daytrading oct 18 morning

Good morning traders,

from AAP:
Stocks to watch on Tuesday October 18:

ANN - ANSELL LTD - down one cent at $13.86

Gloves and condoms maker Ansell has reported mixed cost pressures on its raw materials but says the business remains solid despite world economic uncertainty.

CWN - CROWN LTD - up 10 cents at $7.88

Victorian Premier Ted Baillieu has denied Crown Casino is getting special treatment after it was given exemptions from smoking bans in parts of the complex.

CXY - COUGAR ENERGY LTD - up 0.1 cents at 1.5 cents

Cougar Energy's unprecedented move to sue Queensland bureaucrats who shut down its $550 million underground coal gasification project is a bullying tactic, treasurer Andrew Fraser says.

ERA - ERA LTD - up four cents at $2.22

Energy Resources of Australia has raised $380 million from institutional investors in a new share sale to extend its Ranger uranium mine.

FMG - FORTESCUE METALS GROUP LTD - up 22 cents at $5.11

Miner Fortescue Metals Group is undeterred by an expected continuation of softer iron ore prices as it eyes long-term output expansion.

GFF - GOODMAN FIELDER LTD - up one cent at 54 cents

Goodman Fielder is merging its three New Zealand divisions into a single business and tapped one of its executives to the newly created role of country managing director.

NWS - NEWS CORPORATION - up 11 cents at $16.87

NSWLV NEWS CORPORATION NON VOTING STOCK - up 11 cents at $16.76

Rupert Murdoch and his leaders at News Corp face a firestorm at Friday's shareholder meeting amid calls for Murdoch and sons James and Lachlan to be removed from the company's board.

PPT - PERPETUAL LTD - up 58 cents at $23.44

Perpetual Ltd returned $70 million to shareholders after completing an off-market share buy-back.

QAN - QANTAS AIRWAYS LTD - down two cents at $1.54

Qantas has cancelled 16 domestic flights on Monday, with the airline blaming maintenance engineers for having to ground five planes as its dispute with pilots escalates.

RIO - RIO TINTO LTD - up $1.65 at $69.95

Rio Tinto has continued to try to turn its disastrous, overpriced $US38.1 billion Alcan acquisition into a positive by putting 13 of its aluminium units up for sale.

SUL - SUPER RETAIL GROUP LTD - in trading halt, last traded at $6.50

Super Retail Group plans to open more than 50 new stores and expand into the leisure retail market after agreeing to buy sports goods retailer Rebel Group from private equity firm Archer Capital for $610 million.

TLS - TELSTRA CORPORATION SHAREHOLDERS - up four cents at $3.11

Telstra Corporation shareholders are set to say yes to the telco giant's $11 billion deal with the federal government on the national broadband network (NBN).



Good luck with your trading!

Suzie.