Stocks to watch on the Australian stock exchange on Friday:
AZJ – AURIZON – down two cents, or 0.4 per cent, at $4.72
Australia’s largest freight operator has received exclusive rights to develop the rail and port infrastructure for a major iron ore project in which it is a partner.
ELD – ELDERS – in a trading halt, last traded at 21 cents
The agribusiness has placed its shares in a trading halt as it prepares to announce details of a capital raising.
GPT – GPT GROUP – up two cents, or 0.5 per cent, at $3.93
The property giant plans to list its Metropolitan Office Fund, whose assets include business park offices in Sydney, Melbourne and Brisbane, on the Australian stock market later this year.
MYR – MYER – down 32 cents, or 13 per cent, to $2.15
After four years of sliding profits, Myer boss Bernie Brookes hopes 2015 will be the year the department store turns around.
SBN – SUN BIOMEDICAL – steady at 1.1 cents
The biotech plans to raise $1.8 million to fund the first stage of research into identifying genes which might help predict who could suffer from asthma.
SIP – SIGMA PHARMACEUTICALS – down four cents, or 4.8 per cent, at 79 cents
The pharmacy group has lifted its first half profit by 37.5 per cent to $22.4 million and expects recent acquisitions will help lift future earnings and sales.
TPM – TPG TELECOM – up 12 cents, or 1.9 per cent, to $6.36
The competition watchdog has cleared TPG’s plans to connect inner-city apartment buildings to its existing fibre network, a move that could offer competition to the national broadband network.
