Stocks to watch on the Australian stock exchange on Tuesday, Sept 23:
ALQ – ALS Limited – down $1.20, or 17.22 per cent, at $5.77
Laboratory services business ALS Limited has warned that the slowdown in the mining sector will see its first half profit slide by around 36 per cent.
BOQ – Bank of Queensland – down six cents, or 0.5 per cent, at $12.06
The lender will pay $17 million in compensation to customers caught up in the Storm Financial scandal.
FMG – Fortescue Metals Group – down 18 cents, or 4.79 per cent, at $3.58
RIO – Rio Tinto – down $1.54, or 2.5 per cent, at $60.05
BHP – BHP Billiton – down 62 cents, or 1.75 per cent, at $34.86
AGO – Atlas Iron – down three cents, or 5.36 per cent, at 53 cents
Shares in iron ore miners have dipped after the price of iron ore tumbled to $US81.70 a tonne.
MQA – Macquarie Atlas Roads – up one cent, or 0.33 per cent, at $3.02
A US toll road operator that Macquarie owns a 25 per cent stake is poised to file for bankruptcy as it prepares to launch a debt restructure, including asset sales.
SPL – Starpharma – down six cents, or 8.45 per cent, at 65 cents
The biotech has raised $18 million from an oversubscribed placement to institutional investors, at 65 cents a share. The money will help complete phase 3 clinical trials of VivaGel.
WOW – Woolworths – down 27 cents, or 0.77 per cent, at $34.80
Woolworths boss Grant O’Brien’s annual pay has grown 10 per cent to $5.3 million.
