Stocks of interest at the close of trade on the ASX on Tuesday, January 29.
TPM – TPG TELECOM – up 21 cents, or 3.02 per cent to $7.17
TPG Telecom has stopped work on the construction of Australia’s newest mobile network because of the federal government’s ban on using Huawei equipment in 5G.
TLS – TELSTRA – up 23 cents, or 7.77 per cent to $3.19
Telstra rallied on the TPG announcement with stocks rising steadily throughout the day.
BHP – up 69 cents, or 2.09 per cent to $33.74
RIO – RIO TINTO – up $3.06, or 3.8 per cent, to $83.53
A jump in iron ore prices to a 10-month high has pulled up some of the major miners following the deadly Minas Gerais disaster in Brazil, while BHP will pay a special dividend on Wednesday.
RMD – RESMED – down $1.51, or 10.44 per cent to $12.96
The sleep device manufacturer continues to slide after reporting results on Friday which fell short of market expectations.
NAB – NATIONAL AUSTRALIA BANK – down 48 cents, or 1.94 per cent, to $24.26
The National Australia Bank’s index of business conditions, released on Tuesday, slid nine points in December, taking it under the long-run average.