Australian, N.Z. Stocks: Amcor, BHP, Coalspur, Newcrest, Santos
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Commodity stocks: New York-traded crude oil futures lost 2.5 percent yesterday, while copper futures for December delivery dropped 3 percent.
BHP Billiton Ltd. (BHP) , the world’s top mining company, fell 2.5 percent to A$35.48. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, lost 3.4 percent to A$62.85.
Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, declined 2.2 percent to A$12.07. Santos reported September quarter production of 12.7 million barrels of oil equivalent, according to a regulatory filing.
Woodside Petroleum Ltd. (WPL) , the second-biggest, retreated 4.2 percent to A$33.60.
Amcor Ltd. (AMC AU) climbed 1.4 percent to A$7.03 after the managing director of Australia’s biggest packaging company said first-quarter trading was in line with expectations, and that it remains “confident” of posting higher earnings in 2012.
Coalspur Mines Ltd. (CPL) rose 5.9 percent to A$1.70. The company, which explores for coal in Canada, said it boosted forecast annual coal production capacity by 24 percent following a higher clean-coal yield at the Vista Coal Project.
Newcrest Mining Ltd. (NCM) dropped 6.4 percent to A$33.45 after Australia’s largest gold mining company reported that first-quarter gold output fell 13 percent after a maintenance shutdown and heavy rain.
To contact the reporter on this story: Shani Raja in Sydney at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Gentle at email@example.com