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Stocks to watch

Stocks to watch on the Australian Stock Exchange
  • AAP (Unknown Publication)
  • 17 March, 2010 10:05
  • Comments

Stocks to watch on the Australian Stock Exchange:

ACR - ACRUX LTD - up five cents at $2.43

Drug developer Acrux could receive up to $US335 million ($A366.36 million) plus royalties from US-based pharmaceutical firm Eli Lilly and Company for exclusive rights to commercialise Acrux's underarm testosterone booster, Axiron.

ANZ - ANZ BANKING GROUP LTD - up 13 cents at $24.15

ANZ Banking Group is seeking a buyer for its 10 per cent stake in Viet Nam's largest private commercial bank, according to media reports.

CBH - CBH RESOURCES LTD - up 1.5 cents at 18.5 cents

CBH Resources says it has received a revised proposal from major shareholder Toho Zinc in the wake of last week's $213.45 million takeover bid by Belgian zinc giant Nyrstar NV.

LNG - LIQUEFIED NATURAL GAS LTD - up 1.5 cents at 52.5 cents

AOE - ARROW ENERGY LTD - down two cents at $5.23

Liquefied Natural Gas may be making fresh plans for its Fisherman's Landing project, after renegotiating the sale terms with Arrow Energy.

MAH - MACMAHON HOLDINGS LTD - down 0.5 cents at 74 cents

Engineering contractor Macmahon Holdings says it has been awarded a three-year contract valued at more than $190 million to develop and operate the new Cameby Downs coal mine in Queensland.

MYR - MYER HOLDINGS LTD - steady at $3.51

Jennifer Hawkins played fashion's grand conductor along with the Melbourne Symphony Orchestra and a 500-plus cast and crew for the epic-sized launch of the department store's autumn winter 2010 collection staged at the Sidney Myer Music Bowl.

NAB - NATIONAL AUSTRALIA BANK LTD - down eight cents at $26.75

National Australia Bank has released financial information for the past two fiscal years in the format that it will use in future, beginning with the bank's 2010 financial results.

RCY - RIVERCITY MOTORWAY GROUP - steady at 24 cents

Traffic is flowing freely again through Brisbane's Clem7 tunnel after a break down clogged the $3 billion crossing during its first peak-hour test.

RIO - RIO TINTO LTD - up 12 cents at $75.50

Global miner Rio Tinto has predicted China's demand for key commodities will grow exponentially during the next 15 years, with India then taking over to lead further demand.

SGP - STOCKLAND GROUP - down one cent at $3.95

Australia's love affair with large homes is extravagant and unsustainable and their size needs to be reduced to make housing more affordable, says developer Stockland Group.

SEV - SEVEN NETWORK LTD - up three cents at $8.00

Seven Network shareholders have five weeks to consider the proposed merger with Kerry Stokes's privately owned industrial equipment business.

TLS - TELSTRA CORPORATION LTD - up seven cents at $3.11

Telstra has sold one billion euros ($A1.5 billion) of 10 year bonds.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: AB, Acrux, ANZ, ARROW ENERGY, Australian Stock Exchange, etwork, Hawkins, ING, MACMAHON HOLDINGS, NAB, National Australia Bank, Rio, RIO TINTO, Seven Network, Stocks, Telstra

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