Stocks to watch on the Australian stock exchange on Monday:
BHP – BHP BILLITON – down 37 cents, or 1.03 per cent, at $35.65
FMG – FORTESCUE METALS GROUP – down 13 cents, or 3.2 per cent, at $3.92
RIO – RIO TINTO down 84 cents, or 1.35 per cent, at $61.30.
The price of Australia’s largest export commodity has dropped to fresh lows in China, causing shares in local miners to plunge.
BLD – BORAL – up one cent, or 0.2 per cent, at $5.35
BKW – BRICKWORKS – up nine cents, or 0.7 per cent, at $13.94
CSR – CSR – up three cents, or 0.9 per cent, at $3.57
Australia’s construction industry continues to blossom, with home building leading the charge, the latest reading from the Australian Industry Group and Housing Industry Association shows.
ELD – ELDERS – down 1.5 cents, or 6.7 per cent, at 21 cents
Agribusiness Elders has sold its 50 per cent stake in logistics firm AWH Pty Ltd to DP World Australia for $30 million plus 50 per cent of AWH’s net cash.
OZL – OZ MINERALS – down five cents, or 1.2 per cent, at $4.23
OZ Minerals has appointed Rio Tinto executive Andrew Cole as its new CEO.
