Stocks of interest on the Australian share market at the close on Thursday, September 6.
BHP – BHP – down 80 cents, or 2.5 per cent, to $31.40
RIO – RIO TINTO – up 62 cents, or 0.9 per cent, to $70.30
S32 – SOUTH32 – up eight cents, or 2.4 per cent, to $3.47
Materials stocks bounced back as the price of copper rallied a little, although BHP shares dipped after going ex-dividend.
GNC – GRAINCORP – up 12 cents, or 1.5 per cent, to $8.01
Graincorp has lifted its full-year profit guidance despite the crippling eastern Australia drought, buoyed by demand for malt from the North American craft beer boom.
IOF – INVESTA OFFICE FUND – up 10 cents, or 1.8 per cent, to $5.54
Investa Office Fund says Blackstone is prepared to hike its buyout offer by 3.2 per cent to exceed one by Canada’s Oxford Properties Group, adding fuel to a bidding war for the office landlord.
SIG – SIGMA HEALTHCARE – down seven cents, or 11.6 per cent, to 53.5 cents
Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million, partly due to restructuring costs following the loss of its contract to supply Chemist Warehouse in July.
TLS – TELSTRA – up 10 cents, or 3.3 per cent, at $3.12
Telstra trimmed its full-year earnings guidance range, saying a lower than expected number of NBN customers ready for connection would affect FY19 NBN receipts. The telco said the slowed rollout would have a longer-term financial benefit.