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BHP, Newcrest, Telstra, Ten, Westpac: 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 gained 0.6 percent to 4,295 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index rose 4.1 percent. The S&P/ASX 200 Index climbed 2.6 percent to 4,282.90.

Mining companies: Copper futures for December delivery added 0.5 percent on the Comex in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, advanced 4.3 percent to A$39.85. Its American depositary receipts added 3.7 percent in New York trading. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, gained 4.2 percent to A$75.52 in Sydney.

Oil stocks: Crude oil for September delivery advanced 2.9 percent on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, added 3.5 percent to A$38.35. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, advanced 3.5 percent to A$12.11.

Gold producers: Gold futures for December delivery rose 0.9 percent on the Comex in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, slipped 0.8 percent to A$40.40. The stock was downgraded to “hold” from “buy” at Deutsche Bank AG.

Aurora Oil & Gas Ltd. (AUT AU): The Australian explorer focused on the Eagle Ford shale formation in Texas reported half-year net profit of $16.2 million, compared with a loss of $678,000 a year earlier. The stock gained 3.1 percent to A$2.99.

CFS Retail Property Trust (CFX) : The property trust reported full-year net income of A$532.6 million, according to a regulatory filing. Analysts had forecast annual profit of A$416.8 million. Its shares rose 5.4 percent yesterday to A$1.66.

Leighton Holdings Ltd. (LEI) : Australia’s biggest builder is targeting net profit of A$1 billion over the coming four years, the Australian newspaper reported, citing Chief Executive David Stewart. Leighton’s shares jumped 8.3 percent to A$21.49.

Telstra Corp. (TLS AU): The Future Fund said it finished rebalancing its portfolio through an on-market sale of Telstra shares, reducing its hold in the company to 0.8 percent, or about 100 million shares. Telstra, Australia’s largest telephone company, advanced 2 percent to A$3.11.

Ten Network Holdings Ltd. (TEN) : The Australian broadcaster said it expects group earnings before interest, tax, depreciation and amortization before non-recurring items of about A$171 million ($178 million) in the year ending Aug. 31. Separately, Ten Network was raised to “overweight” from “neutral” at JPMorgan Chase & Co. The shares added 0.6 percent to 92 Australian cents.

Westpac Banking Corp. (WBC) : The lender reported third- quarter cash earnings of about A$1.55 billion and said core earnings were up 2 percent versus the average for the first and second quarters. Westpac shares gained 3.4 percent A$21.17.

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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