Stocks to watch at close on Friday

Reported by AAP
Friday, January 23, 2015
Topics in this article:
Resmed Inc,Santos,Wesfarmers,Kathmandu Holdings Limited,The Reject Shop Limited
Australian luxury supercars turn headsLocally designed and built GM concept cars have wowed car enthusiasts at the 2015 Detroit Auto Show.

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

ARI - ARRIUM - down two cents, or 8.9 per cent, at 20.5 cents

Nearly 600 jobs will be axed as a result of Arrium's decision to close one of its two South Australian mines due to falling iron ore prices, a move that will incur more than $1.3 billion in writedowns.

KMD - KATHMANDU - down one cent, or 0.5 per cent, at $1.855

Outdoor clothing retailer Kathmandu has appointed Xavier Simonet as its new chief executive who will relocate from London to Melbourne to take up the role.

RMD - RESMED - up 42 cents, or 5.7 per cent, at $7.80

New product launches have helped sleep disorder specialist ResMed lift its half-year net profit by more than four per cent.

STO - SANTOS - up 38 cents, or 5.1 per cent, at $7.80

Energy company Santos has foreshadowed potential writedowns following a steep slump in oil prices.

TRS - THE REJECT SHOP - down two cents, or 0.3 per cent, at $5.99

Improved sales for The Reject Shop in the lead up to Christmas have failed to offset a tough period in prior months, leading to a 25 per cent drop in half year profit.

WES - WESFARMERS - down 45 cents, or one per cent, at $43.15

The man credited with masterminding the turnaround of Coles is off to the US to head up retail giant Bi-Lo.

29/01/2015 19:18Sydney, Australia. 29 January,2015