Australia’s S&P/ASX 200 Index gained 0.5 percent to 4,585 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index rose 0.4 percent to 3,488.85 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.
Infigen Energy (IFN AU) jumped 7.6 percent to 35.5 Australian cents. The Australian developer of renewable-energy projects agreed to sell its German wind-power assets to a European fund that it didn’t identify for 154.6 million euros ($222 million).
Nufarm Ltd. (NUF AU) dropped 1 percent to A$4.79. The supplier of farm chemicals was cut to “hold” from “buy” at Royal Bank of Scotland Group Plc.
Perseus Mining Ltd. (PRU AU) gained 3.8 percent to A$2.45. The Australian gold mining company with operations in Ghana announced “significant drill results” at the Tengrela project that it said will be reflected in future resource upgrades.
Qantas Airways Ltd. (QAN AU) dropped 0.3 percent to A$1.885. Australia’s biggest airline canceled all flights to New Zealand today as it suffered a third day of disruptions from a cloud of volcanic ash that has grounded flights across the Southern Hemisphere.
Santos Ltd. (STO AU) climbed 1 percent to A$14.09. Australia’s third-largest oil and gas producer was raised to “buy” at Royal Bank of Scotland Group Plc. It was previously rated “hold,” according to data compiled by Bloomberg.