Sharemarket Wrap 28 June 2012
The All Ordinaries Index gained 1.6 points to end the day mostly unchanged at 4,085.6.
Santos Limited (STO) ended the day 5.3% lower to close at $10.45 after increasing the capital expenditure cost for its Gladstone LNG (GLNG) project by US$2.5bn to US$18.5bn. Santos’ net 30% share of the estimated increase is US$750m.
Leighton Holdings (LEI) ended the day 1.5% lower to close at $15.96 after announcing the expected completion date (27 July 2012) of the Airport Link project in Brisbane. Under the terms of the agreement, LEI must pay the road's operator, Brisconnections, $973,973 for each day the project is not open past June 30 2012, meaning the late opening will cost Leighton at least $26.3m.
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Best performing stocks:
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News Corp (NWS)
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$22.37
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+4.05%
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Iluka Resources (ILU)
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$11.23
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+3.60%
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Aurora Oil & Gas (AUT)
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$3.03
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+3.41%
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Campbell Brothers (CPB)
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$53.48
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+3.18%
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Regis Resources (RRL)
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$3.89
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+2.91%
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Major stock falls:
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Santos Ltd (STO)
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$10.45
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-5.34%
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Boral Limited (BLD)
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$2.99
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-4.47%
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Alumina Limited (AWC)
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$0.77
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-4.35%
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Seven West Media Ltd (SWM)
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$1.70
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-3.41%
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Origin Energy (ORG)
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$12.20
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-3.25%
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Source: ASX, Reuters, Morningstar, Bloomberg, Lonsec