Stocks to watch on Monday

Stocks to watch on the Australian stock exchange at close on Monday:

DLX - DULUX GROUP - down 36 cents, or 5.5 per cent, at $6.19

Dulux Group is looking for more acquisitions as it finalises its takeover of Porters Paint.

ELD - ELDERS - up 17 cents, or 5.35 per cent, $3.35

Agribusiness Elders expects strong prices for sheep and cattle and rising demand for live exports to continue to drive its profit growth.

PXS - PHARMAXIS - up 8.5 cents, or 51.5 per cent, at 25 cents

Biotech Pharmaxis has sold an anti-inflammatory drug it was developing to Germany's Boehringer Ingelheim in a deal worth up to $750 million (PXS.

RIO - RIO TINTO - down 65 cents, or 1.1 per cent, at $57.45

Rio Tinto is reportedly again looking to sell off its Pacific Aluminium business, which owns smelters in Australia and New Zealand.

S32 - SOUTH 32 - trading at $2.05

Shares in BHP Billiton spin-off South32 fell away in afternoon trade from the $2.13 they began trading at noon.

VET - VOCATION - up 0.5 cents, or 3.6 per cent, at 14.5 cents

Troubled education group Vocation is paying back $8 million to the Victorian government and recalling the qualifications of 1,100 students.


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