Stocks to watch
Stocks to watch on the Australian stock exchange:
BHP - BHP BILLITON - down 9 cents, or 0.4 per cent, at $24.40
FMG - FORTESCUE METALS GROUP - down 7 cents, or 1.4 per cent, at $4.99
RIO - RIO TINTO - down 43 cents, or 0.7 per cent, at $62.62
The price of iron ore dropped to around $US68 over the weekend.
MGC - MG UNIT TRUST (MURRAY GOULBURN) - down 1.5 cents, or 2.0 per cent, at 72 cents
Australia's biggest dairy processor, Murray Goulburn, has cut its forecast milk intake for the 2017/18 financial year but says the reduction has not affected the price the company expects to pay farmers for their milk.
NCM - NEWCREST MINING - up 18 cents, or 0.9 per cent, at $19.76
Newcrest Mining has posted a 2.4 per cent drop in full-year gold production, driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.
OSH - OIL SEARCH - down 13 cents, or 2.0 per cent, at $6.51
STO - SANTOS - down 7 cents, or 2.2 per cent, at $3.19
WPL - WOODSIDE PETROLEUM - down 89 cents, or 3.0 per cent, at $28.57
Oil prices slumped more than 2.5 per cent on a report forecasting that OPEC production was likely up in July.
WBC - WESTPAC - down 25 cents, or 0.8 per cent, at $32.17
CHC - CHARTER HALL GROUP - down 11 cents, or 2.1 per cent, at $5.18
Westpac has entered into exclusive discussions with property giant Charter Hall Group to sell its infrastructure investment business Hastings Management.
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