Stocks to watch on the Australian stock exchange at close on Wednesday:
AGO - ATLAS IRON - up 8.5 cents, or 7.69 per cent, at $1.19
Pilbara iron ore miner Atlas Iron says it's close to finalising contracts for around 60 per cent of next year's production after clinching some new deals with customers thanks to strong demand.
BHP - BHP BILLITON - up 35 cents, or 0.96 per cent, at $36.80
Potash Corp is cutting more than 1,000 jobs, about 18 per cent of its workforce, because of slumping demand for potash and phosphate, two key fertiliser ingredients.
BRU - BURU ENERGY - down 3.5 cents, or 2.56 per cent, at $1.33
- Oil and gas explorer Buru Energy has engaged international water consulting and engineering firm MWH Global as it looks for gas resources in north Western Australia.
DSH - DICK SMITH HOLDINGS - flat at $2.20
Electronics retailer Dick Smith has made a positive stock market debut on a day the overall Australian bourse is down.
STO - SANTOS - up 11 cents, or 0.77 per cent, at $14.41
Santos says it expects to miss this year's production guidance and produce less oil and gas than it did last year.
WBC - WESTPAC BANKING CORPORATION - up five cents, or 0.15 per cent, at $32.35
The competition watchdog has approved Westpac's proposed $1.45 billion acquisition of some of the assets of Lloyds Banking Group.
WDC - WESTFIELD GROUP - up 42 cents, or 4.05 per cent, at $10.78
WRT - WESTFIELD RETAIL TRUST - down one cent, or 0.33 per cent, at $2.99
Shopping centre giant Westfield Group will split its Australian and New Zealand assets from its international business as it continues to pursue growth overseas.