Stocks to watch on the Australian stock exchange at noon on Monday:
AFJ - AFFINITY EDUCATION - down 2.00 cents, or 2.86 per cent, at 68 cents
GEM - G8 EDUCATION - down 12.00 cents, or 3.77 per cent, at $3.06
Childcare operator G8 Education and rival Affinity Education were in merger talks before G8 launched a surprised takeover bid.
AGL - AGL ENERGY - down 36.00 cents, or 2.28 per cent, at $15.46
Energy giant AGL will take another $600 million hit in writedowns as it overhauls its gas business and casts off non-core projects.
NCL - NETCCENTRIC - up 5.50 cents, or 27.5 per cent, at 25.5 cents
Shares in digital media and technology firm Netccentric have made a strong start in their first day of trading on the Australian share market.