Stocks to watch at noon on Monday

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

ARG - ARGO INVESTMENTS - up 1.00 cent, or 0.12 per cent, at $8.29

Investment firm Argo Investments expects the recent fall in the Australian dollar will help the local economy in the 2015/16 financial year.

CSL - CSL - down 48.00 cents, or 0.48 per cent, at $98.48

Biotechnology giant CSL has completed its $US275 million ($A376.1 million) acquisition of Novartis' influenza business.

QFX - QUICKFLIX - suspended, last traded at 0.2 cents

Online streaming service Quickflix has suspended its shares from trading ahead of an expected announcement about a new deal.

RIO - RIO TINTO - down 52.00 cents, or 0.98 per cent, at $52.34

Rio Tinto has acquired 220,000 shares under the $US2 billion ($A2.74 billion) buyback scheme it launched in February.

SKE - SKILLED GROUP - up 3.00 cents, or 1.95 per cent, at $1.57

PRG - PROGRAMMED MAINTENANCE SERVICES - up 10.00 cents, or 4.18 per cent, at $2.49

Programmed Maintenance Services is facing a hit of up to $67.4 million in relation to its takeover of rival labour hire business Skilled Group.

TEN - NETWORK TEN - up 0.75 cents, or 3.57 per cent, at 21.75 cents

Embattled broadcaster Network Ten has hired the former head of entertainment at ITV Studios Australia to join its TV production team.

VMT - VMOTO - up 1.5 cents, or 3.57 per cent, at 43.5 cents

Australian manufacturer Vmoto will start selling its electric scooters in the UK and Ireland after signing an exclusive distribution agreement.


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