Stocks to watch on the Australian stock exchange:
A2M – A2 MILK – up 14 cents, or 1.2 per cent, at $11.60
Infant formula and milk supplier A2 Milk says sales growth in the huge China market has been unaffected by the launch of a rival brand and that the company still holds a strong position.
NCM – NEWCREST MINING – up 45 cents, or 2.3 per cent, at $20.01
Newcrest has resumed some processing at its Cadia goldmine but still can’t update guidance to reflect the impact of last month’s dam wall breach.
STO – SANTOS – up 82 cents, or 16.2 per cent, at $5.89
Santos shares have soared after the US private equity firm aiming to buy the local oil and gas producer raised its bid for a third time to about $13.5 billion.
TLS – TELSTRA – up one cent, or 0.3 per cent, at $3.15
NWS – NEWS CORP – down 27 cents, or 1.3 per cent, at $20.46
News Corp and Telstra have announced the transaction to combine Foxtel and Fox Sports Australia has been completed, two months earlier than anticipated.