Stocks to watch on the Australian stock exchange at the close on Tuesday:
BRL – BATHURST RESOURCES – in a trading halt, last traded at seven cents
Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport.
BLX – BEACON LIGHTING GROUP – up 40 cents, or 60.6 per cent, at $1.06
Australia’s largest retailer of residential lighting, ceiling fans and light globes has enjoyed a bright start to life on the share market.
CCL – COCA-COLA AMATIL – up three cents, or 0.3 per cent, at $9.09
Ratings agency Standard and Poor’s has downgraded Coca-Cola Amatil’s credit rating in the wake of a slide in the the beverage giant’s earnings.
IAG – INSURANCE AUSTRALIA GROUP – up three cents, or 0.55 per cent, at $5.49
Insurance Australia Group has reaffirmed its full year guidance for gross written premium growth of three to five per cent.
NUF – NUFARM – up eight cents, or 2.0 per cent, at $4.07
Agricultural chemicals manufacturer Nufarm will close its New Zealand manufacturing plant and shift regional production to Victoria.
OZL – OZ MINERALS – up nine cents, or 2.4 per cent, at $3.84
OZ Minerals says a dozen parties are looking at buying the company’s key growth asset, the Carrapateena copper project in South Australia.
RIO – RIO TINTO – up nine cents, or 0.1 per cent, at $63.35
Rio Tinto produced and shipped less iron ore during the first three months of 2014 after bad weather affected its ports and mining operations in Western Australia.