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Stocks to watch at close on Monday

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Stocks to watch

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AAP

2013-02-25

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

BPT - BEACH ENERGY LTD - up 7.5 cents at $1.37

Shares in Beach Energy have gained more than eight per cent after Chevron Australia announced it will take a stake in two gas exploration sites in the Cooper Basin.

CTX - CALTEX AUSTRALIA LTD - up 43 cents at $18.67

Caltex Australia has returned to profitability as its refining businesses showed the results of recent structural changes.

LEI - LEIGHTON HOLDINGS LTD - up nine cents at $23.25

The value of a contract held by Leighton Holdings for work on the Gorgon natural gas project has more than doubled to nearly $1.8 billion.

PFL - PATTIES FOODS LTD - down 13.5 cents at $1.565

Stiff competition in the supermarket frozen food aisle has eaten into Patties Foods margins and caused its first half profit to dip 16.5 per cent.

QAN - QANTAS AIRWAYS LTD - up one cent at $1.645

Qantas director Corrine Namblard has resigned from the airline's board after becoming caught up in an Italian corruption investigation.

QBE - QBE LTD - down 15 cents at $13.03

The Finance Sector Union (FSU) has urged QBE Insurance Group to reveal whether or not it plans to send 700 Australian jobs offshore to Manila.

TEN - TEN NETWORK HOLDINGS LTD - up two cents at 31.5 cents

Ten Network Holdings shares are up in early trade as market players express hope that new management may improve the struggling free-to-air broadcaster's performance.

WHG - WHK GROUP LTD - up one cent at $1.065

SFW - SFG AUSTRALIA LTD - down 0.5 cents at 60 cents

After recently cutting jobs to save costs, accounting firm WHK Group is considering a $320 million merger proposal from wealth management firm SFG Australia.