Stocks to watch on the Australian stock exchange:
ANZ – ANZ BANKING GROUP – up 63 cents, or 2.4 per cent, at $27.47
ANZ has reported a 16 per cent fall in first-half profit to $2.88 billion, although cash profit from continuing operations – after accounting for the impact of divestments – rose 4.1 per cent to $3.49 billion.
CBA – COMMONWEALTH BANK – up $1.35, or 1.9 per cent, at $73.17
Commonwealth Bank was slammed in an APRA report that said the lender had been blind to threats such as an alleged breach of money laundering laws but the share price rallied along with the rest of the banking sector.
RIO – RIO TINTO – down 16 cents, or 0.2 per cent, at $79.70
The corporate regulator has hit former Rio Tinto boss Tom Albanese with fresh allegations related to the mining giant’s handling of disclosures around its disastrous $US4 billion African coal investment.
WPL – WOODSIDE PETROLEUM – up 20 cents, or 0.6 per cent, at $32.42
STO – SANTOS – up 2 cents, or 0.3 per cent, at $6.16
Energy stocks lifted as oil prices bounced after Israeli Prime Minister Benjamin Netanyahu said he had proof that oil producer Iran “lied” about its nuclear capabilities.