Stocks to watch at close on Monday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Monday:
AIZ - AIR NEW ZEALAND LTD - up one cent at 96 cents
VAH - VIRGIN AUSTRALIA HOLDINGS LTD - up one cent at 49.5 cents
Air New Zealand has kept its stake in partner airline Virgin Australia, buying 49.1 million shares to retain ownership at 19.99 per cent after Singapore Airlines joined the shareholder register.
APN - APN NEWS & MEDIA LTD - down one cent at 30 cents
APN News & Media, publisher of the New Zealand Herald, is selling its South Island newspapers, along with its Wellington-based community papers.
ARI - ARRIUM LTD - up 0.5 cents at 72 cents
Iron ore miner and steel maker Arrium has begun looking for its next chief executive.
BBG - BILLABONG INTERNATIONAL LTD - up 7.5 cents at 81.5 cents
The head of Billabong's United States business is considering taking control of the surfwear company.
BLY - BOART LONGYEAR LTD - up 10.5 cents at $1.40
Usually a profit downgrade sends a company's stock plummeting, but traders surprised on Monday, sending drilling company Boart Longyear up in value.
ELD - ELDERS LTD - down 0.5 cents at 14.5 cents
Agricultural business Elders has made a $60.6 million loss but says its underlying performance is improving.
ORG - ORIGIN ENERGY LTD - up 41 cents at $10.25
The Australia Pacific liquefied natural gas (APLNG) joint venture has begun drawing on its $US8.5 billion ($A8.25 billion) funding facility for its massive LNG project in Queensland.
RIO - RIO TINTO LTD - down 19 cents at $56.71
China is on track to become the world's largest generator of nuclear power between now and some time in the 2020s, a senior Rio Tinto executive says.
STO - SANTOS LTD - up 42 cents at $11.30
Oil and gas producer Santos' chief executive David Knox says Australia needs to tap into the large pool of foreign skilled labour to meet the planned development of energy projects in the years ahead.