Stocks to watch on the Australian stock exchange at the close on Wednesday, July 22:
EGP – ECHO ENTERTAINMENT – up three cents, or 0.6 per cent, at $4.87
CWN – CROWN RESORTS – up two cents, or 0.15 per cent, at $13.39
Echo Entertainment Group has won the right to build a casino on prime riverfront land in Brisbane, while Crown’s proposal for the site was overlooked.
GPT – GPT GROUP – up four cents, or 0.9 per cent, at $4.47
Property firm GPT Group has appointed current Frasers Australand managing director Bob Johnston as its new chief executive.
OSH – OIL SEARCH – up 27 cents, or 3.9 per cent, at $7.22
Oil Search has lifted its production targets after achieving record quarterly output.
OZL – OZ MINERALS – down six cents, or 1.6 per cent, at $3.75
Oz Minerals is hunting for acquisitions following its strongest quarterly copper production result in five years.
TWE – TREASURY WINE ESTATES – up six cents, or 1.1 per cent, at $5.59
Treasury Wine Estates is selling its Asti Winery in California to E&J Gallo Winery as part of its efforts to cut costs.
WFD – WESTFIELD CORPORATION – down five cents, or 0.5 per cent, at $9.67
Westfield chairman Frank Lowy has undergone brain surgery for an injury likely sustained in his fall from the podium at the A-League soccer grand final.