Stocks to watch on the Australian stock exchange on Monday, May 28

CBA – COMMONWEALTH BANK OF AUSTRALIA – down 59 cents at $48.72

Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 percentage points.

CSS – CLEAN SEAS TUNA LTD – up 0.5 cents at 3.5 cents

Something fishy is afoot at Clean Seas Tuna as a mystery illness is killing its stock of Yellowtail Kingfish, adding at least $17.5 million to its full year loss.

EHL – EMECO HOLDINGS LTD – up two cents at 86.5 cents

Earthmoving equipment supplier Emeco has forecast full year profit growth of up to 41 per cent due to strong demand in Australia, Canada in Indonesia.

EKA – EUREKA ENERGY LTD – down 0.5 cents at 47 cents

AUT – AURORA OIL & GAS NL – down six cents at $3.20

Takeover target Eureka Energy has shrugged off criticism about its new $50 million debt facility after suitor Aurora Oil & Gas threatened to withdraw its offer.

FMS – FLINDERS MINING LTD – down three cents at 13 cents

Shares in iron ore miner Flinders Mining have plunged by almost 20 per cent after court delays pushed its proposed $554 million takeover by a Russian steel maker past

HST – HASTIE GROUP LTD – in trading halt, last traded at 16 cents

The future of troubled electrical and refrigeration company Hastie Group is under threat after an employee admitted to falsifying company accounts.

LEI – LEIGHTON HOLDINGS LTD – down 41 cents at $17.45

A Leighton Holdings company will build two large-scale “energy-efficient” data centres in NSW under a $182 million contract with the state government.

SGM – SIMS METAL MANAGEMENT LTD – down 75 cents at $11.50

Investors have punished metals recycler Sims Metal Management with a savage sell off after it warned of a large drop in expected earnings.

WDC – WESTFIELD GROUP – up eight cents at $9.15

Shopping centre giant Westfield is confident it can notch up to one billion euros ($A1.29 billion) in sales in Milan despite continuing financial turmoil in Europe.