Stocks to watch on the Australian stock exchange on Monday, July 27:
CBA – COMMONWEALTH BANK OF AUSTRALIA – down 49 cents, or 0.57 per cent, at $85.81
The Commonwealth Bank has become the second major bank to lift interest rates for property investors in an effort to rein in investor lending.
NAB – NATIONAL AUSTRALIA BANK – down 19 cents, or 0.56 per cent, at $33.91
National Australia Bank will pay out $25 million to 62,000 customers after an independent review found they had not been paid all the money they were owed.
ORL – OROTON – up 5.5 cents, or 2.96 per cent, at $1.91
Oroton Group is offloading its stake in Brooks Brothers’ Australian operations after just two years, following lower than expected sales.
TAH – TABCORP – steady at $4.77
Wagering and keno operator Tabcorp says it’s working with Australia’s financial intelligence unit to resolve matters that had prompted the agency to launch legal proceedings against the company.