Stocks to watch on the Australian stock exchange:

AMP – AMP LTD – down two cents, or 0.5 per cent, at $4.12

Emergency AMP chairman David Murray says investors will have to choose between anger and a steady rebuilding of the embattled financial services group when they vote on the future of three directors at this Thursday’s annual general meeting.

ANZ – ANZ BANKING GROUP – up seven cents, or 0.3 per cent, at $27.62

ANZ is aiming to clean up its financial planning with new measures that include changing incentives and firing planners who give customers inappropriate advice.

NCM – NEWCREST MINING – up 27 cents, or 1.3 per cent, at $21.82

Newcrest Mining expects its Cadia mine to return to full production before the end of June, after a breach in a tailings dam in March temporarily suspended all mining and processing activities.

ORI – ORICA – down $1.29, or 6.4 per cent, at $19.00

Shares in explosives and fertiliser maker Orica have fallen sharply after it unveiled a first-half loss of $229.3 million due to operational issues and writedowns.

REH – REECE LTD – in a trading halt, last traded at $10.75

Reece Limited is expanding into the United States after signing a $A1.9 billion deal to buy US plumbing distributor Morsco.

WBC – WESTPAC BANKING CORP – up 24 cents, or 0.8 per cent, at $29.34

Westpac has reported a six per cent lift in first-half profit to $4.25 billion, and says its mortgage book is “fundamentally sound”.

CBA – Commonwealth Bank – down five cents, or 0.1 per cent, at $72.71

Ratings agency Fitch has downgraded Commonwealth Bank’s outlook for its long-term debt default risk from stable to negative.