ANZ, BHP, Foster’s, Qantas, Telstra: 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 1.4 percent to 4,230 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index surged 4.9 percent. The S&P/ASX 200 Index advanced 2.2 percent to 4,173.40.

Mining companies: A measure of primary metals traded in London climbed 1.4 percent yesterday. Copper rose 1 percent in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, added 1.8 percent to A$38.21. Its American depositary receipts gained 4 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, climbed 2.2 percent to A$70.10 in Sydney.

Oil stocks: Crude for October delivery rose 1.2 percent on the New York Mercantile Exchange yesterday.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, added 1.7 percent to A$35.12. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, rose 4.5 percent to A$11.75.

Gold producers: Gold futures for December delivery fell 1.6 percent on the Comex in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, gained 0.9 percent to A$40.55. Rival St. Barbara Ltd. (SBM AU) climbed 1.5 percent to A$1.99.

Australia & New Zealand Banking Group Ltd. (ANZ) : The lender has been approved to trade gold on the Shanghai Futures Exchange, becoming the second foreign bank permitted to do so, the Melbourne-based company said in an e-mailed statement yesterday. ANZ shares rose 2.7 percent to A$19.82.

Foster’s Group Ltd. (FGL) : Australia’s biggest brewer is open to discussing a “sensible” bid with SABMiller Plc after refusing to enter detailed negotiations on the U.K. company’s hostile A$9.5 billion ($10 billion) offer. Foster’s shares advanced 1.8 percent to A$4.99.

Primary Health Care Ltd. (PRY) : The medical-tests provider was raised to “outperform” from “underperform” at Macquarie Group Ltd. The stock surged 5.3 percent to A$2.80.

Qantas Airways Ltd. (QAN) : Australia’s biggest carrier said it hasn’t received a proposed takeover approach “formal or informal,” after a surge in its shares late yesterday, according to an e-mailed statement today. Qantas jumped 8.5 percent to A$1.54.

Telstra Corp. (TLS AU): Speculation is growing that Telstra will undertake a “sizable” share buyback if shareholders approve its deal with NBN Co., the government-backed company building a national broadband fiber network, the Australian Financial Review reported in its Street Talk column. The paper cited unnamed fund managers.

Telstra agreed in June to a compensation package in return for progressively handing over its fixed-line assets to NBN. Australia’s largest telephone company rose 1.4 percent to A$3.01 yesterday.

Treasury Wine Estates Ltd. (TWE AU): The world’s second- largest winemaker was rated new “neutral” at Macquarie Group Ltd. Its shares gained 4.4 percent to A$3.31.

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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