Stocks to watch at noon on Wednesday

Reported by AAP
Wednesday, April 29, 2015
Topics in this article:
Insurance Australia,National Australia Bank,Sims Metal Management,Wesfarmers
Australia's richest and poorest postcodesOne pocket of Sydney's eastern suburbs earn close to nine times more than those who live in the country's poorest area.

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

AZJ - AURIZON - up 2.5 cents, or 0.51 per cent, at $4.905

Australia's largest rail freight operator Aurizon has stood down some workers because of last week's NSW storms has closed some rail lines.

IAG - INSURANCE AUSTRALIA GROUP - down 20.5 cents, or 3.4 per cent, at $5.685

Insurance Australia Group has lowered its full year profit guidance after taking a $250 million hit from recent storms in New South Wales.

NAB - NATIONAL AUSTRALIA BANK - down 63.0 cents, or 1.64 per cent, at $37.75

National Australia Bank will sell 18 million shares in its US subsidiary Great Western Bancorp, reducing its stake to just over a third.

REC - RECALL HOLDINGS - up 5.0 cents, or 0.66 per cent, at $7.67

Recall Holdings has recommended shareholders accept a $2.7 billion takeover offer that would bring the data management's short tenure as a stand-alone company to an end.

SGM - SIMS METAL MANAGEMENT - down 80.0 cents, or 6.93 per cent, at $10.75

Sims Metal has forecast flat sales for the second half of the financial year as the world's biggest scrap metal recycler battles a steep sales slide.

SWM - SEVEN WEST MEDIA - in a trading halt, last traded at $1.36

Shares in Seven West Media have been placed in a trading halt ahead of the announcement of a proposed capital raising.

SXY - SENEX ENERGY - down 3.5 cents, or 7.61 per cent, at 42.5 cents

Central Australian-based Senex Energy has further cut spending in response to weak oil prices as sales revenue fell during the March quarter.

WES - WESFARMERS - down 5.0 cents, or 0.12 per cent, at $43.10

Supermarket giant Coles lifted its third quarter sales 5.4 per cent to $7.1 billion, with comparable food and liquor sales up 3.8 per cent.

30/06/2015 22:40Sydney, Australia. 30 June,2015