Australia Markets closed

Stocks to watch at close on Monday

Stocks to watch on the Australian stock exchange at the close on Monday:

AFJ - AFFINITY EDUCATION - up 8.5 cents, or 11.5 per cent, at 82.5 cents

GEM - G8 EDUCATION - up 10 cents, or 2.9 per cent, at $3.50

Childcare operator G8 Education has increased its takeover offer for rival Affinity Education to include almost $150 million in cash.

ARG - ARGO INVESTMENTS - up one cent, or 0.1 per cent, at $8.29

Investment firm Argo Investments expects the recent fall in the Australian dollar will help the local economy in the 2015/16 financial year.

CSL - CSL - down 13 cents, or 0.1 per cent, at $98.83

Biotechnology giant CSL has completed its $US275 million acquisition of Novartis' influenza business.

FDC - FEDERATION CENTRES - down 13 cents, or 4.3 per cent, at $2.87

Shopping centres operator Federation Centres has appointed former Novion chief executive Angus McNaughton as CEO following the companies' merger.

QFX - QUICKFLIX - suspended at 0.2 cents

Online streaming service Quickflix has suspended its shares from trading ahead of an expected announcement about a new deal.

RIO - RIO TINTO - down 66 cents, or 1.25 per cent, at $52.20

Rio Tinto has acquired 220,000 shares under the $US2 billion ($A2.74 billion) buyback scheme it launched in February.

SKE - SKILLED GROUP - up 4.5 cents, or 2.9 per cent, at $1.585

PRG - PROGRAMMED MAINTENANCE SERVICES - up 11 cents, or 4.6 per cent, at $2.50

Programmed Maintenance Services is facing a hit of up to $67.4 million in relation to its takeover of rival labour hire business Skilled Group.

TEN - NETWORK TEN - up 0.5 cents, or 2.4 per cent, at 21.5 cents

Embattled broadcaster Network Ten has hired the former head of entertainment at ITV Studios Australia to join its TV production team.

VMT - VMOTO - up one cent, or 2.4 per cent, at 43 cents

Australian manufacturer Vmoto will start selling its electric scooters in the UK and Ireland after signing an exclusive distribution agreement.