Bloomberg News

Australian Stocks: Alacer, BHP, BlueScope, Charter Hall Retail

October 26, 2011

Oct. 26 (Bloomberg) -- Australia’s S&P/ASX 200 Index gained 0.4 percent to 4,242.50 at the close of trading in Sydney. The release of a report showing inflation slowed in the third quarter saw the gauge rebound from a loss of as much as 1.3 percent.

New Zealand’s NZX 50 Index was little changed at 3,296.98 in Wellington.

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, fell 1.1 percent yesterday.

BHP Billiton Ltd. (BHP AU), the world’s top mining company, dropped 0.6 percent to A$36.94. Rio Tinto Group (RIO AU), the world’s second-largest miner by sales, added 0.2 percent to A$66.74.

Alacer Gold Corp. (AQG AU) rose 7.8 percent to A$11.19. The gold explorer was raised to “outperform” from “underperform” at Credit Suisse Group AG.

BlueScope Steel Ltd. (BSL AU) fell 2.9 percent to 85 Australian cents. Australia’s largest steelmaker said New Zealand steel operations have been affected by a gas supply interruption.

Charter Hall Retail REIT (CQR AU) slipped 1.8 percent to A$3.28. The Australian real-estate investment trust was cut to “neutral” from “buy” at UBS AG.

--Editor: John McCluskey

To contact the reporters on this story: Lisa Pham in Sydney at lpham14@bloomberg.net; Nichola Saminather in Sydney at nsaminather1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus