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.