Stocks to watch on the Australian stock exchange at close on Monday:
BHP – BHP BILLITON LTD – down three cents at $33.40
WPL – WOODSIDE PETROLEUM LTD – down eight cents at $36.86
Australia’s energy players are looking at offshore gas processing to ensure resources such as the Browse and Scarborough fields are exploited in the near future.
DLX – DULUXGROUP – down eight cents at $4.44
Paint maker DuluxGroup may save twice as much as originally expected from its takeover of building products and garage door supplier Alesco.
FUN – FUNTASTIC – steady at 23.5 cents
Funtastic is pinning its hopes on a slushy cup as the toy distributor shrugged off tough trading conditions to deliver a 68 per cent leap in first half profit.
LEI – LEIGHTON HOLDINGS – up 87 cents at $21.07
Leighton has elevated Bob Humphris to chairman as the construction giant seeks to quickly put the sudden resignations of three directors behind it.
WDC – WESTFIELD GROUP – up 18 cents at $10.94
Shopping centre developer Westfield Group will sell a 49.9 per cent stake in six shopping malls in Florida to O’Connor Capital Partners for $US700 million.
WPL – WOODSIDE PETROLEUM LTD – down eight cents at $36.86
Gary Gray says there’s no conflict between his new job as federal resources minister and his old job with oil and gas giant Woodside.
