June 24 (Bloomberg) -- Australia’s S&P/ASX 200 Index gained 0.2 percent to 4,508.10 at the 4:10 p.m. close of trading in Sydney. New Zealand’s NZX 50 Index slipped 0.2 percent to 3,455.60 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.
Oil and airline stocks: Oil for August delivery dropped 4.6 percent on the New York Mercantile Exchange yesterday after the International Energy Agency said members would release crude from strategic reserves.
Woodside Petroleum Ltd. (WPL AU), Australia’s second-biggest oil and gas producer, fell 0.5 percent to A$40.20. Santos Ltd. (STO AU), Australia’s third-largest producer of the fuels, slid 0.8 percent to A$13.27. Qantas Airways Ltd. (QAN AU), Australia’s biggest carrier, advanced 1.9 percent to A$1.835 on the prospects for lower fuel prices.
Gold producers: Gold futures for August delivery declined 2.1 percent on the Comex in New York.
Newcrest Mining Ltd. (NCM AU), Australia’s biggest gold producer, dropped 0.9 percent to A$36.52. St. Barbara Ltd., which mines the metal in Western Australia, climbed 1.4 percent to A$1.835.
Adelaide Brighton Ltd. (ABC AU) gained 0.7 percent to A$3.08. The Australian producer of construction materials said it concluded the refinancing of its bank debt facilities with Commonwealth Bank of Australia, National Australia Bank Ltd. and Westpac Banking Corp.
Primary Health Care Ltd. (PRY AU) gained 3.7 percent to A$3.41. The medical-tests provider was raised to “strong buy” from “buy” at BBY Ltd.
Seven Group Holdings Ltd. (SVW AU) advanced 3.8 percent to A$8.80. The company which invests in media as well as industrial equipment was raised to “buy” from “hold” at Deutsche Bank AG, which cited a “pullback” in its share price and prospects for its Caterpillar heavy machinery-dealership business.
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