Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, June 30:

ACX - ACONEX - down two cents, or 0.6 per cent, at $3.13

Shares in the cloud accounting firm have surged on news of a major deal with engineering giant John Holland.

ANN - ANSELL - down 49 cents, or two per cent, at $23.76

Condoms and protective gloves maker Ansell is launching a major cost-cutting program it expects to save the company $15 million.

CAB - CABCHARGE - down 11 cents, or 2.9 per cent, at $3.73

Cabcharge has agreed to allow other companies to process its non-cash taxi payment cards.

EHL - EMECO - down 0.2 cents, or 2.7 per cent, at 7.2 cents

Merger talks between earthmoving equipment supplier Emeco and its rival Orionstone have collapsed.

GWA - GWA GROUP - down 12 cents, or 5.1 per cent, at $2.23

More jobs are expected to go at GWA Group as the building fixtures supplier undertakes its last and final phase of restructuring.

QMS - QMS MEDIA - up six cents, or 9.2 per cent, at 71 cents

Billboard operator QMS Media has had a strong debut on the Australian share market despite a bleak trading day.

SGH - SLATER AND GORDON - down $1.26, or 25 per cent, at $3.78

Shares in law firm Slater and Gordon have plummeted another 21 per cent as investors dump the stock over problems with its accounts.

SUN - SUNCORP - down 27 cents, or two per cent, at $13.33

Suncorp's life insurance boss Geoff Summerhayes has resigned and will be replaced by the head of the Vero general insurance business in New Zealand.

TLS - TELSTRA - down 13 cents, or 2.1 per cent, at $6.07

Phone and internet bills are likely to fall after the competition watchdog recommended Telstra cut the price it charges other telcos to access its copper wire network.


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