Stocks of interest at the close of trade on the ASX on Wednesday, December 5:
TPM – TPG TELECOM LIMITED – up five cents, or 0.68 per cent, to $7.40
TPG avoided a second strike and the threat of a board spill after a large majority of proxy votes were cast in favour of its remuneration report.
LYC – LYNAS CORP – down 47.5 cents, or 22.41 per cent, to $1.645
Lynas is considering its legal options after Malaysia added new conditions to licence renewals for its $US800 million plant in the country, sending shares in the Australian rare earths miner sharply lower.
BOQ – BANK OF QUEENSLAND – down 13 cents, or 1.31 per cent, to $9.77
Bank of Queensland chief executive Jon Sutton has resigned to focus on his health following triple bypass surgery earlier this year.
AMP – AMP LIMITED – down two cents, or 0.82 per cent, to $2.43
AMP advice executive Jack Regan, who admitted the firm’s misconduct in evidence to the royal commission, has retired after 20 years with the wealth giant.
COL – COLES – up 33 cents, or 2.87 per cent, to $11.82
Coles has ended its run of six consecutive days in the red and closed higher for only the third time following its demerger from Wesfarmers.