Stocks to watch at noon on Wednesday

Stocks of interest on the Australian Securities Exchange at noon on Wednesday

Stocks to watch on the Australian stock exchange at noon on Wednesday:

AGK - AGL ENERGY - up 26 cents, or 1.71 per cent, at $15.43

The NSW government has agreed to sell Macquarie Generation's two power plants to AGL Energy, conditional on Australia's competition watchdog not opposing the outcome.

APN - APN NEWS & MEDIA - up 0.5 cents, or 1.16 per cent, at 43.5 cents

APN News & Media, the Australian publisher of the New Zealand Herald newspaper, has agreed to sell its unprofitable brandsExclusive online shopping site, having slashed the value of goodwill on a business acquired in 2012.

BLD - BORAL - up 43.5 cents, or 8.7 per cent, at $5.435

Construction group Boral has enjoyed improved first half earnings in all four of its divisions in lifting underlying profit to more than $90 million but predicts a weaker second half.

CBA - COMMONWEALTH BANK OF AUSTRALIA - down 26 cents, or 0.34 per cent, at $75.66

Commonwealth Bank has increased its half yearly profit by 14 per cent to $4.27 billion, but its chief is still warning of volatile global and domestic markets.

SEPARATELY: ASB Bank has driven growth in first-half earnings for Commonwealth Bank of Australia's New Zealand businesses.

CPU - COMPUTERSHARE - up 42.5 cents, or 3.83 per cent, at $11.515

Shareholder services company Computershare has recorded a 47.4 per cent rise in its half year year net profit as it reduced costs by finding more operational efficiencies.

CRZ - CARSALES.COM - up 27 cents, or 2.88 per cent, at $9.65

Shares in online classifieds business Carsales.com have jumped after the company lifted its first half profit 17 per cent.

CSL - CSL - down $2.23, or 3.19 per cent, at $67.63

Blood products and vaccines maker CSL has lifted its first half profit 3.4 per cent after solid sales growth offset costs relating to a US lawsuit.

DMP - DOMINO'S PIZZA - up 90 cents, or 5.25 per cent, at $18.03

Pizza company Domino's has delivered a 28.2 per cent rise in first-half profit, due largely to a successful entry into the Japanese fast food market.

DXS - DEXUS PROPERTY GROUP - up 0.75 cents, or 0.73 per cent, at $1.0325

Dexus Property Group has notched up a 3.8 per cent rise in its half year net profit to $277.2 million.

FGE - FORGE GROUP - last traded at 91.5 cents

Mining services company Forge Group has been placed into voluntary administration after its financiers withdrew their support.

GFF - GOODMAN FIELDER - down 4.5 cents, or 6.62 per cent, at 63.5 cents

Shares in food producer Goodman Fielder have dropped almost seven per cent after the company unveiled a $65 million first half loss.

NBL - NONI B - up 2.5 cents, or 4.13 per cent, at 63 cents

Fashion retailer Noni B plans to close seven stores in the next few months after poor sales resulted in a three per cent slide in its first half profit.

OZL - OZ MINERALS - up 37 cents, or 10.88 per cent, at $3.77

OZ Minerals shares have jumped almost more than 11 per cent after the gold and copper miner announced a loss of nearly $300 million and the departure of its chief executive Terry Burgess.

PRY - PRIMARY HEALTH CARE - down 18.5 cents, or 3.75 per cent, at $4.745

Primary Health Care has boosted net profit in the first half of the year by 8.6 per cent to $75.5 million.

SGH - SLATER & GORDON - up 14 cents, or 3.32 per cent, at $4.35

Law firm Slater & Gordon has increased its half yearly profit by 21 per cent as it expands into the United Kingdom.

SGP - STOCKLAND - up 8.00 cents, or 2.15 per cent, at $3.80

Property group Stockland has swung back into the black with a $298 million first half net profit.


4 min read

Published

Updated

Source: AAP


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