Stocks to watch on the Australian stock exchange:
ANZ – down 42 cents, or 1.47 per cent, at $28.64
ANZ shares were already lower when, 25 minutes before the end of the trading week, the bank published a letter to shareholders in which chairman David Gonski told shareholders the bank expects difficult trading conditions “to continue into the foreseeable future”.
EVN – EVOLUTION MINING – flat at $3.51
NCM – NEWCREST MINING – down 9.0 cents, or 0.41 per cent, at $21.80
NST – NORTHERN STAR – up 7.0 cents, or 0.97 per cent, at $7.27
Gold has fallen to its lowest level in more than six months, as mounting pressure from trade disputes and the expectation of higher US interest rates continue to weigh on bullion, despite the greenback losing steam.
ORG – ORIGIN ENERGY – down 8.0 cents, or 0.79 per cent, at $10.03
OSH – OIL SEARCH – up 4.0 cents, or 0.45 per cent, at $8.90
STO – SANTOS – down 1.0 cent, or 0.16 per cent, at $6.27
WPL – WOODSIDE PETROLEUM – down 22 cents, or 0.62 per cent, at $35.46
Oil prices have climbed with US crude hitting a three-and-a-half year high, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran.
WATTLE HEALTH – up 28 cents, or 31.46 per cent, at $1.17
Wattle Health shares climbed after the Australian company inked a deal with a Chinese distribution business to supply its infant formula range.
ATLAS IRON – flat at 4.3 cents
FORTESCUE METALS – down 10 cents, or 2.23 per cent, at $4.39
Atlas Iron’s board has unanimously backed Gina Rinehart’s $390 million takeover bid for the junior miner over the objections of shareholder Fortescue.