Stocks to watch on the Australian stock exchange:
CZZ – CAPILANO – up 22 cents, or 1.2 per cent, at $17.94
Rising demand for honey in China and a growing local health market are the best opportunities for Australia’s biggest honey producer, Capilano, to grow, a new analyst report says.
IAG – INSURANCE AUSTRALIA GROUP – up 2.0 cents, or 0.3 per cent, at $7.16
Insurance giant IAG has signed a reinsurance deal with three European businesses to share a portion of its premiums and expenses from next year.
WBC – WESTPAC – up 19 cents, or 0.6 per cent, at $31.57
Westpac chairman Lindsay Maxsted says criticism of the Australian banking sector is “warranted” but hopes a royal commission into alleged misconduct will restore trust and confidence.