SYDNEY: Australia’s S&P/ASX 200 Index rose 0.3% to 4,080.5 at 10:41 a.m. in Sydney.
New Zealand’s NZX 50 Index advanced 0.2% to 3,518.2 in Wellington.
The following were among the most active shares in the market today:
AGL Energy Ltd. (AGK AU) may decline when trading resumes after the energy supplier said it is seeking to raise A$900 million at A$11.60 per shares to buy out partners in a power station. That is a 22% discount to yesterday’s closing price.
Goodman Fielder Ltd. (GFF AU) climbed 3.5% to 59.5 Australian cents after Cargill Inc. confirmed its interest in buying the oil and fats units of Goodman, the owner of baking, dairy and oil brands.
Linc Energy (LNC AU) rallied 8.7% to 64.7 Australian cents, recouping some of yesterday’s 13% plunge, after the company said it sees no reason for the drop in its stock price.
Myer Holdings Ltd. (MYR AU), the country’s largest department-store chain, fell 1.2% to A$1.975, a second day of declines. Royal Bank of Scotland Group Plc downgraded the shares to “hold” from “buy,” after the company yesterday cut its profit forecast.
Fisher & Paykel Appliances Holdings Ltd. (FPA NZ), New Zealand’s largest maker of refrigerators, climbed 2.8% to 55.5 New Zealand cents after reporting an “encouraging” performance in its appliance and finance units.(Bloomberg/T03)