Stocks to watch on the Australian stock exchange on Friday, August 31
BLY - BOART LONGYEAR - down 88 cents at $1.50
Almost $406 million was wiped from the market value of Boart Longyear after the company downgraded its earnings guidance and provided a negative outlook for the mining industry that it services.
FMG - FORTESCUE METALS GROUP - down six cents at $3.59
Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
HVN - HARVEY NORMAN HOLDINGS - last traded at $2.10
The retail company will report its full year results on Friday.
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