Stocks of interest on the Australian Securities Exchange on Wednesday:
ABC – ADELAIDE BRIGHTON – up three cents, or 0.66 per cent, at $4.58
Construction materials group, Adelaide Brighton holds its annual general meeting on Wednesday.
AGL – AGL ENERGY – up 99 cents, or 6.4 per cent, at $16.47
Energy provider AGL has unveiled plans to sell off more than $1 billion worth of assets and cut costs by $200 million within two years, sending its share price to its highest level in eight years.
ALL – ARISTOCRAT LEISURE – up 51 cents, or 6.5 per cent, at $8.38
A major acquisition in the US and the growing popularity of mobile gaming have boosted poker machine supplier Aristocrat Leisure’s half year profit.
FMG – FORTESCUE METALS GROUP – up 23 cents, or 10.6 per cent, at $2.40
Fortescue Metals Group shares have surged on speculation two major Chinese companies are considering investments in the iron ore miner, and higher iron ore prices.
OFX – OZFOREX – down 28 cents, or 10.5 per cent, at $2.38
OzForex shares dropped sharply despite the currency trader announcing a 52 per cent increase in full year profit.
PRG – PROGRAMMED MAINTENANCE SERVICES – up four cents, or 1.6 per cent, at $2.55
Recruitment, property management and engineering service company, Programmed Maintenance Services releases its full year earnings on Wednesday.
TGA – THORN GROUP – up four cents, or 1.4 per cent, at $2.90
The owner of Radio Rentals, Thorn Group, releases its full year results.
UGL – UGL – up three cents, or 1.3 per cent, at $2.34
UGL has snared a $190 million joint venture contract to maintain BP’s 17 fuel terminals across Australia.
