Stocks to watch on the Australian stock exchange early on Tuesday:
DJW – DJERRIWARRH INVESTMENTS LTD – up three cents at $3.73
MIR – MIRRABOOKA INVESTMENTS LTD – up 0.5 cents at $1.795
Two listed investment companies (LIC) have fallen victim to last year’s market decline, with net losses on its trading portfolio dragging down Djerriwarrh Investments’ first-half 2012 profit by 9.5 per cent.
DTE – DART ENERGY LTD – up four cents at 47.5 cents
Dart Energy has created a wholly owned subsidiary and business unit named Dart Energy International Shale to develop its growing European shale gas resources.
FMG – FORTESCUE METALS GROUP LTD – down 13 cents at $4.62
Fortescue Metals Group is considering developing its North Star magnetite iron ore project in Western Australia as a joint venture.
LEI – LEIGHTON HOLDINGS LTD – up 91 cents at $21.44
Leighton Holdings says its underlying profit for the six months to December will be stronger than previously forecast.
LNC – LINC ENERGY LTD – down 4.5 cents at $1.285
Linc Energy says it is in talks regarding new gas opportunities in China.
QAN – QANTAS AIRWAYS LTD – down 1.5 cents at $1.475
Qantas has begun A380 services between Sydney and Hong Kong.
SKI – SPARK INFRASTRUCTURE – down one cent at $1.40
The managing director of power company investor Spark Infrastructure Group, Laura Reed, will retire at the end of May.
