Stocks to watch on the Australian stock exchange:
ANZ – ANZ BANKING GROUP – up 19 cents, or 0.7 per cent, at $27.83
ANZ’s divestment program has continued with the completed sale of its retail and wealth businesses in six Asian countries.
EVN – EVOLUTION MINING – up 6 cents, or 2.2 per cent, at $2.85
Gold miner Evolution Mining’s first-half profit has slid 10 per cent to $122.5 million but the company has lifted its dividend.
GNC – GRAINCORP – up 29 cents, or 4 per cent, at $7.63
Grains marketer GrainCorp expects sharply lower underlying earnings in fiscal 2018 due to prolonged dry weather cutting eastern Australia’s harvest volumes.
MEA – MCGRATH – in a trading halt, last traded at 42.5 cents
Embattled real estate group McGrath’s shares have been placed in a trading halt ahead of an announcement relating to allegations in the media about founder John McGrath.
ORG – ORIGIN ENERGY – up 52 cents, or 6.3 per cent, at $8.83
Origin Energy has slipped to a half-year net loss of $207 million, with its bottom line weighed down by $533 million in impairments.
S32 – SOUTH32 – down 2.5 cents, or 0.7 per cent, at $3.675
South32 has lifted its shareholder payout after improving its first-half underlying profit on the back of stronger commodities prices.
SHL – SONIC HEALTHCARE – down 70 cents, or 2.9 per cent, at $23.51
Sonic Healthcare’s first-half profit has grown 16 per cent to $228.6 million as the pathology and radiology services company achieved strong revenue growth in Europe.
SUN – SUNCORP – down 36 cents, or 2.7 per cent, at $12.96
Suncorp’s first-half profit fell 15.8 per cent to $452 million after Melbourne’s December hail storm contributed to a blowout in natural hazards costs.
TLS – TELSTRA – up 4.5 cents, or 1.3 per cent, at $3.475
Telstra has cut its dividend after the telecommunications provider’s first-half profit fell almost five per cent to $1.7 billion.