Stocks to watch on the Australian stock exchange:
AGL – AGL LTD – up 27 cents, or 1.3 per cent, at $21.73
Alinta Energy has made a $250m cash offer to buy AGL’s Liddell power station in the NSW Hunter Valley.
AMP – AMP LTD – up two cents, or 0.5 per cent, at $4.04
AMP chair Catherine Brenner has resigned as the financial services giant continues to reel from the fee-for-no-service scandal at the royal commission.
AWC – ALUMINA – down three cents, or 1.1 per cent, at $2.64
S32 – SOUTH32 – down one cent, or 0.3 per cent, at $3.72
Aluminium prices fell at the end of last week after sources said sanctions-hit Russian producer Rusal will overhaul its management structure to restore shipments, further dampening fears of a supply shortfall.
STO – SANTOS – down 10 cents, or 1.6 per cent, at $6.14
Santos says liquefied natural gas production in PNG will return to full capacity next month following February’s earthquake-enforced shutdown.