Stocks to watch on the Australian stock exchange early on Wednesday:

FUN – FUNTASTIC LTD – steady at 15 cents

Kids toy supplier Funtastic has taken over KP Multinational Pty Ltd for almost $3 million and picked up a licence to manufacture and distribute some LEGO products as part of the deal.

GFF – GOODMAN FIELDER LTD – up 2.5 cents at 69 cents

Goodman Fielder chief executive Chris Delaney to address American Chamber of Commerce in Australia luncheon.

GNS – GUNNS LTD – last traded at 16 cents

Shares in woodchipper Gunns Ltd have been suspended from trading on the Australian Securities Exchange (ASX), at the company’s request while it negotiates a capital raising.

MQG – MACQUARIE GROUP LTD – up 42 cents at $26.67

Macquarie Group says a ratings downgrade by Fitch relates to global market issues rather than anything specific to Macquarie.