Stocks to watch on the Australian stock exchange on Monday, Nov 3:
ANZ – ANZ BANKING GROUP – up 24 cents, or 0.7 per cent, at $33.50
ANZ lifted its full year cash profit by 10 per cent to $7.1 billion, and warned about the consequences of potential regulatory changes stemming from a financial system inquiry.
EGP – ECHO ENTERTAINMENT – up four cents, or 1.1 per cent, at $3.80
Echo Entertainment says it has a mystery back-up plan if it loses a Brisbane casino development bid to rival Crown.
HIL – HILLS – down 0.5 cents, or 0.4 per cent, at $1.335
Electronic equipment and instruments supplier Hills expects its annual underlying profit to be at the lower end of its guidance.
HVN – HARVEY NORMAN – up four cents, or 1.1 per cent, at $3.80
Harvey Norman’s sales have grown in the three months to September, driving a 24 per cent rise in pre-tax profit.
MQG – MACQUARIE GROUP – up $1.32, or 2.2 per cent, at $61.17
Wealth investor Macquarie Group has enjoyed a bumper first half of its fiscal year and is expecting more good news as demand soars for its fixed income products.
NCM – NEWCREST MINING – down 44 cents, or 4.5 per cent, at $9.32
Newcrest Mining is considering changing its remuneration structure in response to criticism over what some see as the company’s generous salary packages.