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Intraday Stockwatch: What's moving on the ASX



  1. Intraday Stockwatch: What's moving on the ASX today
    SYDNEY, May 21 AAP|Published: Tuesday May 21, 2:09 PM



    Shares moving on the Australian stockmarket at 1400 AEST today:

    NAB - NATIONAL AUSTRALIA BANK LTD - down four cents at $35.64

    Federal Treasurer Peter Costello has urged consumers to shop around if they are not happy with the National Australia Bank's move to cut the value of credit card holders' Qantas frequent flyer points.

    The ACCC has also written to the country's biggest bank, seeking a please explain over the changes to its rewards program.

    CSR - CSR LTD - down 18 cents at $6.60

    Building products, aluminium and sugar group CSR Ltd today said it expects another solid result this year.

    ALL - ARISTOCRAT LEISURE LTD - down eight cents at $5.57

    Poker machine maker Aristocrat Leisure is confident it is on track for record growth this year, but has quashed rumours that it is about to make a major US acquisition.

    CXP - CORPORATE EXPRESS AUSTRALIA LTD - down 41 cents at $4.65

    Corporate Express shares are sharply lower today, after the company announced its managing director Ted Nark had resigned.

    MMD - MICROMEDICAL INDUSTRIES LTD - up one cent at 72 cents

    Healthcare equipment supplier MicroMedical Industries Ltd said today it expected a loss for the 2002 financial year of about $8.5 million.

    CBA - COMMONWEALTH BANK OF AUSTRALIA LTD - down 25 cents at $32.37

    Commonwealth Bank of Australia Ltd said today it is in the process of selling its Malaysian life business operations that it inherited when it acquired Colonial Ltd.

    LLC - LEND LEASE CORP LTD - down 23 cents at $10.57

    Lend Lease Corp Ltd shares have continued to crumble today, as investors further digest yesterday's double-whammy announcement. Lend Lease warned that 2002/03 earnings would come in at the lower end of expectations and flagged the departure of chief executive David Higgins.

    QBE - QBE INSURANCE GROUP LTD - up three cents at $7.27.

    QBE Insurance has agreed to a corporate watchdog undertaking to honour its travel insurance policies covering the costs of any cancelled Ansett tickets.

    AMP - AMP LTD - down two cents at $16.95.

    Financial services giant AMP Ltd has sold its Cogent asset administration business for $650 million to French bank BNP Paribas.



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