Stocks to watch on the Australian stock exchange on Tuesday, September 4
AIO – ASCIANO GROUP – up one cent at $4.49
Stevedoring group Asciano has signed a contract for the delivery of 44 automated straddle carriers to shift containers at its Port Botany terminal in Sydney.
BHP – BHP BILLITON LTD – down 38 cents at $31.41
The South Australian opposition has called on the government to put the state before politics as it enters negotiations with BHP Billiton over the future of the Olympic Dam expansion.
CBD – CBD ENERGY LTD – down 0.1 cents at 3.9 cents
Renewable energy company CBD Energy says its full year loss of $21.7 million was mainly caused by its efforts to grow overseas in response to uncertainty brought about by federal and state government policies.
FBU – FLETCHER BUILDING LTD – up two cents at $5.18
Fletcher Building has agreed to sell the New Zealand electrical products distribution business, Corys Electrical, to Sonepar SA, a global distribution company.
FGE – FORGE GROUP LTD – up seven cents at $4.17
Engineering and construction firm Forge Group says its subsidiary CTEC has been awarded a $280 million contract by Rio Tinto to build a power station in Western Australia’s Pilbara region.
LEI – LEIGHTON HOLDINGS LTD – down 16 cents at $15.83
Construction giant Leighton’s Middle Eastern business has won an extra $US68 million ($A66.32 million) of work building reservoirs in Qatar.
NAB – NATIONAL AUSTRALIA BANK LTD – up nine cents at $25.30
National Australia Bank (NAB) shareholders are being urged to join a class action relating to its 2008 heavy losses over toxic US subprime home loans.
QAN – QANTAS AIRWAYS LTD – up two cents at $1.17
Qantas should not be written off as it remains a very strong national carrier and is addressing problems with its international service, Tourism Australia boss Andrew McEvoy says.
