Stocks to watch at close on Wednesday

Reported by AAP
Wednesday, May 15, 2013
Topics in this article:
Bhp Billiton,Commonwealth Bank Of Australia.,Csr,Dexus Property,Fairfax Media,Rio Tinto,Singapore Telecommunications.

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

BHP - BHP BILLITON LTD - down 64 cents at $34.03

BHP Billiton's new chief executive Andrew Mackenzie has outlined plans to slash capital spending by almost a fifth.

CBA - COMMONWEALTH BANK OF AUSTRALIA - up 56 cents at $72.65

Commonwealth Bank of Australia has lifted its third quarter profit by 12 per cent to $1.9 billion.

CSR - CSR LTD - down 1.5 cents at $1.95

Building products group CSR has put on a brave face after posting a $147 million loss, saying it believes Australia's housing market is recovering.

DXS - DEXUS PROPERTY GROUP - down one cent at $1.19

Dexus Property Group has sold five of its six remaining European industrial properties for a total of 16.5 million euros ($A21.72 million).

FXJ - FAIRFAX MEDIA LTD - up 0.5 cents at 66.5 cents

Politicians need to adapt to the 24-hour news cycle and could be better off not talking to the media, Fairfax chief executive Greg Hywood says.

RIO - RIO TINTO LTD - down $1.78 at $55.77

Federal Environment Minister Tony Burke has approved Rio Tinto Alcan's South of Embley bauxite mine and port development project in western Cape York.

SGT - SINGAPORE TELECOMMUNICATIONS LTD - up seven cents at $3.26

Australia's second-biggest telco, Optus, has suffered a 7.5 per cent slump in net profit for the year to March 31.

UGL - UGL LTD - down $1.63 at $7.94

Engineering firm UGL has blamed a slowdown in resources and infrastructure investment for a big downgrade in its profit guidance.

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20/05/2013 02:45Sydney, Australia. 20 May,2013
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