Stocks to watch on Tuesday

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Stocks to watch on the Australian stock exchange on Tuesday, Oct 28:

AMM – AMCOM – up 23 cents, or 12.4 per cent, at $2.09

VOC – VOCUS COMMUNICATIONS – up 13 cents, or 2.45 per cent, at $5.44

Telco group Vocus wants to merge with Amcom to create a third force in office connections after Telstra and Optus.

ANZ – ANZ BANKING GROUP – up 32 cents, or one per cent, at $33.34

Shares in ANZ were placed in a trading halt shortly before the end of Monday’s session on the share market.

AZJ – AURIZON – up one cent, or 0.2 per cent, at $4.58

Rail company Aurizon has spent more than $200 million on the West Pilbara iron ore project but says it won’t proceed unless the mine’s economics stack up.

BEN – BENDIGO AND ADELAIDE BANK – up nine cents, or 0.75 per cent, at $12.15

The head of Bendigo and Adelaide Bank says conditions in the sector are challenging, with consumers taking advantage of low interest rates to pay down debt rather than spending more.

CCV – CASH CONVERTERS – up nine cents, or nine per cent, at $1.09

Cash Converters is considering more acquisitions as an increase in personal loans helped lift the pawnbroking franchise’s quarterly revenue by 26.2 per cent.

CSL – CSL – up 62 cents, or 0.8 per cent, at $76.28

CSL says it will be the world’s second largest global influenza vaccine company after agreeing to buy a Novartis-owned business.

MGX – MOUNT GIBSON – down two cents, or 4.1 per cent, at 47 cents

Mount Gibson Iron shares have fallen after the West Australian company suspended mining to carry out repairs to its Koolan Island mine.

NAB – NATIONAL AUSTRALIA BANK – up 26 cents, or 0.76 per cent, at $34.53

National Australia Bank has been ordered by the corporate watchdog to correct claims about its home loans rates.