Stocks to watch at close on Monday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Monday:
ACL - ALCHEMIA LTD - up 4.5 cents at 54.5 cents
Drug developer Alchemia intends to demerge its oncology (cancer) business to form a new company and list it on the United States market.
COK - COCKATOO COAL LTD - down one cent at 20 cents
A major coal project planned for central Queensland is a step closer to fruition.
FMG - FORTESCUE METALS GROUP LTD - down five cents at $4.83
Fortescue Metals Group says it's pleased with the Queensland government's decision to challenge the mining tax in the High Court.
GMT - GOODMAN PROPERTY TRUST - up 1.5 cents at $1.02
Goodman Property Trust has sold the Vector Centre in Newmarket, Auckland, for $NZ20.35 million ($A16.03 million) to a private investor.
ILU - ILUKA RESOURCES LTD - down $2.82 or 24.1 per cent at $8.88
Shares in Iluka Resources plunged after the mineral sands miner downgraded its 2012 sales forecasts.
LEI - LEIGHTON HOLDINGS LTD - up three cents at $16.51
Construction giant Leighton Holdings has sold its Thiess Waste Management to Remondis AG & Co KG for $218 million.
LLC - LEND LEASE GROUP - down one cent at $7.46
Lend Lease has secured $2 billion in funding for its Barangaroo development on Sydney Harbour.
MIR - MIRRABOOKA INVESTMENTS LTD - up eigth cents at $1.89
Listed investment fund Mirrabooka's full year profit rose by 18 per cent as its investments in small and mid-sized companies bucked the negative trend of the wider market.