Breaking News

IBM No Longer Sees Delivering 'at Least $20 Operating EPS' in 2015
Tweet TWEET

Australian, N.Z. Stocks: Amcor, BHP, Coalspur, Newcrest, Santos

Australia’s S&P/ASX 200 Index sank 1.6 percent to 4,144.90 at the close of trading in Sydney. New Zealand’s NZX 50 Index slid 0.3 percent to 3,289.77 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 crude oil futures lost 2.5 percent yesterday, while copper futures for December delivery dropped 3 percent.

BHP Billiton Ltd. (BHP) , the world’s top mining company, fell 2.5 percent to A$35.48. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, lost 3.4 percent to A$62.85.

Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, declined 2.2 percent to A$12.07. Santos reported September quarter production of 12.7 million barrels of oil equivalent, according to a regulatory filing.

Woodside Petroleum Ltd. (WPL) , the second-biggest, retreated 4.2 percent to A$33.60.

Amcor Ltd. (AMC AU) climbed 1.4 percent to A$7.03 after the managing director of Australia’s biggest packaging company said first-quarter trading was in line with expectations, and that it remains “confident” of posting higher earnings in 2012.

Coalspur Mines Ltd. (CPL) rose 5.9 percent to A$1.70. The company, which explores for coal in Canada, said it boosted forecast annual coal production capacity by 24 percent following a higher clean-coal yield at the Vista Coal Project.

Newcrest Mining Ltd. (NCM) dropped 6.4 percent to A$33.45 after Australia’s largest gold mining company reported that first-quarter gold output fell 13 percent after a maintenance shutdown and heavy rain.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.