Thursday, June 28, 2007

Australia's S&P/ASX 200 Rises, Led by BHP, Woodside on Higher Commodities

(Bloomberg) -- Australian shares rose, with the key
stock index heading for its fourth straight quarterly advance. BHP
Billiton Ltd. and Woodside Petroleum Ltd. gained after prices of
commodities such as copper and oil climbed.

``Commodity demand remains overwhelming relative to supply,
so there looks like there could be more upside for mining
companies' shares,'' said Atul Lele, who helps manage about $380
million at White Funds Management in Sydney.


Read more at Bloomberg Stocks News

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