Stocks to watch on the Australian stock exchange on Thursday, Sept 25:
ALZ – AUSTRALAND – down 4.00 cents, or 0.89 per cent, at $4.44
The Singapore bidder for Australand will wrap up its takeover of the property developer by snapping up the remaining batch of securities it does not already own.
ARI – ARRIUM – down 1.5 cents, or 3.80 per cent, at 38.00 cents
BCI – BC IRON – up 1.5 cents, or 0.82 per cent, at $1.85
BHP – BHP BILLITON – down 26 cents, or 0.74 per cent, at $34.69
FMG – FORTESCUE – steady at $3.66
MGX – MOUNT GIBSON IRON – up two cents, or 3.33 per cent, at 62.0 cents
RIO – RIO TINTO – up 55 cents, or 0.91 per cent, at $60.75
The iron ore price has fallen again overnight, this time to $US79.40 a tonne.
CWN – CROWN – down 47 cents, or 3.23 per cent, at $14.08
TRS – THE REJECT SHOP – down 18 cents, or 1.95 per cent, at $9.07
Both stocks are trading without their dividends today.
FBU – FLETCHER BUILDING – down 21 cents, or 2.56 per cent, at $7.98
Fletcher Building is closing its loss-making copper tube manufacturing business, with the loss of 108 jobs.
LYC – LYNAS CORPORATION – in trading halt, last traded at 11.5 cents
Troubled rare earths miner Lynas Corporation has placed its shares in a trading halt as it prepares to reveal details of a new funding deal.
NPX – NUPLEX INDUSTRIES – up 17 cents, or 6.18 per cent, at $2.92
Shares in Nuplex Industries have jumped 7.6 per cent after the chemicals manufacturer confirmed it’s in talks to sell two of its Australasian-based businesses.
