Stocks to watch on the Australian securities exchange:
GFY – GODFREYS – down 0.5 cents or 1.6 per cent, at 31.5 cents
Shares in vacuum cleaner retailer Godfreys are still losing ground after they fell 17 per cent on Thursday, as the company announced that its underlying earnings in the first half of the financial year were down more than 40 per cent from a year earlier.
JHX – JAMES HARDIE INDUSTRIES – up $1.50, or 6.8 per cent, at $23.65
James Hardie shares have soared to an all-time high after the building products group improved its profit guidance and lifted earnings margins in its key US market.
ORG – ORIGIN ENERGY – up 21 cents, or 2.2 per cent, at $9.60
OSH – OIL SEARCH – up 22 cents, or 2.9 per cent, at $7.87
STO – SANTOS – up 22 cents, or 4.3 per cent, at $5.37
WPL – WOODSIDE PETROLEUM – up 69 cents, or 2.1 per cent, at $34.24
Energy stocks are up after oil prices rose following a survey which showed OPEC’s commitment to its supply cuts remains in place.
TLS – TELSTRA CORP – up 3 cents, or 0.8 per cent, at $3.67
Telstra will take a $273 million hit in its first-half results after writing down the value of US streaming business Ooyala to zero.