Australia, N.Z. Stocks: BHP, CSL, Goodman, Rio Tinto, Woodside
Australia’s S&P/ASX 200 Index gained 1.7 percent to 4,608 at the 4:10 p.m. close of trading in Sydney, capping a 4.8 percent quarterly drop, the first in four. New Zealand’s NZX 50 Index (NZSE50FG) rose 1 percent to 3,448.35 at the 5p.m. close in Wellington, capping a 0.3 percent gain in the past three months, its fourth straight quarterly gain.
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 September delivery rose 2.8 percent in New York yesterday after reports that more Americans than forecast signed contracts to buy previously owned homes and Japanese industrial production expanded.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, advanced 1.5 percent to A$43.80. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, climbed 1.8 percent to A$82.99.
Oil stocks: Oil rose for a third day, after climbing 2 percent yesterday in New York.
Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, rose 0.9 percent to A$41. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, added 2.6 percent to A$13.54.
CSL Ltd. (CSL) gained 2.4 percent to A$33.06. The drugmaker was raised to “neutral” from “underperform” at Macquarie Group Ltd.
Goodman Group (GMG) Ltd climbed 0.7 percent to 70.5 Australian cents. The Australian investment trust agreed to sell a 50 percent stake in Hong Kong Interlink, a 2.4-million square foot industrial facility being built in the Chinese city’s Tsing Yi district, to Canada Pension Plan Investment Board for about A$274 million.
Infigen Energy (IFN) surged 7.7 percent to 35 Australian cents. The Australian developer of renewable-energy projects said it sold its portfolio of German wind energy assets to European Sustainable Power Fund 2, a fund focused on renewable energy.
To contact the reporter on this story: Shani Raja in Sydney at firstname.lastname@example.org.
To contact the editors responsible for this story: Nick Gentle at email@example.com.