AGL Energy, ANZ, AWE, BHP, 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 fell 2.4 percent to 4,116 as of 6:58 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 5.7 percent. The S&P/ASX 200 Index slid 1.2 percent to 4,251.20.

Mining companies: Copper futures for December delivery slid 1.7 percent on the Comex in New York yesterday, while a measure of primary metals traded in London dropped 2.4 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, declined 1.8 percent to A$39.10. Its American depositary receipts slumped 5.5 percent in New York trading.

Xstrata Plc, BHP and Anglo American Plc, partners in the world’s biggest open-pit coal mine for exports, approved a $1.3 billion expansion at the Colombian site to boost output as prices for the fuel rise. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, fell 1.5 percent to A$73.34 in Sydney.

Oil stocks: Crude oil for September delivery slumped 5.9 percent on the New York Mercantile Exchange yesterday.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, sank 2.4 percent to A$36.87. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, retreated 3.8 percent to A$11.68.

Gold producers: Gold futures for December delivery jumped 1.6 percent on the Comex in New York, closing at an all-time high for the third straight day.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, fell 1.1 percent to A$38.66.

AGL Energy Ltd. (AGK) : The Australian renewable energy company doesn’t rule out separately listing a spin-off gas company to work with miners focused on extracting coal-bed methane, the Australian Financial Review reported, citing remarks by general manager Michael Moraza on the sidelines of a conference. AGL’s shares gained 0.4 percent to A$14.22.

Australia & New Zealand Banking Group Ltd. (ANZ) : The lender reported third-quarter unaudited, underlying profit of about A$1.4 billion ($1.45 billion), according to a regulatory filing. The stock slipped 0.8 percent to A$20.42.

AWE Ltd. (AWE) : The oil and gas explorer was raised to “buy” from “neutral” at Nomura Holdings Inc. The stock dropped 3.3 percent to A$1.19.

National Australia Bank Ltd. (NAB) : The lender was raised to “outperform” from “neutral” at Macquarie Group Ltd. Its shares lost 0.9 percent to A$23.16.

Platinum Asset Management Ltd. (PTM) : The Australian fund management company reported full-year net income of A$150.1 million, according to a regulatory filing. Analysts had forecast annual profit of A$147 million. The stock fell 0.8 percent to A$3.69.

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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