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Stocks to watch at Close on Monday

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Stocks to watch

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AAP

2013-02-11

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.