Stocks to watch on the Australian stock exchange on Monday:
ANZ – ANZ BANKING GROUP LTD – up 15 cents at $20.93
CBA – COMMONWEALTH BANK OF AUSTRALIA – up 50 cents at $49.13
NAB – NATIONAL AUSTRALIA BANK LTD – down five cents at $23.43
WBC – WESTPAC BANKING GROUP – up five cents at $20.51
ANZ Banking Group’s chief executive says Australian banks have sufficient liquidity to deal with the credit crunch caused by the unfolding debt crisis in Europe.
CCL – COCA COLA AMATIL LTD – up 21 cents at 12.02
Coca Cola Amatil says its second half profit will rise 4.5 per cent as the beverage maker increases volumes and revenue.
IAG – INSURANCE AUSTRALIA GROUP – up six cents at $3.16
Insurance Australia Group has swooped on a major New Zealand insurer weakened by the impact of the Christchurch earthquakes as it strives for growth in the Asia Pacific region.
ORI – ORICA LTD – down 19 cents at $25.18
NSW Environment Minister Robyn Parker has welcomed Orica’s decision to postpone the start up of its ammonia plant because of safety concerns.
QAN – QANTAS AIRWAYS LTD – down 0.5 cents at $1.52
Qantas has struck a new three-year deal with its short-haul cabin crew.
WES – WESFARMERS LTD – down 27 cents at $30.50
Wesfarmers says it expects to book $90 million pre-tax profit on the sale of its Premier Coal business to Chinese-owned Yancoal, after the deal was given regulatory approval on Friday.
