Stocks to watch on the Australian stock exchange on Tuesday, July 7:
AFJ – AFFINITY EDUCATION – down two cents, or 2.9 per cent, at 68 cents
GEM – G8 EDUCATION – down 13 cents, or 4.1 per cent, at $3.05
Childcare operator G8 Education and rival Affinity Education were in merger talks before G8 launched a surprised takeover bid, which is still being assessed by the suitor.
AGL – AGL ENERGY – down 28 cents, or 1.8 per cent, at $15.54
Energy giant AGL will take another $600 million hit in writedowns as it overhauls its gas business and casts off non-core projects.
NCL – NETCCENTRIC – up three cents, or 15 per cent, at 23 cents
Shares in digital media and technology firm Netccentric have made a strong start in their first day of trading on the Australian share market.