Australian, N.Z. Stocks: BHP, Dart, Leighton, Newcrest, Virgin
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Commodity stocks: Copper and oil futures climbed today after U.S. reports on durable-goods orders and home prices beat economists’ estimates, easing concern the world’s biggest economy is slowing.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rose 1.1 percent to A$38.61. BHP yesterday reported that second-half profit climbed to a record $13.1 billion, beating analyst estimates.
Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, gained 1.2 percent to A$69.73. Rio increased its stake in Ivanhoe Mines Ltd. (IVA AU) to 48.5 percent from 46.5 percent. Ivanhoe’s shares rose 1.7 percent to A$1.80.
Woodside Petroleum Ltd. (WPL) , Australia’s No. 2 oil and gas producer, climbed 2.8 percent to A$35.75.
Gold producers: Gold futures for December delivery plunged 5.6 percent on the Comex in New York.
Charter Hall Office REIT (CQO) rose 2.9 percent to A$2.89. The Australian property trust was raised to “overweight” from “underweight” at JPMorgan Chase & Co.
Dart Energy Ltd. (DTE) jumped 11 percent to 65.5 Australian cents. The oil and gas company said it plans to restructure its portfolio, which may include listing its international coal-bed-methane assets on the Singapore Stock Exchange.
FKP Property Group (FKP) surged 7.5 percent to 50 Australian cents after reporting a 62 percent jump in full-year profit and doubling its dividend.
Iluka Resources Ltd. (ILU) gained 5.5 percent to A$16.35. The world’s biggest zircon producer reported first-half net income of A$145.9 million ($152.5 million). Analysts had forecast interim profit of A$132.7 million.
Ramsay Health Care Ltd. (RHC) advanced 4.2 percent to A$17.52. Australia’s biggest private-hospital operator reported full-year net income of A$198.4 million. Analysts had forecast annual profit of A$197 million.
Toll Holdings Ltd. (TOL) surged 8.6 percent to A$4.69. Australia’s biggest logistics company reported better than expected annual profit.
Transfield Services Ltd. (TSE) plunged 22 percent to A$2.30 after the provider of services to the oil and gas industry reported a full-year net loss.
Virgin Blue Holdings Ltd. (VBA) jumped 15 percent to 27 Australian cents after the nation’s second-biggest carrier reported earnings and said that corporate and government revenue grew by 29 percent.
Woolworths Ltd. (WOW) fell 5.6 percent to A$25.75 after the retailer reported full-year net income of A$2.12 billion and provided an earnings forecast that missed analyst estimates.
Skellerup Holdings Ltd. (SKL) climbed 1.6 percent to NZ$1.24 after the New Zealand manufacturer of rubber products used in the dairy industry reported a 69 percent increase in full-year net profit.
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