Australia’s S&P/ASX 200 Index advanced 0.8 percent to 4,726.80 as at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index declined 0.3 percent to 3,281.86 in Wellington.
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Mining shares: Copper prices rose to a three-week high in New York yesterday on speculation a recovery in the global economy will boost demand.
BHP Billiton Ltd. (BHP AU), the world’s largest mining company, gained 1.2 percent to A$45.08. Rio Tinto Group (RIO AU), the world’s third-biggest miner, rose 1.6 percent to A$87.34.
Gold producers: Gold climbed to an all-time high of $1,427.55 an ounce yesterday and rose to a record in euros today.
Newcrest Mining Ltd. (NCM AU), Australia’s biggest gold producer, gained 1 percent to A$41.50. Avoca Resources Ltd. (AVO AU) advanced 5.2 percent to A$3.42.
Infigen Energy (IFN AU) slumped 2.8 percent to 51.5 Australian cents. The Australian wind-power producer was downgraded to “neutral” from “buy” at UBS AG.
Perseus Mining Ltd. (PRU AU) surged 4.6 percent to A$3.21 after the mineral exploration company said drilling in West Africa delivered “more strong results.”
Hallenstein Glasson Holdings Ltd. (HLG NZ) fell 3.1 percent to NZ$4.07 after the New Zealand clothing retailer said sales in the four months ended Nov. 30 were “flat” compared with the year-earlier period.