daytrading nov 28 morning

Good morning all. Daytrading Morning thread for Nov 28.

Dow: 11,232 -26 -0.23%
FTSE: 5,165 +37 +0.72%
Gold: 1,684 -15 -0.89%
Oil: 97.32 +1.15 +1.20%
AUD/USD: 0.98

Australian market preview:
The Australian market looks set to open flat following falls on Wall Street on Friday but as eurozone leaders begin to talk up potential debt bailout scenarios.

At 0715 AEDT on Monday, the December share price index futures contract was up five points at 4,008.

No major economic news is expected on Monday.

In equities news, LNG Outlook Australasia 2011 conference is on in Perth, while Count Financial Ltd, Carrick Gold Ltd and Sedgman Ltd hold annual general meetings and RXP Services Ltd is due to list on the ASX.

Stocks to watch on Monday:

BBG - BILLABONG INTERNATIONAL LTD - down 11 cents, or 3.02 per cent, at $3.53

Surfwear maker and seller Billabong says it doesn't know why its shares dropped 12.5 per cent on the highest trading volume in three months on Thursday.

BXB - BRAMBLES LTD - down 13 cents, or 1.9 per cent, at $6.71

Pallet services provider Brambles has acquired Canadian counterpart company Paramount Pallet for $C13 million ($A12.76 million).

COU - COUNT FINANCIAL LTD - last traded at $1.40

Count Financial is due to hold its AGM on Monday.

CRK - CARRICK GOLD LTD - last traded at 39.5 cents

Carrick Gold is due to hold its AGM on Monday.

DUE - DUET GROUP - down 0.5 cents, or 0.29 per cent, at $1.735

Electrical wire and gas pipeline owner DUET Group has confirmed it will pay a distribution of 16 cents per stapled security this financial year.

EPW - ERM POWER LTD - down two cents, or 1.32 per cent, at $1.49

WOW - WOOLWORTHS LTD - down 33 cents, or 1.9 per cent, at $24.23

Electricity generator and seller ERM Power has extended a contract with Woolworths in Victoria by three years for a value of $140 million.

FGL - FOSTER'S GROUP LTD - up three cents, or 0.56 per cent, at $5.37

Federal Treasurer Wayne Swan has approved an application by US brewer SABMiller to acquire Foster's.

FMS - FLINDERS MINES LTD - up 10.5 cents, or 63.6 per cent, at 27 cents

FMG - FORTESCUE METALS GROUP LTD - down three cents, or 0.66 per cent, at $4.51

A Russian steel making giant is expected to do a deal with Fortescue Metals Group after a $554 million takeover of Flinders Mines, which operates an iron ore project next to Fortescue's Solomon development.

MYR - MYER HOLDINGS LTD - down six cents, or 2.56 per cent, at $2.28

Myer has reiterated that sales this fiscal year will be flat and net profit will decline as much as 10 per cent because of the tough retail conditions.

OMH - OM HOLDING LTD - down one cent, or 2.4 per cent, at 40.5 cents

A subsidiary of mining company OM Holdings has been charged over damage to an Aboriginal sacred site in Central Australia.

PRY - PRIMARY HEALTH CARE LTD - down 13 cents, or 3.96 per cent, at $3.15

Primary Health Care has forecast profit growth of up to 22 per cent as it grows its existing general practice, pathology and diagnostic imaging businesses.

RIO - RIO TINTO LTD - down 46 cents, or 0.74 per cent, at $61.95

IZM - INTERCEPT MINEALS LTD - down 0.3 cents, or 4.3 per cent, at 6.7 cents.

Mining giant Rio Tinto has agreed to take part in Intercept Minerals' bauxite project on Tiwi Islands.

RXP - RXP SERVICES LTD - at 50 cents

RXP Services Ltd is due to list on the ASX on Monday.

SDL - SUNDANCE RESOURCES LTD - last traded at 42.5 cents

Sundance Resources has requested its shares be placed in a trading halt pending an update on the proposed take-over by Hanlong Mining Group.

SDM - SEDGMAN LTD - last traded at $2.02

Sedgman is due to hold its AGM on Monday.

WHC - WHITEHAVEN COAL LTD - down 12 cents, or 2.27 per cent, at $5.16

Whitehaven Coal says it will have an additional 2.4 million tonnes per annum (Mtpa) of port capacity at Port Waratah Coal Services in Newcastle from 2015.

WPL - WOODSIDE PETROLEUM LTD - down $2.06, or 5.82 per cent, at $33.36

Woodside Petroleum has set a production target for calendar 2012 that is 27 per cent higher than 2011, as its Pluto liquified natural gas project comes on stream.


Again I will echo what Endless used to say "Check open orders."


Good luck with your trading!
Suzie.