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AAP

February 18 2013, 07:24AM

Stocks to watch on the Australian stock exchange on Monday, February 18

ANZ - ANZ BANKING GROUP LTD - down 29 cents at $27.77

A lack of business confidence on both sides of the Tasman has been a drag on ANZ's quarterly profit, something the bank has dismissed as a temporary aberration.

APN - APN NEWS & MEDIA LTD - in trading halt, last traded at 30 cents

The future of APN News & Media's chief executive Brett Chenoweth is under a cloud as its major shareholder seeks to oust him from the top job.

BHP - BHP BILLITON LTD - down 30 cents at $38.59

Resources giant BHP Billiton is expected to post a third consecutive profit fall on Wednesday due largely to last year's massive slump in iron ore prices.

CVW - CLEARVIEW LTD - up three cents at 70 cents

ClearView has made a $561,000 first half loss, mainly due to costs related to CCP Bidco's takeover of the financial services company.

CQR - CHARTER HALL RETAIL REIT - up two cents at $3.88

Shopping centre group Charter Hall Retail REIT has swung back into the black with a first half net profit of $15.8 million.

OGC - OCEANAGOLD CORPORATION - down one cent at $2.58

OceanaGold Corp's after-tax profit for the 2012 calendar year more than halved from the previous year despite a 55 per cent increase in gold production in the fourth quarter compared to the previous quarter.

PRU - PERSEUS MINING LTD - up three cents at $1.825

Australian-based miner Perseus is looking forward to improved earnings and production results after its first half profit more than doubled to $32.5 million.

RIO - RIO TINTO LTD - down $1.92 at $70.15

Rio Tinto has been punished by the share market for posting its first ever loss, with its stocks plunging by nearly three per cent.

SGM - SIMS METAL MANAGEMENT LTD - down 11 cents at $10.85

The world's largest recycler Sims Metal Management has revealed more than $430 million in writedowns, setting itself up to post a massive first half loss.

TGR - TASSAL GROUP LTD - up 16.5 cents at $1.88

Salmon farmer Tassal says it has a strong marketing plan and new product initiatives to continue to boost the consumption of salmon among domestic consumers.

WES - WESFARMERS LTD - up 67 cents at $39.55

WOW - WOOLWORTHS LTD - up two cents at $32.90

The head of Australia's competition watchdog says it was hard to get grocery suppliers to come forward to give evidence about alleged improper practices by Coles and Woolworths.