Stocks to watch on the Australian stock exchange on Wednesday:
BHP – BHP BILLITON
FMG – FORTESCUE METALS GROUP
RIO – RIO TINTO
Shares in the mining giants could enjoy a lift on Tuesday, as the price of iron ore tips above the $US50 mark, lifting $US1.82 to $US51.44.
CWN – CROWN RESORTS
The Chinese territory of Macau has posted its best monthly gambling revenue performance since October last year, boosted by an increase in tourist numbers over the Lunar New Year holiday in the world’s largest casino hub.
FXJ – FAIRFAX MEDIA
NEC – NINE ENTERTAINMENT
NWS – NEWS CORP
PRT – PRIME MEDIA
SWM – SEVEN WEST MEDIA
TEN – TEN NETWORK HOLDINGS
Australian media companies are finally free to marry as the federal government moves to abolish archaic legislation that has stifled the industry.
ORG – ORIGIN ENERGY
STO – SANTOS
Energy companies may see their shares rise with the price of oil gaining overnight, with WTI oil lifting 1.75 per cent to $US34.34. Brent crude rose 0.71 per cent, to $US36.83.
TAH – TAB CORP
The High Court is expected to release its judgment in the Tabcorp versus the state of Victoria matter, relating to Tabcorp’s appeal of an earlier decision over its $686.83 million claim.
