Stocks to watch at close on Monday

Reported by AAP
Monday, January 19, 2015
Topics in this article:
Macquarie,Paladin Energy ,Qantas Airways,Westpac Banking Corporation,Australian Foundation Investment Company Limited
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Stocks to watch on the Australian stock exchange at the close on Monday:

AFI - AUSTRALIAN FOUNDATION INVESTMENT COMPANY - steady at $6.04

Australian Foundation Investment Company has lifted its dividend despite a slight decrease in its first half profit.

MQG - MACQUARIE GROUP - up $2.96, or 5.35 per cent, at $58.25

Macquarie Group is on track to post its biggest profit in eight years as the lower Australian dollar and improved market activity bolsters its earnings.

OFX - OZFOREX - down 28 cents, or 10.3 per cent, at $2.43

WBC - WESTPAC - down 13 cents, or 0.4 per cent, at $32.63

OzForex shares dived after one of its major banking partners decided to severe ties to the foreign exchange business.

PDN - PALADIN ENERGY - down 1.5 cents, or 4.2 per cent, at 34 cents

Uranium miner Paladin Energy increased sales revenue during the December quarter but has slightly reduced full year production guidance.

QAN - QANTAS - down six cents, or 2.6 per cent, at $2.25

VAH - VIRGIN AUSTRALIA - down half a cent, or 1.1 per cent, at 44 cents

After a disastrous 2014, this year is shaping up to be much better for Qantas and Virgin Australia with lower fuel prices and a pull-back from a bruising battle for market share set to lift profits.

30/01/2015 03:15Sydney, Australia. 30 January,2015
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