio, Woodside: Australian Stocks 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 gained 0.3 percent to 4,298 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 0.7 percent. The S&P/ASX 200 Index declined 2.3 percent to 4,332.80.

Mining companies: A measure of primary metals traded in London dropped 2.1 percent yesterday.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, fell 3.4 percent to A$40.15. Its American depositary receipts lost 1 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, slid 3.1 percent to A$77.60 in Sydney.

Oil stocks: Crude oil for September delivery lost 2 percent on the New York Mercantile Exchange yesterday.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, slipped 2.7 percent to A$37.22. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, declined 1.9 percent to A$12.65.

Gold producers: Gold futures for December delivery rose 1.3 percent on the Comex in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, added 1.8 percent to A$40.75.

Bendigo and Adelaide Bank Ltd. (BEN) : The regional lender was downgraded to “underperform” from “buy” by analysts at BBY Limited. Its shares lost 1.7 percent to A$8.69 yesterday.

Gold One International Ltd. (GDO) : Gold One said a group of Chinese investors agreed to make a cash offer of 55 cents a share and a minimum A$150 million capital injection as part of a strategic partnership. The shares gained 1 percent to 52.5 Australian cents.

Qantas Airways Ltd. (QAN) : Airline-industry earnings suffered the first year-to-year decline for two years in the three months to June as fuel costs rose and capacity increases outstripped demand, the International Air Transport Association said. Qantas, Australia’s largest airline by market value, slumped 3.5 percent to A$1.79.

Sundance Resources Ltd. (SDL AU): The target of a A$1.2 billion ($1.3 billion) takeover bid from its biggest shareholder Sichuan Hanlong Group, said it remains in talks with Hanlong and other potential partners for its iron-ore project in Africa. The stock declined 1.9 percent to 50.5 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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