Stocks to watch on the Australian stock exchange on Tuesday, July 21:

A2M – A2 MILK – steady at 66.5 cents

FNP – FREEDOM FOOD – up five cents, or 1.6 per cent, at $3.11

Investors are weighing up A2 Milk Co’s funding needs after the board turned down a takeover offer.

AFI – AUSTRALIAN FOUNDATION INVESTMENT COMPANY – up five cents, or 0.8 per cent, at $6.30

Australian Foundation Investment Company’s profit has jumped 15.5 per cent to $293.5 million.

ANZ – ANZ BANKING GROUP – up 41 cents, or 1.3 per cent, at $32.85

CBA – COMMONWEALTH BANK OF AUSTRALIA – up 38 cents, or 0.4 per cent, at $88.36

MQG – MACQUARIE GROUP – up $1.64, or two per cent, at $85.15

NAB – NATIONAL AUSTRALIA BANK – up 10 cents, or 0.3 per cent, at $34.44

WBC – WESTPAC BANKING CORPORATION – up three cents, or 0.1 per cent, at $34.60

Australia’s biggest banks will need to hold billions of dollars in extra capital against their home loans, following a move by the banking regulator to strengthen the country’s financial system.

MJP – MARTIN JETPACK – up 4.5 cents, or 6.7 per cent, at 72 cents

Jetpack maker Martin Aircraft will display its wares to the US military in what it is describing as a major step into the lucrative North American market.

NCM – NEWCREST MINING – down $1.33, or 10.1 per cent, at $11.87

Newcrest Mining has suspended work at its Hidden Valley mine in Papua New Guinea following a worker’s death.

QAN – QANTAS AIRWAYS – up one cent, or 0.3 per cent, at $3.64

A tell-all book about Qantas’s 2011 fleet grounding has been permanently shelved after the airline and the book’s author reached an out-of-court settlement.

SHL – SONIC HEALTHCARE – down 61 cents, or 2.8 per cent, at $21.25

Sonic Healthcare has warned that its full year earnings will be up to four per cent below its guidance due to weakness in the Australian pathology market.