Stocks to watch on the Australian stock exchange:
NVT – NAVITAS – down 8.0 cents, or 1.45 per cent, at $5.43
Education provider Navitas expects a one-off charge of $7.5 million in its half-year accounts following the reduction in the US corporate tax rate.
RFG – RETAIL FOOD GROUP – up 21 cents, or 9.2 per cent, at $2.51
Shares in Retail Food Group have rebounded more than 10 per cent after the embattled franchisor extended the life of $150 million worth of debt facilities to 2020.
WOR – WORLEYPARSONS – up 9.0 cents, or 0.62 per cent, at $14.65
Engineering group WorleyParsons expects a one-time charge of between $45 million and $60 million against its first-half profit following the reduction in the US corporate tax rate.
BHP – BHP BILLITON – up 25 cents, or 0.86 per cent, at $29.35
RIO – RIO TINTO – up 34 cents, or 0.46 per cent, at $74.62
The mining giants got a boost as the ASX opened from a four-day weekend following a recent recovery in iron ore prices.