Stocks to watch
Stocks making moves or news on the ASX at the close on Monday, October 8:
MYO - MYOB - up 57 cents, or 19.13 per cent, to $3.55
MYOB says private equity firm KKR & Co has launched a takeover bid after bagging a 17.6 per cent stake in the cloud services provider.
TLS - TELSTRA - down six cents, or 1.86 per cent, to $3.19
The telco regulator has ordered Telstra to undertake an independent audit of how it manages customers with life-threatening medical conditions.
ANZ - ANZ BANKING - down 73 cents, or 2.6 per cent, to $26.99
ANZ has flagged an $824 million hit to its full-year profit due to impairments and one-off expenses, more than half of it related to customer remediation.
CBA - COMMONWEALTH BANK AUSTRALIA - down 65 cents, or 0.9 per cent, to $69.35
The Commonwealth Bank has stepped in to keep banking services running at Australia Post with a $110 million deal.
NAB - NATIONAL AUSTRALIA BANK - down 34 cents, or 1.25 per cent, to $26.87
WBC - WESTPAC BANKING - down 36 cents, or 1.31 per cent, to $27.13
The chief executives of Australia's four major banks have been warned to "show some humility" when politicians grill them this week.
BHP - BHP BILLITON - down $1.00, or 2.8 per cent, to $34.50
RIO - RIO TINTO - down $1.30, or 1.6 per cent, to $78.76
S32 - SOUTH32 - down 23 cents, or 5.4 per cent, to $4.00
The heavy materials sector was hit hard, including falls in aluminium and copper and questions about the continuation of Norsk Hydro's Alunorte alumina refinery in Brazil.
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