Stocks to watch on the Australian stock exchange:
AYS – AMAYSIM – down 6 cents, or 3.9 per cent, at $1.465
Amaysim has swung to a $2.4 million first-half loss, from an $8.3 million profit in its previous first half.
AAD – ARDENT LEISURE – up 5.5 cents, or 2.9 per cent, at $1.94
Theme parks and entertainment centres operator Ardent Leisure has narrowed its first-half loss as attendances improve at the Dreamworld theme park on the Gold Coast, where there was a fatal accident in October 2016.
BSL – BLUESCOPE STEEL – up 35 cents, or 2.3 per cent, at $15.84
Bluescope steel is extending its existing share buy-back by another $150 million after lifting its first-half net profit by 23 per cent to $441.2 million.
QBE – QBE INSURANCE – down 35 cents, or 3.3 per cent, at $10.38
A significant impairment of goodwill and a write-down of deferred tax assets following the reduction in the US corporate tax rate has dragged insurance giant QBE to a $US1.25 billion ($A1.6 billion) full-year loss.
Z1P – ZIP CO – down 14 cents, or 11.8 per cent, at $1.045
Digital payments service Zip Co’s first-half loss has more than doubled to $14.6 million, due to staff increases, from 90 to 149, and higher funding and transactional costs.