Australian, N.Z. Stocks: BHP, Telstra, SMS Management, Woodside

Australia’s S&P/ASX 200 Index fell 2.1 percent to 4,186.90 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index lost 1.1 percent to 3,279.11 at the 5 p.m. close 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 dropped 0.9 percent yesterday, while the London Metal Exchange Index of prices for six metals including copper and aluminum slipped 0.6 percent. Crude oil futures in New York slid 0.5 percent. Oil fell as much as 0.5 percent today, and copper futures declined as much as 1.9 percent.

BHP Billiton Ltd. (BHP) , the world’s top mining company, dropped 3.3 percent to A$36.40. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, lost 5.3 percent to A$66.25. PanAust Ltd. (PNA) sank 6.4 percent to A$2.92. Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, slid 1.1 percent to A$34.98. Santos Ltd. (STO) , the nation’s third-largest company in the sector, dropped 2.6 percent to A$12.22.

SMS Management & Technology Ltd. (SMX) gained 2.1 percent to A$5.42. The information-technology firm is considering a share buyback, according to a regulatory filing.

Seven West Media Ltd. (SWM AU) gained 2 percent to A$3.14 after the media company said it started a new credit facility with 12 domestic and international lenders.

Telstra Corp. (TLS AU) climbed 0.6 percent to A$3.13 after Australia’s biggest telephone carrier said investors are set to back the proposal to give up control of its copper-wire network in return for A$11 billion ($11.2 billion) from a government- backed fiber network.

Woolworths Ltd. (WOW) slipped 1 percent to A$24.45. Australia’s biggest retailer is seeking to raise A$500 million ($509 million) in a sale of hybrid securities. The unsecured subordinated notes due November 2036 will pay investors between 325 basis points and 350 basis points more than the bank bill swap rate, according to a stock-exchange filing today.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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