Australia’s S&P/ASX 200 Index gained 1.7 percent to 4,275.40 at the close of trading in Sydney. New Zealand’s NZX 50 Index added 0.4 percent to 3,316.96 in Wellington.
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Commodity stocks: New York-traded copper futures rose 3.1 percent on Oct. 14, while the London Metal Exchange Index of prices for six metals including copper and aluminum advanced 2.1 percent. Crude oil futures in New York gained 3.1 percent.
BHP Billiton Ltd. (BHP) , the world’s top mining company, rose 2.1 percent to A$37.65. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, gained 2.4 percent to A$69.95. PanAust Ltd. (PNA) advanced 4 percent to A$3.12 after the copper producer was raised to “buy” from “hold” by E.L. & C. Baillieu Stockbroking Ltd. Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, rose 1 percent to A$35.37. Santos Ltd. (STO) , the nation’s third-largest company in the sector, rose 0.7 percent to A$12.54.
Coalspur Mines Ltd. (CPL) climbed 11 percent to A$1.73. The coal explorer, which operates in Canada, said quality testing showed a higher clean-coal yield at its Vista Coal Project than previously estimated.
Computershare Ltd. (CPU) gained 0.9 percent to A$7.50 after the share registrar was rated “positive” by Evans and Partners Pty.
Qantas Airways Ltd. (QAN) lost 1.3 percent to A$1.54. Australia’s biggest carrier is facing strikes that have forced it to ground aircraft and cut 400 domestic flights over the next month, Chief Executive Officer Alan Joyce said in an interview on Sky News yesterday.
The Australian and International Pilots Association said yesterday that Qantas management had halted talks with the union.
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