Stocks to watch on the Australian stock exchange on Wednesday, April 29:
AZJ – AURIZON – down 12.0 cents, or 2.4 per cent, at $4.88
Australia’s largest rail freight operator Aurizon has struck an 11-year performance based contract to haul coal for a Chinese-owned miner.
BKL – BLACKMORES – up 20.0 cents, or 0.34 per cent, at $59.65
Vitamin maker Blackmores is forecasting a record annual profit after posting a strong earning result for the first nine months of this financial year.
BPT – BEACH ENERGY – down 3.5 cents, or 2.94 per cent, at $1.155
Beach Energy’s sales revenue has plummeted 43 per cent in an environment of tumbling oil prices.
FMG – FORTESCUE METALS GROUP – down 12 cents, or 4.67 per cent, at $2.45
BCI – IRON – down three cents, or 5.66 per cent, at 50 cents
MGX – MOUNT GIBSON IRON – steady at 21 cents
The iron ore price is surging towards $US60 a tonne in a dramatic turnaround from the decade lows it has hit.
VAH – VIRGIN AUSTRALIA HOLDINGS – steady at 52.5 cents
Airline Virgin Australia has announced former Deutsche Asset Management Australia chief executive Elizabeth Bryan as its new chairman.
