Stocks to watch at Close on Monday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Monday:
ALK - ALKANE RESOURCES LTD - up 9.5 cents at 66 cents
Shares in Alkane Resources shot up 14 per cent on Monday after the minerals explorer announced it has been granted a mining lease for its Tomingley Gold Project near Dubbo in NSW.
ASX - ASX LTD - down seven cents at $35.88
Share market operator ASX will retain its dominance of processes behind share sales after the federal government put off a decision to consider new competitors.
COF - COFFERY INTERNATIONAL LTD - up two cents at 38.5 cents
Shares in consultancy group Coffey International have risen more than nine per cent as the company's turnaround strategy remains on track despite a fall in first half profit.
IAG - INSURANCE AUSTRALIA GROUP LTD - down two cents at $5.17
Insurance Australia Group (IAG) says claims from recent floods and bushfires on Australia's east coast could cost it up to $175 million.
ORG - ORIGIN ENERGY LTD - up six cents at $12.33
STO - SANTOS LTD - down five cents at $12.23
Environmental review processes for two huge coal seam gas (CSG) projects in Queensland were thorough, Australia's peak gas body says.
JBH - JB HI-FI LTD - up $12.89
Electronics retailer JB Hi-Fi has lifted its first half profit by three per cent and expects full year profit to grow by up to seven per cent.
RIO - RIO TINTO LTD - down 15 cents at $69.45
Rio Tinto has welcomed a tribunal ruling blocking access to the global miner's main Pilbara train lines by other companies.