Dick Smith Holdings Ltd., Australia’s largest electronics chain by store numbers, made its stock market debut with a valuation more than five times the sale price received by former owner Woolworths Ltd.
The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed on Dec. 17. All prices are from that day’s close unless otherwise stated.
Australia’s inquiry into the retail industry is “too late” to stop some retailers going out of business due to competition from offshore websites, said Gerry Harvey , executive chairman of Harvey Norman Holdings Ltd.
Asian stocks rose, with the benchmark index set to enter a bull market, after U.S. consumer confidence beat expectations and factory output in Japan and South Korea gained, boosting optimism for global demand.