Stocks of interest at the close of trade on the ASX on Tuesday, December 11:
WBC – WESTPAC BANK – up 20 cents, or 0.8 per cent, to $25.06
Westpac will be the first of the big banks to face heightened shareholder angst, with the lender’s annual general meeting on Wednesday in Perth a likely barometer for investor unhappiness following a harrowing year for the financial sector.
QBE – QBE INSURANCE – down 43 cents, or 4.1 per cent, to $9.96
QBE Insurance has announced a three-year operational efficiency program targeting savings of $130 million in 2021, with the company also flagging better profits in 2019.
CIM – CIMIC GROUP – up $1.87, or 4.7 per cent, to $41.65
Cimic Group’s shares rose after the engineering and infrastructure contractor was selected to deliver a capital waterworks program in Tasmania.
NHC – NEW HOPE – up 25 cents, or 7.9 per cent, to $3.40
WHC – WHITEHAVEN COAL – up 15 cents, or 3.6 per cent, to $4.36
Despite the energy sector trending lower, both New Hope and Whitehaven were higher on rising coal prices.