Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Australian, N.Z. Stocks: Aquila, ANZ, Fairfax, Orica, Kathmandu

May 3 (Bloomberg) -- Australia’s S&P/ASX 200 Index fell 0.8 percent to 4,784.60 at the 4:10 p.m. in Sydney. New Zealand’s NZX 50 Index dropped for a second day, losing less than 0.1 percent to 3,495.11 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.

Gold producers: Gold futures for June delivery rose 70 cents to settle at $1,557.10 in New York, extending the precious metal’s rally to a record.

Newcrest Mining Ltd. (NCM AU), Australia’s biggest gold producer, fell 1.5 percent to A$40.54. Rival St. Barbara Ltd. (SBM AU) declined 0.9 percent to A$2.20.

APN News & Media Ltd. (APN AU) lost 5.7 percent to A$1.49. The publishing company said first-half earnings before interest and taxes will be below last year by A$15 million to A$20 million.

Aquila Resources Ltd. (AQA AU) dropped 5.9 percent to A$8.18. The mining company was downgraded to “sell” from “hold” by Royal Bank of Scotland Plc analysts.

Australia & New Zealand Banking Group Ltd. (ANZ AU) fell 2.1 percent to A$23.80. The nation’s third-biggest lender by market value reported first-half profit of A$2.66 billion (2.91 billion), missing analyst estimates of A$2.77 billion.

Fairfax Media Ltd. (FXJ AU) slumped 8 percent to A$1.21. Australia’s second-largest newspaper publisher said it expects to report earnings before interest, taxes, depreciation and amortization of about A$600 million, excluding significant items, for the full financial year. Its stock rating was cut to “sell” from “hold” at Deutsche Bank AG. The publisher was the biggest loser on the index.

OneSteel Ltd. (OST AU) climbed 3.4 percent to A$2.15. The second-largest Australian producer of the alloy was raised to “overweight” from “neutral” at JPMorgan Chase & Co.

Orica Ltd. (ORI AU) slipped 2.3 percent to A$26.62. The world’s largest industrial explosives maker was cut to “sell” from “hold” by Citigroup Inc. analysts and to “neutral” from “outperform” at Credit Suisse AG.

New Zealand:

Kathmandu Holdings Ltd. (KMD NZ) jumped 6.1 percent to NZ$2.60. The retailer of outdoor clothing and equipment said third-quarter sales rose 32 percent from a year earlier while sales for the nine months ended May 1 increased 23 percent.

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net;

To contact the editors responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.