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Stocks to watch at close on Wednesday

Stocks to watch on the Australian stock exchange:

ANZ - ANZ BANKING GROUP - up $1.11, or 3.9 per cent, to $29.41

CBA - COMMONWEALTH BANK - up $2.41, or 3 per cent, to $83.81

NAB - NATIONAL AUSTRALIA BANK - up 90 cents, or 3.1 per cent, to $30.30

WBC - WESTPAC - up $1.17, or 3.8 per cent, to $31.94

The big banks will have to find billions of dollars of extra cash by 2020, but the new requirement does not look like being much of a problem for them.

CIM - CIMIC GROUP - up $2.23, or 5.8 per cent, at $41.03

Shares in the construction and contract mining giant are again higher after the company on Tuesday reported a stronger half year profit and dividend, and forecast further profit growth.

IAG - INSURANCE AUSTRALIA GROUP - up 2 cents, or 0.3 per cent, to $6.76

IAG will create an Australian division as part of its optimisation program to reduce gross operation costs by $250 million by the end of the 2019 full year.

BHP - BHP BILLITON - down 27 cents, or 1.1 per cent, to $24.83

The mining giant has met full-year production targets in its main iron ore and petroleum businesses, but fell just short in its troubled copper business because of an extended strike at a Chilean mine.

OSH - OIL SEARCH - down 13 cents, or 1.9 per cent, to $6.60

STO - SANTOS - down 2 cents, or 0.7 per cent, to $3.02

WPL - WOODSIDE PETROLEUM - up 16 cents, or 0.5 per cent, to $29.73

Oil prices rose slightly overnight as Saudi Arabia's crude oil exports fell and solid demand soaked up some of what is seen as an oversupplied market.

WLD - WELLARD - down 2 cents, or 13.8 per cent, at 13.5 cents

The cattle exporter's shares continue to plunge in value after it said on Tuesday it expects to post an annual pre-tax loss of between $55 million and $65 million as high prices for local cattle weigh on demand from Asia.