Stocks of interest at the close of trading on Thursday, January 22.
CBA - COMMONWEALTH BANK - up seven cents, or 0.1 per cent, to $84.52
CBA confirmed that a class action lawsuit has been brought against CBA's subsidiary Colonial First State Investments over alleged excessive insurance premiums.
Shine Lawyers alleges that Colonial took out group insurance policies with the bank's then-insurance arm, Comminsure Life, despite their being better products on the markets.
WBC - WESTPAC - down six cents, or 0.2 per cent, to $25.08
Australia's oldest company has named "battle-hardened" banking veteran John McFarlane as its next chairman to help it recover from the fallout of a massive money laundering and child exploitation scandal.
CIM - CIMIC GROUP - down $6.95, or $19.9 per cent, to $28.03
The international contractor says it will exit the Middle East and will take a $1.8 billion hit in relation to its 45 per cent stake in BIC Contracting (BICC).
CIMIC said there was an "accelerated deterioration of local market conditions" in the Middle East and it was trying to sell its stake in BICC.
CIMIC said it wouldn't declare a final dividend.
DOW - DOWNER EDI - down $1.58, or 18.1 per cent, to $7.17
The integrated services company cut its profit forecast by 18 per cent to $300 million, as it became clear that its loss-making construction contracts would cost the company even more than expected.