Stocks to watch on the Australian stock exchange on Wednesday, July 16:

OZL – OZ MINERALS – down one cent, or 0.23 per cent, to $4.30

Oz Minerals lifted its full year copper production target but warned its gold output may be at the bottom of its forecast range.

SPN – SP AUSNET – down 1.5 cents, or 1.1 per cent, to $1.35

Survivors of Victoria’s Black Saturday bushfires will receive nearly $500 million in the largest class action settlement in Australian history.

WES – WESFARMERS – up three cents, or 0.07 per cent, to $43.13

Wesfarmers’ supermarket chain Coles is taking on the big four banks by offering customers loans and other personal finance products at the same time as they buy their groceries.

WHC – WHITEHAVEN COAL – up 7.5 cents, or 5.08 per cent, to $1.55

The NSW miner pleased investors with news it had sold 22 per cent more coal in 2013/14 than the previous year and reached record production levels.