The Bull

Tuesday 22

May, 2018 6:43 AM



Stocks of interest on the ASX this week

Stocks of interest on the ASX this week

Stocks of interest on the Australian share market this week

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By AAP 20.04.2018 04:45 PM

Movements are across the week:

AMP - AMP - down 48 cents, or 10 per cent, at $4.30

ANZ - ANZ BANKING GROUP - up one cent at $26.72

CBA - COMMONWEALTH BANK - down $1.10, or 1.5 per cent, at $72.06

NAB - NATIONAL AUSTRALIA BANK - down 15 cents, or 0.5 per cent, at $28.37

WBC - WESTPAC - down 30 cents, or 1.0 per cent, at $28.59

The financial services royal commission was told that Australia's largest wealth manager, AMP, had charged clients for advice they never received, and that AMP had lied to, or misled the regulator 20 times about its business practices. AMP chief executive Craig Meller subsequently resigned.

The commission also heard that some Commonwealth Bank financial advisers kept charging clients fees after they died.

BOQ - BANK OF QUEENSLAND - down 70 cents, or 6.8 per cent, at $10.35

Bank of Queensland joined the ranks of lenders offloading life insurance, agreeing to sell its St Andrew's unit for $65 million. It also announced a first-half cash profit of $182 million, up four per cent on the prior corresponding period.

VRL - VILLAGE ROADSHOW - down 83 cents, or 25.9 per cent, at $2.37

Theme park operator Village Roadshow downgraded its earnings forecasts as already weak visitor numbers were compounded by a wet March and competition from the Gold Coast Commonwealth Games.

AWC - ALUMINA - up 24 cents, or 9.2 per cent, at $2.83

S32 - SOUTH32 - up 45 cents, or 12.9 per cent, at $3.93

Shares in aluminium producers rose after prices for the metal hit a six-year high, extending the rally that started after the US imposed sanctions on Russia's UC Rusal, the world's second-biggest producer. But nickel and aluminium prices later fell on fears over the impact of US sanctions on Russian companies.

BHP - BHP BILLITON - up 13 cents, or 0.4 per cent, at $30.86

The mining giant trimmed its full-year iron ore production guidance due to unexpected dumper car maintenance.

WHC - WHITEHAVEN - up 21 cents, or 4.9 per cent, at $4.52

Whitehaven's total coal sales rose 10 per cent to 5.4 million tonnes in the March quarter, compared to the prior quarter. The company says thermal coal prices will stay buoyant if producers continue to "buy" coal rather than build new production capacity.

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