Stocks to watch
Stocks to watch on the Australian stock exchange:
CAR - CARSALES.COM - down 25 cents, or 1.7 per cent, at $14.12
The online vehicle classifieds business lifted its first-half profit by 27 per cent and says it is on track to deliver growth in the second half of the financial year.
CBA - COMMONWEALTH BANK - down 61 cents, or 0.8 per cent, at $76.79
The bank's half-year profit dropped two per cent to $4.7 billion after Australia's largest bank set aside cash for potential penalties in its Federal Court tussle with AUSTRAC.
CIM - CIMIC - up $1.55, or 3.5 per cent, at $46.46
The construction giant raised its dividend by 13 cents on the back of a 21 per cent lift in full-year profit and forecast a rise in profit in the year ahead.
MGC - MG UNIT TRUST - steady at 82.5 cents
The dairy processor's milk intake has continued to fall because it can't pay dairy farmers a competitive price for their milk, the co-operative said.
MYR - MYER - down 1.5 cents, or 2.3 per cent, at 63.5 cents
PMV - PREMIER INVESTMENTS - down 5 cents, or 0.4 per cent, at $14.00
Solomon Lew's Premier Investments has begun moves to oust the board of Myer, seeking the details of all Myer shareholders to set up an extraordinary general meeting.
NCK - NICK SCALI - down 8 cents, or 1.2 per cent, at $6.90
A sales boost from new stores in Australia and New Zealand helped the furniture retailer lift its first-half profit by 15 per cent, though it same store sales growth slowed.
RIO - RIO TINTO - up $2.88, or 3.8 per cent, at $78.31
The resources giant is releasing its annual financial results after the market closes for trade, and expectations are for an improved profit.
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