Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday January 21, 2013.

MAH - MACMAHON HOLDINGS - down 1.5 cents, or 5.5 per cent, at 26 cents

LEI - LEIGHTON HOLDINGS - up two cents to $19.08

Macmahon shareholders will vote on the $A23.9 million sale of the company's construction assets to Leighton Holdings on February 26 in Perth, the company said after the market closed on Friday.

PSH - PENRICE SODA HOLDINGS LTD - up two cents, or 16 per cent, at 14.5 cents

Chemicals company Penrice is to stop soda ash production in Adelaide with the loss of up to 60 jobs.

QAN - QANTAS AIRWAYS LTD - steady at $1.52

Qantas has cut its order for Boeing 787 Dreamliners for its Jetstar subsidiary as the low-cost carrier prepares for slower growth on its long-haul routes.

RIO - RIO TINTO LTD - up $1.75, or 2.7 per cent, at $66.35

Rio Tinto shares have jumped two per cent following the shock resignation of chief executive Tom Albanese after the miner was forced to make $US14 billion worth of writedowns.

SYD - SYDNEY AIRPORT - down three cents, or one per cent, at $3.05

Sydney Airport served a total of 36.9 million passengers during 2012, a record for the airport.

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