Stocks to watch on Friday

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Stocks of interest on the Australian Securities Exchange on Friday:

AGI – AINSWORTH GAME TECHNOLOGY – down 21 cents, or 6.95 per cent, at $2.82

Delays to government approvals for new poker machines have sparked a profit warning from developer Ainsworth Game Technology.

MTS – METCASH – down 24.5 cents, or 17.7 per cent, at $1.14

Grocery retailer Metcash has flagged a $640 million hit to its profit and will stop paying dividends as tough competition heaps pressure on its IGA supermarkets brand.

MYR – MYER – down four cents, or 2.8 per cent, at $1.40

HVN – HARVEY NORMAN – up 10 cents, or 2.3 per cent, at $4.50

JBH – JB HI-FI – down six cents, or 0.3 per cent, at $20.70

Retail spending in April was flat from the previous month, the weakest reading since February 2014, with department store spending down, household goods flat, and clothing and accessory spending up.

QUB – QUBE – down 21 cents, or 7.6 per cent, at $2.56

Shares in logistics and infrastructure company Qube have hit a seven month low as it warned tough trading conditions are unlikely to improve in the next 12 months.

WPL – WOODSIDE PETROLEUM – down 49 cents, or 1.4 per cent, at $35.18

Woodside Petroleum says the oil and gas industry shouldn’t be afraid of extra supply coming into the market because it could replace dirty coal.