Australia, N.Z. Stocks: Asciano, BHP, Lend Lease, Rio, Woodside
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Mining companies: Copper futures for July delivery climbed 2.7 percent to $4.105 a pound on the Comex in New York yesterday, the biggest gain since March 23.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, gained 1.2 percent to A$44.82. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, rose 1.3 percent to A$81.10. OZ Minerals Ltd. (OZL) , an Australian copper and gold producer, advanced 5.2 percent to A$1.525.
Oil stocks: Crude oil climbed 3.3 percent to $100.10 a barrel on the New York Mercantile Exchange yesterday after an Energy Department report showed an unexpected drop in U.S. inventories.
Asciano Ltd. (AIO) gained 3.2 percent to A$1.62. Australia’s largest port operator was raised to “overweight” from “neutral” at JPMorgan Chase & Co.
Lend Lease Group (LLC) climbed 2.1 percent to A$8.60. The company is renewing its attempt to buy Centro Property Group’s Australian shopping centers without the institutional partners involved in its earlier proposal for all of the company’s malls, the Australian newspaper reported, without saying where it got the information. Centro dropped 1.7 percent to 5.7 Australian cents.
Ryman Healthcare Ltd. (RYM) climbed 2.3 percent to NZ$2.68 after New Zealand’s largest publicly traded retirement village manager said full-year underlying profit increased by 17 percent to NZ$72 million.
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