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Stocks to watch

Stocks of interest at the close of trading on Tuesday, November 5.

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WBC - WESTPAC - down 71 cents, or 2.6 per cent, to $27.17

Shares in Australia's second largest lender returned to trade following the bank's $2 billion share placement and first dividend cut in a decade.

Westpac also announced a $500 million share purchase plan as part of a total $2.5 billion capital raising to help the bank fulfil its regulatory capital requirements and cover the cost of future litigation related to customer remediation issues.

ALC - ALCIDION GROUP - up 3.5 cents, or 17.1 per cent, to 24 cents

The health care technology company has raised $16.2 million via an oversubscribed institutional placement at 18 cents per new share.

The funds will be used to strengthen its Miya Precision patient tracking system and grow market adoption in its key markets of the United Kingdom, Australia and New Zealand.

COE - COOPER ENERGY - flat at 57.5 cents

BPT - BEACH ENERGY - up three cents, or 1.3 per cent, to $2.43

The joint venture partners have released the Ensign 931 rig from the Dowbey-1DW1 onshore exploration gas well near Coonawarra, South Australia.

The well found a 44.5 metre gas column in October and the companies are waiting tests to confirm the size of the resource and its potential for development.

AVZ - AVZ MINERALS - down 0.2 cents, or 4.2 per cent, to 4.6 cents

Consultations have begun with local chiefs and dignitaries in the Congo as AVZ Minerals' majority-owned Dathcom Mining SA joint venture works to obtain a mining permit for its proposed Manono lithium and tin open-pit mine.

GNG - GR ENGINEERING SERVICES - up one cent, or 1.3 per cent, to 76 cents

SAR - SARACEN MINERAL HOLDINGS - down 13 cents, or 3.4 per cent, to $3.71

Saracen has signed a $24.5 million contract with GR Engineering to upgrade and expand its mineral processing plant at its Carosue Dam Gold Mine 120km northeast of Kalgoorlie, WA.

SDA - SPEEDCAST INTERNATIONAL - down 6.5 cents, or 6.5 per cent, to 93 cents

S&P Global has lowered Speedcast's credit rating to B- from B.

Speedcast said it doesn't have rating covenants in its debt facilities and it is working on initiatives to improve its financial position.

CLW - CHARTER HALL LONG WALE REIT - down 3.7 cents, or 0.65 per cent, to $5.68

The REIT has completed a $207 million institutional placement at $5.50 per security, with a $35 million retail entitlement offer set to open on Friday.

The funds will be used to partially fund a 15 per cent stake in the global headquarters of Telstra in Melbourne; a half-interest in the Glasshouse office building in Macquarie Park, Sydney; and a 100 per cent interest in a flagship Bunnings store in Darwin.