Stocks to watch on the Australian stock exchange on Wednesday April 18
BBG – BILLABONG INTERNATIONAL LTD – down one cent at $2.88
Surfwear retailer Billabong has completed a $276 million sale of almost half of its Nixon accessories brand.
CGT – CASTLEMAINE GOLDFIELDS LTD – steady at 15 cents
Singapore’s LionGold Corp is prowling for more acquisitions in the gold sector after its friendly takeover offer for Castlemaine Goldfields.
DOW – DOWNER EDI LTD – down four cents at $3.70
Downer EDI has won an $85 million contract to carry out electrical work on a new cancer research centre in Melbourne.
FMG – FORTESCUE METALS GROUP LTD – down six cents at $5.79
Fortescue Metals Group founder Andrew Forrest says the government needs to build a deeper relationship with China otherwise Australia risks losing opportunities with the Asian superpower
JHX – JAMES HARDIE INDUSTRIES SE – down 24 cents at $7.43
The head of James Hardie Industries’ United States business is leaving the building products company.
RIO – RIO TINTO LTD – down 49 cents at $64.70
Rio Tinto’s lucrative copper unit has taken a hit, booking an 18 per cent slide in first quarter output, but the mining giant’s cash-cow commodity, iron ore, once again has come to the rescue.
