Stocks to watch on the Australian stock exchange on Monday, June 23:
IAG – INSURANCE AUSTRALIA GROUP – down seven cents, or 1.2 per cent, at $5.81
WES – WESFARMERS – down 54 cents, or 1.3 per cent, at $41.25
Insurance Australia Group’s (IAG) $1.85 billion purchase of Wesfarmers’ insurance underwriting business will go ahead after the sale cleared its final regulatory hurdle.
MTR – MANTRA GROUP – down two cents, or 1.1 per cent, at $1.78
Shares in Australia’s second largest hotel and resort operator have fallen since it listed on the Australian Securities Exchange on Friday.
STO – SANTOS – down 34 cents, or 2.4 per cent, at $14.15
Australia’s Santos and French partner GDF Suez have scrapped plans to build a multibillion dollar floating gas plant off Darwin’s coast.
WDC – WESTFIELD GROUP – up one cent, or 0.01 per cent, at $10.82
WRT – WESTFIELD RETAIL TRUST – steady at $3.21
Westfield’s $70 billion restructure will go ahead after the shopping centre giant secured enough shareholder support to get the controversial move over the line.
