The Bull

Wednesday 15

August, 2018 7:28 PM



Stocks to watch

Stocks to watch

Stocks of interest on the Australian share market.

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By AAP 28.05.2018 05:20 PM

Stocks to watch on the Australian stock exchange:

FMG - FORTESCUE METALS - down 4 cents, or 0.9 per cent, at $4.50

Fortescue Metals' board has approved the development of the $1.7 billion Eliwana mine and rail project in Western Australia's Pilbara region.

IOF - INVESTA OFFICE FUND - up 52 cents, or 11.2 per cent, at $5.15

Office manager Investa Office Fund is subject of a $3.14 billion cash bid from US private equity group Blackstone.

ISU - ISELECT - up 9 cents, or 16 per cent, at X

Shares in price comparison service iSelect have jumped as much as 21 per cent after a group linked to UK-based broker Compare The Market bought a 10.15 per cent stake in its rival.

MTS - METCASH - down 65 cents, or 17.7 per cent, at $3.03

Metcash has flagged a potential $270 million sales hit after Drakes Supermarkets said it would not commit to using a new South Australian distribution centre.

RWC - RELIANCE WORLDWIDE - up $1.178, or 26.6 per cent, at $5.60

Reliance shares jumped after coming out of a trading halt during which it raised the capital to buy UK-based plastic fittings manufacturer John Guest for $1.22 billion.

WPL - WOODSIDE PETROLEUM - down $1.16, or 3.5 per cent, at $31.70

STO - SANTOS - down 21 cents, or 3.6 per cent, at $5.68

OSH - OIL SEARCH - down 18 cents, or 2.2 per cent, at $8.03

ORG - ORIGIN ENERGY - down 17 cents, or 1.8 per cent, at $9.49

Energy stocks are dragging the ASX lower on Monday after oil prices fell more than $US2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts.

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