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The All Ordinaries Index gained 6.7 points to end the day 0.2% higher at 4,309.5.
Crown Limited (CWN) gained 0.4% to close at $8.59 after it announced a $400m issue of subordinated notes.
The proceeds from the offer will be used for general corporate purposes and will support Crown’s strategy of improving and growing its portfolio of well-recognised, premium branded assets.
UGL Limited (UGL) fell 10.7% to close at $11.49 after reporting net profit of $168m in the year to 30 June 2012, up 2% on the previous corresponding period.
UGL expects 2013 trading conditions overall to result in similar outcomes to the 2012 financial year with stronger growth to return when global economic conditions stabilise and confidence returns.
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Best performing stocks:
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BlueScope Steel Ltd (BSL)
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$0.35
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+34.62%
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Downer EDI Limited (DOW)
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$3.47
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+11.22%
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JB Hi-Fi Limited (JBH)
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$9.75
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+5.75%
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Arrium Ltd (ARI)
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$0.86
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+5.52%
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Newcrest Mining (NCM)
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$25.40
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+4.40%
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Major stock falls:
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UGL Limited (UGL)
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$11.49
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-10.65%
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James Hardie Industries (JHX)
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$7.77
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-6.05%
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QBE Insurance Group (QBE)
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$13.85
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-3.69%
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Seven West Media Ltd (SWM)
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$1.53
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-3.48%
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Westfield Group (WDC)
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$9.60
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-3.32%
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