Stocks to watch on the Australian stock exchange:
APT – AFTERPAY TOUCH – up $1.10, or 16.9 per cent, to $7.62
Afterpay Touch shares are at a record high after the-buy-now-pay later service revealed its underlying annual sales are on track to reach more than $2 billion and flagged a potential foray into the US.
BAL – BELLAMY’S – up $2.72, or 24.8 per cent, at $13.68
Shares in Bellamy’s Australia jumped 24.8 per cent after the infant formula maker upgraded its full-year revenue and profit forecasts.
MIR – MIRRABOOKA INVESTMENTS – up four cents, or 1.5 per cent, to $2.78
Listed investment operation Mirrabooka has lifted its half year profit to $5.5 million for the six months to December 31, compared with $3.9 million over the previous corresponding period.
RIO – RIO TINTO – down 54 cents, or 0.7 per cent, at $81.26
Rio Tinto has maintained its target for iron ore shipments in 2018 after hitting the lower end of its full-year guidance in 2017.