Australia’s S&P/ASX 200 Index fell 0.7 percent to 4,900 at the close in Sydney. New Zealand’s NZX 50 Index sank 0.9 percent to 3,381.93 at the close in Wellington.
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Amcor Ltd. (AMC AU) rose 1.9 percent to A$6.85 after Australia’s biggest packaging company reported first-half net income of A$226.1 million ($229.1 million).
BlueScope Steel Ltd. (BSL AU) slumped 3 percent to A$2.30. Australia’s largest steelmaker said its first-half loss widened because of higher costs and lower domestic demand.
Caltex Australia Ltd. (CTX AU) climbed 7.1 percent to A$15.33. The nation’s biggest oil refiner said full-year operating profit increased 49 percent as transport petroleum sales rose to a record and after the margin on producing fuels widened.
Carnarvon Petroleum Ltd. (CVN AU) dropped 3.7 percent to 39 Australian cents after Sun Resources NL said in a statement that the Tapao Kaew No. 1 well, managed by Carnarvon, was recommended to be plugged and abandoned.
James Hardie Industries SE (JHX AU) dropped 1.1 percent to A$6.56. The biggest seller of home siding in the U.S. had its stock rating cut to “hold” from “buy” by analysts at Citigroup Inc.
Seven Group Ltd. (SVW AU) rose 2.3 percent to A$9.30 after reaching a deal with West Australian Newspapers Holdings Ltd. (WAN AU) over the sale of its media unit. West Australian shares are halted. Austar United Communications Ltd. (AUN AU), a pay-television company, jumped 6.9 percent to A$1.09.
Cavalier Corp. Ltd. (CAV NZ), a carpet supplier to residential and commercial property owners, climbed 1.6 percent to NZ$3.28 after reporting first-half earnings.
PGG Wrightson Ltd. (PGW NZ) plunged 5.3 percent to 54 New Zealand cents. New Zealand’s biggest agricultural services company said a second party which had indicated that it may make a takeover offer for the company isn’t proceeding with a bid.