Stocks to watch on the Australian stock exchange on Monday:
ANZ – ANZ BANKING GROUP LTD – up 38 cents at $20.88
CBA – COMMONWEALTH BANK OF AUSTRALIA – up 95 cents at $49.55
NAB – NATIONAL AUSTRALIA BANK LTD – up 38 cents at $24.55
WBC – WESTPAC BANKING CORPORATION – up 44 cents at $21.57
MQG – MACQUARIE GROUP LTD – up two cents at $24.37
Australia’s big four banks and investment bank Macquarie Group have had their credit ratings downgraded by Standard & Poor’s as the agency changes its criteria for assessing banks.
DJS – DAVID JONES LTD – up one cent at $2.89
David Jones says there has been a heavy investment in Christmas advertising as the department store owner braces for a difficult festive trading season.
RIO – RIO TINTO LTD – up 40 cents at $66.32
Mining giant Rio Tinto will invest an additional $US2.7 billion ($A2.65 billion) modernising its aluminium smelter in British Columbia, Canada.
SOL – WASHINGTON H SOUL PATTINSON & COMPANY LTD – up five cents at $13.80
Washington H Soul Pattinson and Company (WHSP) has endured a fiery annual general meeting at which it fended off a key institutional investor’s push to have a board member elected.
