Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday:

BHP - BHP BILLITON - up 46 cents, or 2.95 per cent, at $16.03

BHP Billiton says it is not keen on boosting iron ore supplies in a weak market, signalling a change in its long-held position, as it shifts focus to maintaining financial discipline.

BHP - BHP BILLITON - up 46 cents, or 2.95 per cent, at $16.03

FMG - FORTESCUE METALS GROUP - up 13.00 cents, or 6.37 per cent, at $2.17

RIO - RIO TINTO - up $1.07, or 2.66 per cent, at $41.35

Shares in the mining giants could enjoy a lift on Tuesday, as the price of iron ore creeps closer to the $US50 mark, lifting $US1.33 to $US49.62.

BPT - BEACH ENERGY - up 4.5 cents, or 8.45 per cent, at 57.5 cents

Beach Energy has merged with rival Drillsearch Energy, with Beach shares expected to be issued to Drillsearch shareholders on Tuesday.

ORA - ORORA - up three cents, or 1.32 per cent, at $2.31

Packaging company Orora has acquired US marketing and print company IntegraColor for $US77 million ($A107.8 million).

ORG - ORIGIN ENERGY - up 16.0 cents, or 3.61 per cent, at $4.59

STO - SANTOS - up 12.0 cents, or 3.63 per cent, at $3.43

Energy companies may see their shares rise with the price of oil gaining overnight.

TGR - TASSAL - down 4.0 cents, or 1.04 per cent, at $3.80

Salmon farmer Tassal says growth and death rates among its fish in Tasmania's Macquarie Harbour have been in line with expectations despite challenging summer conditions.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7184-0.0001-0.01%
    AUDUSD=X
    0.4916+0.0003+0.05%
    AUDGBP=X
    0.6462-0.0001-0.02%
    AUDEUR=X