News from AAP

Stocks to watch on Tuesday

Print This Post A A A

Stocks to watch on the Australian stock exchange on Tuesday, February 26

BPT – BEACH ENERGY LTD – up 7.5 cents at $1.37

Shares in Beach Energy have gained almost six per cent after Chevron Australia announced it will take a stake in two gas exploration sites in the Cooper Basin.

BYI – BEYOND INTERNATIONAL LTD – up 25.5 cents at $1.435

The company behind the hit television series MythBusters is on the hunt for new businesses as it seeks to further boost earnings.

CTX – CALTEX AUSTRALIA LTD – up 43 cents at $18.67

Caltex says it will find enough fuel to supply customers despite the looming closure of a refinery adding to worries about Australia’s energy security.

LEI – LEIGHTON HOLDINGS LTD – up nine cents at $23.25

The value of a contract held by Leighton Holdings for work on the Gorgon natural gas project has more than doubled to nearly $1.8 billion.

OSH – OIL SEARCH LTD – up five cents at $7.43

Energy company Oil Search’s chairman Brian Horwood has quit as a director after nearly nine years in the role.

PFL – PATTIES FOODS LTD – down 13.5 cents at $1.565

Stiff competition in the supermarket frozen food aisle has eaten into Patties Foods margins and caused its first half profit to dip 16.5 per cent.

QAN – QANTAS AIRWAYS LTD – up one cent at $1.645

Qantas director Corrine Namblard has resigned from the airline’s board after becoming caught up in an Italian corruption investigation.

QBE – QBE LTD – down 15 cents at $13.03

The Finance Sector Union (FSU) has urged QBE Insurance Group to reveal whether or not it plans to send 700 Australian jobs offshore to Manila.

TEN – TEN NETWORK HOLDINGS LTD – up two cents at 31.5 cents

Ten Network Holdings shares are up in early trade as market players express hope that new management may improve the struggling free-to-air broadcaster’s performance.

WHG – WHK GROUP LTD – up one cent at $1.065

SFW – SFG AUSTRALIA LTD – down 0.5 cents at 60 cents

After recently cutting jobs to save costs, accounting firm WHK Group is considering a $320 million merger proposal from wealth management firm SFG Australia.