Stocks to watch on the Australian stock exchange on Wednesday, May 21:
ABC – ADELAIDE BRIGHTON – up three cents, or 0.8 per cent, at $3.75
Adelaide Brighton holds its annual general meeting on Wednesday.
FMG – FORTESCUE METALS GROUP – up 17 cents, or 3.89 per cent, at $4.54
Fortescue Metals Group has increased the amount of iron ore it estimates is located at one of its projects in the Pilbara by more than 77 per cent.
TWE – TREASURY WINE ESTATES – up 73 cents, or 17.94 per cent, at $4.80
The winemaker behind brands including Penfolds is cutting jobs to help fund a new marketing drive, after knocking back a $3 billion takeover offer from a US investment firm.
