Stocks to watch on the Australian stock exchange on Wednesday, Nov 12:

APO – APN OUTDOOR – up 10 cents, or 3.9 per cent, at $2.65

Billboard advertiser APN Outdoor has enjoyed a positive first session on the share market.

IPL – INCITEC PIVOT – up 16 cents, or 5.5 per cent, at $3.08

Incitec Pivot has struck a deal to buy cheap natural gas to head off a supply crunch, and posted a 33 per cent fall in full year net profit.

REC – RECALL HOLDINGS – down 11 cents, or 1.8 per cent, at $5.93

Data management specialist Recall Holdings is considering listing in the US as a property trust.