Stocks to watch on the Australian stock exchange early on Monday:

AAC – AUSTRALIAN AGRICULTURAL COMPANY LTD – up one cent at $1.32

The chairman of the nation’s largest cattle producer Australian Agricultural Company says it has been distressing to see reports of animal mistreatment in Indonesia.

AHZ – ALLIED HEALTHCARE GROUP LTD – down 0.6 cents at three cents

Allied Healthcare is selling new shares to to raise up to $6.36 million to further the work former Australian of the Year Professor Ian Frazer.

AIO – ASCIANO LTD – down five cents at $4.90

A dispute between port and rail operator Asciano and the Maritime Union of Australia is set to continue after negotiations between the parties broke down.

MQG – MACQUARIE GROUP LTD – up 15 cents at $27.53

Macquarie Group has suffered its second credit rating downgrade in four days, with Moody’s cutting its ratings by one notch.

RIO – RIO TINTO LTD – up 19 cents at $65.12

The federal government will re-assess an application by Rio Tinto for a mine expansion near the Great Barrier Reef on environmental grounds.

TAH – TABCORP HOLDINGS LTD – steady at $2.70

Live betting on sports is here to stay and the federal government needs to do more to regulate it, says gambling firm Tabcorp.

TOL – TOLL HOLDINGS LTD – up seven cents at $5.86

A female truck driver sacked by Australian transport giant Toll Group in Los Angeles after making an “emergency” toilet stop at a McDonald’s restaurant has delivered an emotional address to a high-powered group of US politicians and union officials.

VAH – VIRGIN AUSTRALIA HOLDINGS LTD – steady at 46.5 cents

Virgin Australia will go ahead with its ownership restructure after all conditions were met.