Stocks to watch on the Australian stock exchange:
CAR – CARSALES.COM – down 48 cents, or 3.34 per cent, at $13.89
Online vehicle classifieds business carsales.com has lifted its first-have profit 27 per cent and says it is on track to deliver growth in the second half.
CBA – COMMONWEALTH BANK – down 9 cents, or 0.1 per cent, at $77.31
Commonwealth Bank’s half-year profit has been cut by 1.9 per cent to $4.735 billion after Australia’s largest bank set aside cash for potential penalties in its Federal Court tussle with AUSTRAC.
CIM – CIMIC – up $2.45, or 5.5 per cent, at $47.36
CIMIC’s shares have soared after the construction giant announced a 21 per cent lift in full-year profit to $702 million and raised its dividend by 13 cents.
MGC – MURRAY GOULBURN – up 0.5 cents, or 0.6 per cent, at 83 cents
Dairy processor Murray Goulburn’s milk intake has continued to fall because, the co-operative says, it can’t pay dairy farmers a competitive price for their milk.
MYR – MYER – down 0.25 cents, xx per cent, at 64.75 cents
PMV – PREMIER INVESTMENTS – down 11 cents, or 0.8 per cent, at $13.94
Solomon Lew’s Premier Investments has begun moves to oust the board of Myer, seeking the details of all Myer shareholders to set up an extraordinary general meeting.
NCK – NICK SCALI – down 11.5 cents, or 1.65 per cent, at $6.865
A sales boost from new stores in Australia and New Zealand has helped Nick Scali lift first-half profit 15 per cent to $23.5 million, with the furniture merchant planning further expansion in coming months.
RIO – RIO TINO – up $2.37, or 3.1 per cent, at $77.80
Resources giant Rio Tinto is expected to release full-year results late Wednesday afternoon AEDT.