Stocks to watch on the Australian stock exchange:
AGL – AGL ENERGY – down 29.5 cents, or 1.4 per cent, at $20.895
APA – APA GROUP – down 3.5 cents, or 0.4 per cent, at $$8.325
AGL Energy has struck several deals for its proposed liquefied natural gas import jetty at Crib Point in Victoria, which could help deliver more gas to Victoria and South Australia.
CTX – CALTEX AUSTRALIA – up 88.5 cents, or 3 per cent, at $30.235
Caltex expects to lift first-half underlying profit as much as seven per cent, with a strong wholesale performance helping offset lower retail fuel margins and the overhaul of its convenience store network.
VAH – VIRGIN AUSTRALIA – up 0.25 cents, or 1.2 per cent, at 21.75 cents
Virgin Australia chief executive John Borghetti will leave his role in 2020, ending a decade at the company.
WES – WESFARMERS – up 53 cents, or 1 per cent, at $46.89
Wesfarmers’ short-lived and disastrous foray into the UK home improvement sector is over after the Perth-based conglomerate completed the sale of Homebase.