Australia Markets closed

Stocks to watch at close on Thursday

Stocks to watch on the Australian stock exchange at close on Thursday:

ANZ - ANZ BANKING GROUP - in a trading halt at $32.58

CBA - COMMONWEALTH BANK - down $2.82, or 3.2 per cent, at $84.55

NAB - NATIONAL AUSTRALIA BANK - down 75 cents, or 2.2 per cent, at $33.59

WBC - WESTPAC - down $1.05, or three per cent, at $33.44

A weaker than expected profit from ANZ and its $3 billion capital raising have sparked a massive selloff of shares in the big four banks.

DOW - DOWNER EDI - down 52 cents, or 11.35 per cent, at $4.06

Engineering group Downer EDI is warning of further hits to come as belt tightening in the mining sector contributed to a three per cent fall in annual profit.

KMD - KATHMANDU - up 13.5 cents, or 8.9 per cent, at $1.645

Kathmandu has left the door open for a higher takeover offer after rejecting Kiwi retailer Briscoe's bid of at least $AUD318 million.

SGH - SLATER AND GORDON - down 10 cents, or 3.1 per cent, at $3.17

Shares in Slater and Gordon have retraced much of their lost ground after they plunged amid mounting concerns over the law firm's UK business.