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Stocks to watch on the Australian stock exchange:

AU8 – AUMAKE – down 4 cents, or 7.5 cents, at 49 cents

AuMake, an Australian retailer that sells local goods aimed at the Chinese, has cancelled its capital raising, sending its share price down more than seven per cent to 49 cents at one point in early trade.

MDC – MEDLAB CLINICAL – up 16 cents, or 19.7 per cent, at 99.5 cents

Shares in Medlab Clinical have soared almost 23 per cent after the medical life science company said it is now licensed to sell and supply medical marijuana in Australia.

QBE – QBE INSURANCE GROUP – up 0.5 cents, or 0.05 per cent, at $10.535

Insurance giant QBE names Vivek Bhatia as chief executive of its, Australian and New Zealand operations.

YPB – YPB GROUP – trading suspended, last traded at 6.1 cents

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