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Friday 19

April, 2019 6:37 PM



Stocks to watch

Stocks to watch

Stocks of interest at the close of trade on the ASX on Tuesday, January 29.

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By AAP 30.01.2019 03:30 AM

Stocks of interest at the close of trade on the ASX on Tuesday, January 29.

TPM - TPG TELECOM - up 21 cents, or 3.02 per cent to $7.17

TPG Telecom has stopped work on the construction of Australia's newest mobile network because of the federal government's ban on using Huawei equipment in 5G.

TLS - TELSTRA - up 23 cents, or 7.77 per cent to $3.19

Telstra rallied on the TPG announcement with stocks rising steadily throughout the day.

BHP - up 69 cents, or 2.09 per cent to $33.74

RIO - RIO TINTO - up $3.06, or 3.8 per cent, to $83.53

A jump in iron ore prices to a 10-month high has pulled up some of the major miners following the deadly Minas Gerais disaster in Brazil, while BHP will pay a special dividend on Wednesday.

RMD - RESMED - down $1.51, or 10.44 per cent to $12.96

The sleep device manufacturer continues to slide after reporting results on Friday which fell short of market expectations.

NAB - NATIONAL AUSTRALIA BANK - down 48 cents, or 1.94 per cent, to $24.26

The National Australia Bank's index of business conditions, released on Tuesday, slid nine points in December, taking it under the long-run average.

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