Stocks to watch on the Australian stock exchange at the close on Friday:
AMP - AMP LTD - up 17 cents, or 3.15 per cent, at $5.56
Shares in wealth manager AMP have surged after it reported an improved performance in recent months.
BHP - BHP BILLITON - up 10 cents, or 0.3 per cent, at $33.74
BHP Billiton chairman Jac Nasser has made a strong sales pitch regarding the company's proposed demerger, telling shareholders in London that it would be "another step in our evolution."
CBA - COMMONWEALTH BANK - up 60 cents, or 0.8 per cent, at $78.77
The federal government has rejected calls to establish a Royal Commission into the Commonwealth Bank after 1,100 of its customers lost savings from bad or unethical advice from CBA's financial planners.
QAN - QANTAS AIRWAYS - up five cents, or 3.6 per cent, at $1.425
Qantas chief executive Alan Joyce says the troubled airline is on track to return to an underlying profit in the first half of this financial year.
RMD - RESMED - up 35 cents, or 6.5 per cent, at $5.72
A new bedside air humidifier has given sleep disorder specialist Resmed a strong start to the financial year.