Stocks to watch on the Australian stock exchange on Tuesday, Dec 9:
ANZ – ANZ BANKING GROUP – up 30 cents, or 0.9 per cent, at $32.40
CBA – COMMONWEALTH BANK – up 75 cents, or 0.9 per cent, at $82.39
NAB – NATIONAL AUSTRALIA BANK – up 57 cents, or 1.8 per cent, at $32.97
WBC – WESTPAC BANKING CORPORATION – up 34 cents, or one per cent, at $33.35
Australian banks may be forced into a global race to raise capital reserves if the Financial System Inquiry’s recommendations are implemented.
CCL – COCA-COLA AMATIL – down 16 cents, or 1.7 per cent, at $9.10
Beverages supplier Coca-Cola Amatil will axe more jobs as part of its $100 million cost cutting campaign.
QAN – QANTAS AIRWAYS – up 29 cents, or 13.8 per cent, at $2.39
Qantas shares have soared to their highest level in almost four years as the airline forecast a $550 million earnings turnaround less than one year into a major restructure.
VAH – VIRGIN AUSTRALIA HOLDINGS – up one cent, or 2.4 per cent, at 43 cents
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss making to a profit as a result of accounting policy changes and its alliance with Air New Zealand.
