Australia Stocks: Amcor, Coalspur, Fairfax, Macquarie, Mesoblast
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Mining stocks: The London Metal Exchange Index of prices for six metals, including copper and aluminum, gained 4.8 percent yesterday.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rose 0.9 percent to A$38.69. Rio Tinto Group (RIO) , the second-largest miner by sales, added 0.8 percent to A$70.22. The company’s $581 million offer for Hathor Exploration Ltd. will not face scrutiny from the Canadian government, a Rio Tinto spokesman said.
Amcor Ltd. (AMC) slid 4 percent to A$7.05. Australia’s biggest packaging company was downgraded to “neutral” from “overweight” at JPMorgan Chase & Co.
Aquila Resources Ltd. (AQA AU) jumped 5.8 percent to A$6.18. The company said the amount of saleable coal produced at its Isaac Plains mine jumped 71 percent in the quarter ended September from the previous three months.
Coalspur Mines Ltd. (CPL) added 5 percent to A$1.89. The coal explorer, which operates in Canada, said it had secured a 14-year port allocation in British Columbia for up to 8.5 million metric tons per year starting in 2015.
Fairfax Media Ltd. (FXJ) surged 6.1 percent to 96 Australian cents. The media company said it will retain its metropolitan radio assets, scrapping earlier plans to sell.
Macquarie Group Ltd. (MQG) gained 3.3 percent to A$25.15. Australia’s biggest investment bank said it would buy back as much as 10 percent of its shares.
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