Sept. 29 (Bloomberg) -- Australia’s S&P/ASX 200 Index dropped 0.5 percent to 4,645 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index slipped 0.1 percent to 3,226.88 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.
Gold producers: Gold rose to a record for the eighth time in two weeks yesterday as the dollar dropped to the lowest level since early February.
Newcrest Mining Ltd. (NCM AU), Australia’s largest gold producer, rose 1.6 percent to A$40. St. Barbara Ltd. (SBM AU) gained 1.2 percent to 41.5 Australian cents.
CSR Ltd. (CSR AU) lost 1.4 percent to A$1.805. Australia’s No. 2 building products maker was downgraded to “neutral” from “buy” at UBS AG.
Downer EDI Ltd. (DOW AU) gained 2.1 percent to A$4.86. The Australian engineering company hired National Australia Bank Ltd. and Royal Bank of Scotland Group Plc to help it arrange A$400 million ($387 million) of loans, a person familiar with the matter said.
Lynas Corp. (LYC AU) rose 2.6 percent to A$1.36. The company, building a A$550 million rare-earths project in Australia, agreed to supply a Japanese customer, a day after Japan said a “de facto” export ban by China on the materials may harm the Japanese economy.
Nufarm Ltd. (NUF AU) fell 5.8 percent to A$3.71. Australia’s largest supplier of farm chemicals was downgraded to “sell” from “neutral” at UBS AG.
Abano Healthcare Group (ABA NZ) gained 1.5 percent to NZ$5.28. The New Zealand medical services provider said it sold a stake in National Hearing Care, and expects to return some of the proceeds to shareholders early next year.
To contact the reporter for this story: Shani Raja in Sydney at firstname.lastname@example.org.
To contact the editor responsible for this story: Darren Boey at email@example.com.