Stocks to watch on the Australian stock exchange on Wednesday, Oct 1:
AGO – ATLAS IRON – down 2.5 cents, or 5.6 per cent, at 42 cents
BHP – BHP BILLITON – up one cent, or 0.03 per cent, at $33.87
FMG – FORTESCUE METALS – up seven cents, or 2.05 per cent, at $3.48
RIO – RIO TINTO – up 37 cents, or 0.6 per cent, at $59.58
Iron ore producers face the lowest prices for their product in five years.
AMP – AMP – down nine cents, or 1.6 per cent, at $5.46
The head of the country’s largest wealth manager has warned Australians will end up poorer and paying more tax to fund pensions if something isn’t done to boost superannuation savings.
AZJ – AURIZON – up three cents, or 0.7 per cent, at $4.53
A Queensland regulator has ruled rail company Aurizon can earn up to $4.02 billion annually from other parties using its rail network in the coming four years, less than the company had requested.
GFF – GOODMAN FIELDER – up 0.5 cents, or 0.8 per cent, at 62.5 cents
Australia’s largest food maker isn’t too bothered about the arrival of 85-cents-a-loaf bread on supermarket shelves.
TPI – TRANSPACIFIC INDUSTRIES – steady at 81.5 cents
Transpacific Industries’ chief financial officer Stewart Cummins has stepped down.
TWE – TREASURY WINE ESTATES – down 26 cents, or 5.8 per cent, at $4.24
shares in Australia’s largest winemaker, Treasury Wine Estates, continued to fall after the company rejected takeover proposals from two global private equity firms on Monday.
