Anvil, Aquila, BHP, Cochlear, Qantas: Australian Stock Preview
The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.
The S&P/ASX 200 Index futures contract due in September gained 1.8 percent to 4,088 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index lost 0.7 percent. The S&P/ASX 200 Index fell 1.6 percent to 4,005.80.
Mining companies: A measure of primary metals traded in London fell 1.2 percent yesterday for a fourth straight daily decline. Copper futures for December delivery dropped 1.8 percent in New York.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, sank 1.1 percent to A$36.90. Its American depositary receipts dropped 0.4 percent in New York trading.
Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, fell 0.8 percent to A$68.35 in Sydney. Rio sold $2 billion of notes in its second bond offering this year as borrowing costs hover at about the lowest on record, according to data compiled by Bloomberg.
Oil stocks: Crude oil for October delivery declined 1.4 percent on the New York Mercantile Exchange.
Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, lost 2.7 percent to A$32.25. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, fell 2.4 percent to A$10.94.
Anvil Mining Ltd. (AVM) : The precious-metals mining company has at least one Chinese suitor, possibly Minmetals Resources Ltd., looking through its books, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. Anvil’s shares dropped 2.6 percent to A$5.62.
Australia & New Zealand Banking Group Ltd. (ANZ) : The lender plans to open as many as 30 branches in India and enter wealth-management business in the South Asian nation, Chief Executive Officer Michael Smith said in Mumbai yesterday. The stock lost 1.6 percent to A$19.02.
Aquila Resources Ltd. (AQA) : Aquila posted a full-year loss of A$64.6 million ($66.3 million), compared with a A$33.1 million loss a year earlier. Aquila slid 5.6 percent to A$5.55.
Cochlear Ltd. (COH) : The maker of hearing implants had its earnings-per-share forecast for fiscal 2012 and 2013 cut by 11 percent at UBS AG. The stock tumbled 15 percent to A$51.30.
News Corp. (NWSA) : The media company has more films and television shows available to sell to Netflix Inc., an online subscription service, President and Chief Operating Officer Chase Carey said yesterday.
There is room to expand News Corp. (NWS)’s online presence without harming the market for traditional cable television, Carey said at a Bank of America Merrill Lynch conference in Beverly Hills, California. The stock declined 0.6 percent to A$15.55.
Qantas Airways Ltd. (QAN) : The carrier said it was told by the Transport Workers Union that as many as 3,800 baggage handlers, ground staff, catering, freight and other transport employees will go on strike for four hours from 5 a.m. on Sept. 20. Qantas shares slid 0.3 percent to A$1.49.
Sigma Pharmaceuticals Ltd. (SIP) : The drugmaker was raised to “buy” from “hold” at Deutsche Bank AG. Its shares jumped 12 percent to 58 Australian cents.
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