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Stocks to watch at close on Monday

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Stocks to watch

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AAP

2012-12-03

Stocks to watch on the Australian stock exchange at close on Monday:

ABC - ADELAIDE BRIGHTON - up three cents at $3.21

Building materials maker Adelaide Brighton has bought a 30 per cent stake in a Malaysian cement business for $US29.7 million $A28.59 million).

ORG - ORIGIN ENERGY LTD - up nine cents at $11.07

Origin Energy should be allowed to charge higher electricity prices to reflect the real cost of producing power, lawyers for the company have argued in court.

NWS - NEWS CORPORATION LTD - up four cents at $24.30

NWSLV - NEWS CORPORATION NON VOTING SHARES - down three cents at $23.71

The head of News Corp's UK newspaper operations is stepping down. Tom Mockridge, who has been CEO of News International since July 2011, will leave the company at the end of the year to pursue outside opportunities, the company said in a statement on Sunday.

SDL - SUNDANCE RESOURCES - in a trading halt, last traded at 39 cents.

Takeover target Sundance Resources has gone into a trading halt ahead of an announcement to the market prior to the start of trade on Wednesday.

SGM - SIMS METAL MANAGEMENT LTD - down 13 cents at $8.85

Scrap-metal recycler Sims Metal Management expects to register a loss from the $US50 million ($A48.13 million) sale of its assets in Arizona.

VAH - VIRGIN AUSTRALIA HOLDINGS LTD - steady at 44 cents

Virgin Australia has reported an improvement in passenger numbers on its domestic flights.

WPL WOODSIDE PETROLEUM LTD - up 31 cents at $34.11

Woodside Petroleum has struck a $US696 million ($A670.04 million) agreement confirming its role in a major gas prospect off the coast of Israel.