Stocks to watch on the Australian stock exchange on Wednesday, November 16
BHP – BHP BILLITON – down 62 cents at $36.88
South Australian Premier Jay Weatherill has backed Prime Minister Julia Gillard’s proposal to allow uranium exports to India.
Separately: Expanding Australian uranium exports to India would be good for local jobs, the Australian Worker’s Union (AWU) says.
CBA – COMMONWEALTH BANK OF AUSTRALIA – down 71 cents at $49.15
Mortgage lending increased in October, but it was too early to say if it was because of the Melbourne Cup day rate cut, Commonwealth Bank’s boss says.
CCJ – COUNTY COAL LTD – up 35 cents at 75 cents
US-focused thermal coal explorer County Coal has made a stellar debut on the Australian stock exchange.
CSS – CLEAN SEAS TUNA LTD – up 0.05 cents at 7.8 cents
Smart and persistent seals are among the challenges facing Clean Seas Tuna, the company seeking to breed southern bluefin tuna.
EHL – EMECO HOLDINGS LTD – up 2.5 cents at 100.5 cents
Emeco Holdings Ltd is due to hold its annual general meeting on Tuesday.
IRE – IRESS MARKET TECHNOLOGY LTD – up three cents at $7.88
IRESS Market Technology has launched a wealth management division in the UK, as the company seeks to build a advice platform in a market at least twice the size of Australia.
PPT – PERPETUAL LTD – down 10 cents at $20.88
Fund manager Perpetual has allocated a fifth of its resources portfolio to offshore investments as it seeks attractively priced stocks amid global volatility and uncertainty.
ORI – ORICA LTD – down 12 cents at $24.85
Chemicals firm Orica has revised down the amount of ammonia vapour that leaked from its plant near Newcastle last week.
RHC – RAMSAY HEALTH CARE LTD – down 37 cents at $19.42
Australia’s largest private hospitals operator Ramsay Health Care is on track to lift its full year earnings by up to 12 per cent.
SPT – SPOTLESS GROUP LTD – up four cents at $2.39
Industrial services company Spotless Group says it has not received any new private equity take-over proposal.
WOR – WORLEYPARSONS LTD – down 26 cents at $26.81
Engineering giant WorleyParsons has won a project management and engineering contract in Costa Rica worth over $US67 million in revenue.
