Stocks to watch on the Australian stock exchange:
TLS – TELSTRA CORPORATION – down 4 cents, or 1.5 per cent, to $2.68
Telstra shares have continued to slide following the telco’s announcement on Wednesday of a new strategy that includes 8,000 job cuts.
ANZ – ANZ BANK – up 80 cents, or 2.9 per cent, to $28.65.
ANZ led gains the the banking sector on Friday after announcing it will increase the size of its share buyback program from $1.5 billion to $3 billion.
GFY – GODFREYS GROUP – steady at 33.5 cents
Godfreys founder John Johnston has succeeded in his bid to take over the vacuum cleaner retailer after securing a more than 91 per cent stake in the group.