Stocks making moves or news on the ASX at the close on Tuesday, September 25:
RFG – RETAIL FOOD GROUP – up 0.5 cents, or one per cent, at five cents.
Retail Food Group’s chairman Colin Archer has retired with immediate effect four months after the company’s chief executive quit following the financial fallout of accusations the group was badly treating franchisees.
ORI – ORICA – up seven cents, or 0.4 per cent, at $17.15
Orica’s has appointed vice president of group finance Christopher Davis to the role of chief financial officer, with current CFO Vince Nicoletti to step down at the end of 2018.
ANZ – ANZ BANK – down 36 cents, or 1.26 per cent, at $28.22
NAB – NATIONAL AUSTRALIA BANK – down 12 cents, or 0.4 per cent, at $27.60
CBA – COMMONWEALTH AUSTRALIA BANK down 77 cents, or 1.1 per cent, at $70.80
WBC – WESTPAC BANK – down 33 cents, or 1.2 per cent, at $27.88
The big four banks got the jitters with the US Federal Reserve expected to raise interest rates this week. The likely increase in wholesale lending rates will weigh on bank margins.
BPT – BEACH ENERGY – up 11.5 cents, or six per cent, at $2.04
WPL – WOODSIDE PETROLEUM – up 93 cents, or 2.5 per cent, at $37.99
ORG – ORIGIN ENERGY – up 13 cents, or 1.6 per cent, at $8.15
Local energy stocks benefited from surging oil prices, with global benchmark Brent crude again jumping to a four-year high above $US80 a barrel amid a global supply stand-off.