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Rise and Fall of Stock Market in Australia

 There are many companies in Australia which have shares in stock market. Among the leading companies mention may be made of Alinta Energy Ltd., BHP Billion Ltd., Rio Tinto Group, Newcrest Mining Ltd., Woodside Petroleum Ltd., and so on.

Among those companies Rio Tinto Group is world’s Third biggest mining company which has fallen down from .7% to A$86.44 in Sydney. This company has signed a $6 billion credit line to refinance the debt.

Woodside petroleum Ltd. Company is the second biggest oil and gas producing company in Australia. Shares of this company have slipped from 6% to A$42.16.

Alinta Energy Ltd. is standing in second position among the gold producing companies in Australia. A unit of this company has said that the progress of this company is unchanged.

BHP Billion Ltd. is considered as world’s biggest miner. This company has become successful to improve its share up to .7% in Sydney.

Newcrest Mining Ltd. is a big gold producing company in the world. This company is standing in the first position among the gold producers in Australia. This company lost 1.3 percent to A$41.10.

The Bank of New York Australia ADR Index slipped 2.5%. The S&P/ASX 200 Index climbed .3 percent to 4,700.30.

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Disclosure: "No Positions"