Stocks to watch on the Australian stock exchange on Tuesday April 24

AGI – AINSWORTH GAME TECHNOLOGY LTD – steady at $1.565

Gaming machine supplier Ainsworth Game Technology is seeking to raise about $44 million via the placement of 30 million new shares to institutional investors.

BRM – BROCKMAN RESOURCES LTD – up 20 cents at $2.24

Hong Kong-listed Wah Nam International has extended its takeover offer for iron ore explorer Brockman Resources as it seeks to take control of all remaining shares.

BTA – BIOTA LTD – down 8.5 cents at 86 cents

Anti-infective drug developer Biota is set to quit Australia and move to the United States, where the company says investors better understand the biotechnology sector.

PSH – PENRICE SODA HOLDINGS LTD – steady at 7.9 cents

Struggling chemicals business Penrice Soda Holdings has forecast a full year loss amid weakening demand for the soda ash it produces.

SPT – SPOTLESS GROUP LTD – up six cents at $2.46

Industrial services company Spotless is still negotiating with its private equity suitor five months after a first bid was made, and there remains no guarantee a deal will be done

TEL – TELECOM CORPORATION OF NEW ZEALAND LTD – up three cents at $2.01

Telecom has tapped Auckland International Airport (AIA) boss Simon Moutter to head up the new-look telecommunications retailer after a five-month search.

WES – WESFARMERS LTD – down 13 cents at $29.34

Coles third quarter sales could fall short of arch rival Woolworths as shelf prices continue to fall, amid heavy discounting and food deflation, analysts say.