Stocks to watch on the Australian stock exchange on Wednesday, Dec 17:
CCL – COCA-COLA AMATIL – steady at $8.88
The Coca-Cola Company’s planned $US500 million investment in the Indonesian operations of subsidiary Coca-Cola Amatil is fair and reasonable, an independent expert says.
CWN – CROWN RESORTS – down 17 cents, or 1.3 per cent, at $12.63
After struggling to turn a profit with Betfair Australia, James Packer is doubling down on the online betting market through new joint venture with bookmaker Matthew Tripp.
NAB – NATIONAL AUSTRALIA BANK – up two cents, or 0.06 per cent, at $31.50
National Australia Bank is closer to a long-awaited exit from the UK after selling off more than $2 billion worth of higher risk loans.
QAN – QANTAS – up eight cents, or 3.5 per cent, at $2.35
A ceasefire in the battle over domestic airfares continues to benefit Qantas despite a drop in passenger numbers.
TLS – TELSTRA – down two cents, or 0.35 per cent, at $5.72
Telstra has paid a $102,000 penalty for misrepresenting the price of its iPhone 6 plan.
TWE – TREASURY WINE ESTATES – down 21 cents, or 4.6 per cent, at $4.40
Penfolds maker Treasury Wine Estates says its performance so far this financial year is on track and ahead of the prior year.
WPL – WOODSIDE PETROLEUM – down 93 cents, or 2.6 per cent, at $34.46
Woodside Petroleum insists its $4 billion gas and oil deal to drive future growth has come at a fair price.
