Australia Markets close in 3 hrs 54 mins

Stocks to watch

Stocks of interest at the close of trading on Monday, February 10.

-

HZN - HORIZON OIL - down 3.6 cents, or 30 per cent, to 8.4 cents

The board of the oil producer says it has initiated an independent investigation into corruption allegations published in the Australian Financial Review.

The article said that in 2011, Horizon ignored warnings and paid $US10.3 million ($A15.4m) to an unknown shell company to obtain a share in an oil permit in Papua New Guinea.

JBH - JB HI FI - up $4.61, or 11.5 per cetn, to $44.71

The electronics retailer boosted its interim payout to shareholders after a strong Christmas helped lift its first-half profit 6.6 per cent to $170.6 million.

JB Hi-Fi shareholders will receive a dividend of 99 cents per share, fully franked, up from 91 cents a year ago.

BLD - BORAL LIMITED - down 55 cents, or 10.7 per cent, to $4.60

The construction materials manufacturer has confirmed that staff at its North American windows business inflated earnings figures over a 20-month period to give a false impression of the segment's health and profitability.

Employees overstated pre-tax earnings by $US24.4 million ($A36.6 million) at the windows division between March 2018 and October 2019.

The company has sacked its vice president of finance and financial controller and is promising accounting changes.

Separately, chief executive Mike Kane has announced his retirement.

GPT - GPT GROUP - up 17 cents, or 2.8 per cent, to $6.34

The property developer has boosted its full-year payout and beaten guidance for funds from operations but the firm's net profit has dipped 40 per cent to $880 million on lower property valuation gains.

The property firm on Monday said profit was down from $1.45 billion a year ago when it recorded $910.7 million in valuation gains on its portfolio, compared with just $342.2 million in gains this year.

LVT - LIVETILES - up two cents, or 5.9 per cent, to 36 cents

The workplace intranet company is partnering with Canva, integrating its design platform into its service.

"With one click, users such as marketing managers or corporate communications leads can immediately create engaging and data rich graphic design elements directly within the LiveTiles platform, with no design expertise required," LiveTiles said.