Australian, N.Z. Stocks: BHP, Telstra Corp., Lend Lease, Santos
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Oil stocks: Crude rose to the highest level in more than a month yesterday.
Banks and U.S.-linked shares: Bank of America Corp. swung to a profit and Intel Corp. forecast sales that beat analyst estimates, raising hopes economic growth will stabilize.
James Hardie Industries SE (JHX AU), which gets 68 percent of its sales from the U.S., gained 3.2 percent to A$5.76. Brambles Ltd. (BXB) , which gets 45 percent of its revenue from the Americas, climbed 0.9 percent to A$6.80.
Gold producers: Gold for December delivery fell 1.4 percent on the Comex in New York yesterday.
Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, slid 2.3 percent to A$35.75. Rival St. Barbara Ltd. (SBM AU) advanced 1.9 percent to A$2.20.
Lend Lease Corp. (LLC AU) climbed 2.5 percent to A$7.94. Australia’s largest property developer will start a private equity fund to acquire four shopping malls in New Zealand, according to a regulatory filing.
Telstra Corp. (TLS AU) added 1.6 percent to A$3.18. Australia’s biggest phone company gained shareholder approval to give up control of its copper-wire network to a government- backed fiber network in return for A$11 billion ($11.2 billion) of compensation.
Restaurant Brands New Zealand Ltd. (RBD) , which owns KFC, Pizza Hut and Starbucks franchises, fell 6.5 percent to NZ$2.02 after first-half profit slumped due to store closures following the Christchurch earthquake.
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