Stocks to watch on the Australian stock exchange on Wednesday, May 28:

ALL – ARISTOCRAT LEISURE – up two cents, or 0.4 per cent, at $5.17

Aristocrat Leisure releases its half year results on Wednesday.

ILU – ILUKA RESOURCES – down two cents, or 0.2 per cent, at $8.56

Iluka holds its annual general meeting in Perth on Wednesday.

PRG – PROGRAMMED MAINTENANCE SERVICES – steady at $2.79

Programmed releases its full year results on Wednesday.

RIO – RIO TINTO LTD – up 26 cents, or 0.43 per cent, at $61.21

Rio Tinto has struck a deal with Guinea’s government to push ahead with plans to develop a $US20 billion iron ore project.

SUN – SUNCORP LTD – down 27 cents, or two per cent, at $13.42

Australian insurer Suncorp Group has flagged $500 million in write-downs in its life insurance business.

WES – WESFARMERS – down three cents, or 0.07 per cent, at $43.52

Wesfarmers holds a strategy briefing day for investors on Wednesday.