Australian, N.Z. Stocks: Independence Group, Saracen, Woolworths
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 (LMEX) Index of prices for six industrial commodities including copper and aluminum fell 1.2 percent yesterday.
Henderson Group Plc (HGG) tumbled 3.2 percent to A$1.82. The financial services provider said clients pulled 6.4 billion pounds ($10 billion) of assets last year. The company warned of an “uncertain” outlook for 2012.
Independence Group NL (IGO) slumped 3.6 percent to A$4.33. The mining company reported a loss of A$144.6 million ($155.5 million) in the six months through Dec. 31, swinging from a A$22.6 million gain a year earlier.
Saracen Mineral Holdings Ltd. (SAR) plunged 11 percent to 64.5 Australian cents, the biggest decline on Australia’s benchmark index. The gold explorer yesterday reported a 72 percent plunge in first-half profit to A$9.6 million from a year earlier.
Southern Cross Media Group Ltd. (SXL) jumped 6.3 percent to A$1.345, the biggest gain on the S&P/ASX 200. The broadcasting and publishing company reported first-half net income of A$94 million, up from A$33.6 million a year ago.
Woolworths Ltd. (WOW) was little changed at A$25.30. Australia’s largest retailer said group profit before interest and tax rose 3.3 percent to A$1.85 billion in the first half.
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