Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, March 4

LEI - LEIGHTON HOLDINGS LTD - down 65 cents at $22.96

Leighton Holdings has sold a major office tower development in Melbourne to two property groups for $462 million.

MTS - METCASH LTD - up five cents at $4.13

MYR - MYER HOLDINGS LTD - up four cents at $2.83

Incoming Metcash chief executive Ian Morrice has resigned from his position on the board of department store retailer Myer.

PSH - PENRICE SODA HOLDINGS LTD - down 0.5 cents at 9.5 cents

The first words on Penrice Soda's website boasts that the company is Australia's only manufacturer of soda ash, but its decision to exit this activity might just save it.

SIR - SIRIUS RESOURCES LTD - up 79 cents at $2.85

Shares in Sirius Resources have spiked by 38 per cent after the minerals explorer announced a nickel discovery in Western Australia.

TEN - TEN NETWORKING HOLDINGS LTD - up three cents at 36 cents

Media mogul Kerry Stokes' purchase of Ten Network Holdings shares is more likely a shrewd investment than the first step in anything more elaborate, an analyst says.

VAH - VIRGIN AUSTRALIA HOLDINGS LTD - down 0.5 cents at 41 cents

Virgin Australia takeover target Skywest predicts an improved financial performance in the second half due to new charter contracts with mining heavyweights BHP and Rio

WHC - WHITEHAVEN COAL LTD - down 12 cents at $2.68

One-time billionaire Nathan Tinkler's wealth has taken a new battering after shares in his main investment Whitehaven Coal hit near four-year lows.