Stocks to watch on the Australian stock exchange on Monday, July 20:
LYC – LYNAS – closed steady at 3.8 cents
Rare earths miner Lynas has more than doubled its annual revenue as its production rapidly increases.
MTS – METCASH – up 11 cents, or 10.43 per cent, at $1.16
Struggling grocery wholesaler Metcash has recruited two former senior Coles and Woolworths executives to help lead its turnaround efforts.
NAB – NATIONAL AUSTRALIA BANK – up by two cents, or 0.06 per cent at $34.34
National Australia Bank has moved to sell down its remaining stake in its former US subsidiary Great Western Bancorp.
STO – SANTOS – down six cents, or 0.78 per cent, at $7.66
Falling oil prices have offset a ramp up in production by energy giant Santos, causing a 19 per cent slide in revenue.