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Aussie stocks decline; Centro, Henderson gain
(Adds Centro Retail, Centro Properties, Henderson, updates indexes)

SYDNEY, Feb 28 (Reuters) - Australian shares fell 1.3 percent on Thursday as fresh credit concerns prompted investors to book profits after three straight days of gains, while Suncorp-Metway Ltd (SUN.AX


SUNCORP METWAY28 February,200828/02/2008 15:04 Sydney, Australia.
Value Change % Change
14.400 -1.130 -7.280%

Company overview
Real-time quote
SUN.AX , 14.400, -1.130, -7.280%) dropped on weaker-than-expected earnings.

But shares in power retailer Origin Energy Ltd (ORG.AX


ORIGIN ENERGY28 February,200828/02/2008 15:04 Sydney, Australia.
Value Change % Change
8.530 +0.610 +7.700%

Company overview
Real-time quote
ORG.AX , 8.530, +0.610, +7.700%) jumped after it gave an upbeat outlook.

The benchmark S&P/ASX 200 index (.AXJO


S&P/ASX 20028 February,200828/02/2008 15:04 Sydney, Australia.
Value Change % Change
5655.2 -112 -1.9%

Australian indices
International indices
.AXJO , 5655.2, -112, -1.9%) fell 77.1 points to 5,690.1 by 0047 GMT, after rising a total of 3.7 percent in the previous three sessions.

New Zealand's benchmark NZX-50 index <.NZ50> rose 0.8 percent, or 29.40 points, to 3,591.78. Top stock Telecom Corp Ltd was up 0.8 percent at NZ$3.92.

STOCKS ON THE MOVE

* Centro Retail Trust (CER.AX


CENTRO RETAIL GR28 February,200828/02/2008 15:04 Sydney, Australia.
Value Change % Change
0.435 +0.120 +38.100%

Company overview
Real-time quote
CER.AX , 0.435, +0.120, +38.100%) jumped 58.7 percent to A$0.50 after its parent Centro Properties Group (CNP.AX
CENTRO PROP28 February,200828/02/2008 15:04 Sydney, Australia.
Value Change % Change
0.575 +0.075 +15%

Company overview
Real-time quote
CNP.AX , 0.575, +0.075, +15%) said the trust was widely diversified and its U.S. operations would not be severely hit by an economic downturn there. [nSYD67132]

Centro Properties shares rose 17 percent to A$0.585.