Stocks to watch on the Australian stock exchange on Tuesday, October 9:

AQA – AQUILA RESOURCES LTD – down three cents, or 1.1 per cent, at $2.65

Aquila Resources shares lost more than one per cent after the company announced a $1.4 billion cost blowout for its contentious West Pilbara Iron Ore Project.

ELD – ELDERS – steady at 26.5 cents

Agribusiness Elders has launched what it says is the first Australian online rural supplies business.

FLT – FLIGHT CENTRE LTD – down 37 cents, or 1.45 per cent, at $25.15

Flight Centre tried to induce airlines to fix their prices so the travel agent could continue to honour its lowest price guarantee without losing money, a court has heard.

QAN – QANTAS AIRWAYS LTD – up 0.5 cents to $1.255

The federal government has thrown its support behind Qantas Airways’ proposed 10-year alliance with Dubai-based Emirates.

QRN – QR NATIONAL LTD – up 18 cents, or 5.2 per cent, at $3.65

The Queensland government will sell a $1.5 billion stake in QR National, saying it has got taxpayers’ interests at heart.

WBC – WESTPAC BANK – down three cents at $25.85

St George, owned by Westpac Bank, has followed the lead of the major banks and reduced its variable home loan rates by less than the central bank’s rate cut.

VIC – VICTORY MINING LTD – shares were valued at 20 cents in the initial public offer

Western Australian metals and minerals miner will debut on the Australian Securities Exchange at 1330 AEDT on Tuesday.