Stocks to watch on the Australian stock exchange:
CWN – CROWN RESORTS – down 22 cents, or 1.8 per cent, at $12.11
Crown Resorts has been hit with a class action alleging it did not give shareholders enough information about risks it was taking in China.
GEM – G8 EDUCATION – down $1.02, or 23.1 per cent, at $3.40
Shares in G8 Education crashed after the childcare centre operator lowered its earnings forecast for the 2017 financial year.
GSW – GETSWIFT – up 70 cents, or 19.4 per cent, at $4.30
Shares in logistics software group GetSwift have continued to rally after the company updated the market on its deal with online retail giant Amazon.
MTS – METCASH – up 25 cents, or 9.1 per cent, at $3.00
Grocery wholesaler Metcash has lifted first-half profit 24 per cent to $92.9 million despite a drop in sales across its supermarkets business.
RIO – RIO TINTO – up 88 cents, or 1.2 per cent, at $72.05
Mining giant Rio Tinto has appointed former Anglo-American Plc executive Simon Thompson as its new chairman to succeed Jan du Plessis.