Stocks to watch on the Australian stock exchange at close on Friday:
AMP – AMP – steady at $5.10
ANZ – ANZ – down 28 cents at $27.75
CBA – COMMONWEALTH BANK – down $1.17 at $66.93
WBC – WESTPAC – down 54 cents at $30.25
NAB – NATIONAL AUSTRALIA BANK – down 43 cents at $30.57
The federal government has announced a raft of superannuation changes, including a tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent.
DJS – DAVID JONES – down nine cents at $2.91
MYR – MYER HOLDINGS – up five cents at $2.97
Australian shoppers are expected to buy fewer clothes from local retailers in 2013 before starting to splash their cash next year.
MGR – MIRVAC GROUP – down two cents at $1.61
Property developer Mirvac says its finance director Greg Dyer will stand down after only eight months in the job.
TLS – TELSTRA LTD – down one cent at $4.53
Workers from Telstra’s Sensis division have walked off the job and marched through central Melbourne to protest mass job cuts.