Stocks to watch on Wednesday

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Stocks to watch on the Australian stock exchange at the close on Thursday, July 23:

BCI – BCI IRON – up one cent, or 3.5 per cent, at 29.5 cents

BC Iron releases its fourth quarter production report on Thursday.

BHP – BHP BILLITON – down 55 cents, or 2.05 per cent, at $26.27

Mining giant BHP Billiton predicts a fall in petroleum production next year after racking up $3 billion in writedowns.

BLD – BORAL – up nine cents, or 1.4 per cent, at $6.45

A booming property market is expected to help boost building products maker Boral’s underlying annual profit by up to 46 per cent.

CIM – CIMIC GROUP – down 24 cents, or one per cent, at $23.36

The construction giant formerly known as Leighton Holdings releases its half year results on Thursday.

FMG – FORTESCUE METALS GROUP – up one cent, or 0.6 per cent, at $1.75

The iron ore miner releases its fourth quarter production report on Thursday.

MQG – MACQUARIE GROUP – down $1.13, or 1.3 per cent, at $84.46

Macquarie holds its annual general meeting on Thursday.

NCM – NEWCREST – down 16 cents, or 1.4 per cent, at $11.53

The gold miner releases its fourth quarter production report on Thursday.

NRT – NOVOGEN – down 2.5 cents, or 10.6 per cent, at 21 cents

Pharmaceuticals company Novogen has lost a pioneer in anti-cancer drug development with the sudden resignation of its chief executive and founder Dr Graham Kelly.

S32 – SOUTH32 – down four cents, or 2.2 per cent, at $1.785

BHP Billiton spin-off South32 will take a writedown of $US1.9 billion on its manganese and coal businesses after suspending capacity at its South African smelter.

TAH – TABCORP – down 21 cents, or 4.2 per cent, at $4.77

Wagering and keno operator Tabcorp is facing legal action over allegations it has failed to comply with anti-money laundering and counter-terrorism financing laws.