STOCKS TO WATCH ON THE AUSTRALIAN STOCK EXCHANGE ON THURSDAY SEPTEMBER 8
BGA – BEGA CHEESE LTD – up eight cents at $1.88
WES – WESFARMERS LTD – up 92 cents at $30.57
Coles announces it has awarded its entire housebrand cheese business to Australian dairy processor Bega Cheese Limited.
CEU – CONNECTEAST GROUP – steady at 53.5 cents
Takeover target ConnectEast Group has posted an 11.9 per cent rise in average daily revenue (ADR) for August.
GID – GI DYNAMICS INC – down 17 cents at 93 cents
Securities in US-based biotech GI Dynamics Inc, which started trading on the Australian Securities Exchange on Wednesday, have fallen well below their offer price.
GXY – GALAXY RESOURCES LTD – up 6.5 cents at 83 cents
Lithium miner Galaxy Resources has put electric-bicycle batteries into its customer orbit.
IAU – INTREPID MINES LTD – up three cents at $1.32
Intrepid Mines has rejected a media report suggesting the gold, copper and silver explorer is in merger talks with G-Resources.
MQG – MACQUARIE GROUP LTD – up 37 cents at $23.53
Market turbulence during August hit Macquarie Group Ltd’s capital markets business, prompting the investment bank to warn its first half profit would be lower on reduced trading volumes.
NTU – NORTHERN MINERALS LTD – up 3.5 cents at 69 cents
Shares in Northern Minerals rose after the rare earths explorer reported high grade exploration results from its Browns Range project in Western Australia’s far north.
NWS – NEWS CORPORATIONS LTD – up 51 cents at $15.76
NWSLV – NEWS CORPORATION LTD NON VOTING SHARES – up 41 cents at $15.52
James Murdoch will be further questioned over claims he knew about an email that showed phone hacking at the now-defunct News of the World tabloid was more widespread than his company claimed.
QAN – QANTAS AIRWAYS LTD – up three cents at $1.59
Qantas Airways chief executive Alan Joyce was awarded $2.2 million worth of shares in 2010/11, lifting his total remuneration package to $5.1 million and up significantly from the prior year.
TLS – TELSTRA CORPORATION LTD – up six cents at $3.03
SGT – SINGAPORE TELECOMMUNICATIONSL LTD – up five cents at $2.46
The national broadband network (NBN) has established its first connections to newly-built homes.
The fibre-optic network was officially switched on on Wednesday to homes being built at the Bunya Estate in the western Sydney suburb of Doonside.
WDC – WESTFIELD GROUP – up six cents at $7.82
London Olympic organisers say they have reached their domestic sponsorship target of $US1.1 billion ($A1.05 billion) after signing up Westfield as the official shopping centre of the 2012 Games.
