Stocks to watch on the Australian stock exchange:
AU8 – AUMAKE – up 6 cents, or 12.9 per cent, at 52.5 cents
AuMake, an Australian retailer that sells local goods aimed at the Chinese, has recouped the losses it suffered after announcing it had cancelled a capital raising after the underwriter pulled out of the transaction.
HVN – HARVEY NORMAN – up 8.5 cents, or 2 per cent, at $4.405
JBH – JB HI-FI – up $1.48, or 5.5 per cent, at $28.28
MYR – MYER – up 0.75 cents, or 1.15 per cent, at 66.25 cents
Retail stocks were buoyed by the latest official figures showing that retail spending rose 1.2 per cent in November.
NEC – NINE ENTERTAINMENT – down 0.5 cents, or 0.3 per cent, at $1.545
A major Nine Entertainment shareholder, investment firm Allan Gray, has reduced its stake in the company.
RIO – RIO TINTO – down 23 cents, or 0.3 per cent, at $79.03
Rio Tinto is set to sell its French Aluminium Dunkerque smelter to industrial and metals company Liberty House Group for $US500 million ($A700 million).
TCL – TRANSURBAN – down 10 cents, or 0.8 per cent, at $11.87
Toll road operator Transurban has reached a deal with a US state agency to extend its interstate 95 express lanes another 16 kilometres south into Fredericksburg.