Stocks to watch on the Australian securities exchange:
ABC – ADELAIDE BRIGHTON – up 2.5 cents, or 0.38 per cent, at $6.645
Adelaide Brighton chief executive Martin Brydon has signalled his intention to retire after 30 years with the building materials supplier.
AGO – ATLAS IRON – up 0.1 cents, or 3.12 per cent, at 3.3 cents
Atlas Iron will record a non-cash impairment of up to $100 million in its full-year results after rising costs led to an operating loss in its third quarter.
DLX – DULUXGROUP – down 9.0 cents, or 1.12 per cent, at $7.96
DuluxGroup has lifted first-half profit nine per cent to $79.2 million, with its Australia and New Zealand businesses the standout performers.
STO – SANTOS – down 11 cents, or 1.74 per cent, at $6.21
Santos has received a revised takeover offer from Harbour Energy.
TCL – TRANSURBAN – down 27.5 cents, or 2.38 per cent, at $11.275
The competition watchdog has flagged possible concerns over Transurban’s interest in taking a majority stake of Sydney’s WestConnex motorway, saying the toll road operator’s dominance in NSW could stymie competition in the sector.
TWE – TREASURY WINE ESTATES – down $1.98, or 10.99 per cent, at $16.04
Treasury Wine Estates has tried to downplay a media report its China distributors are sitting on up to three years’ worth of low-end stock.
WBC – WESTPAC BANKING CORP – down $1.21 or, 4.01 per cent, at $29.00
The lender is trading ex-dividend.
WTC – WISETECH GLOBAL – down 22 cents, or 1.55 per cent, at $13.97
Software firm Wisetech Global has acquired Turkish logistics provider Ulukom.