Stocks to watch on the Australian stock exchange on Wednesday, November 28
BKW – BRICKWORKS LTD – up eight cents at $11.29
Bricks and masonry maker Brickworks says its earnings have stabilised in recent months but the timing of a recovery in the housing sector remains unknown.
CSL – CSL LTD – up $3.23 at $50.01
CSL shares have risen above the $50-mark for the first time after the blood products and vaccine supplier lifted its full-year profit guidance.
FMG – FORTESCUE METALS GROUP LTD – up five cents at $3.85
Iron ore miner Fortescue Metals has sought to reassure shareholders that the economic credentials of its biggest customer, China, remain sound following the country’s recent leadership transition.
HVN – HARVEY NORMAN HOLDINGS LTD – down 1.5 cents at $1.83
QAN – QANTAS AIRWAYS LTD – up three cents at $1.34
Gerry Harvey says he’s just a passive investor in Qantas, despite reports he and wife Katie Paige are part of a group pushing for strategic change at the airline.
NUF – NUFARM LTD – down two cents at $5.70
Agricultural chemicals supplier Nufarm’s payment to settle a class action mounted by some of its shareholders has been increased to $46.6 million.
REX – REGIONAL EXPRESS HOLDINGS LTD – down 5.5 cents at $1.11
Regional airline Rex has cut its full year profit guidance because it says is federal government measures such as the carbon tax are hurting the economy.
TTS – TATTS GROUP LTD – up eight cents at $2.91
Gaming firm Tatts has secured the right to operate South Australia’s lottery and Keno services for the next 40 years.
WPL – WOODSIDE PETROLEUM LTD – down 14 cents at $33.68
Australia should focus on turning Perth into a global energy technology hub, The head of oil and gas producer Woodside says.