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Stocks to watch early on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Aug 7:

AGG - ANGLOGOLD ASHANTI - up 3.0 cents at $2.74

The world's third largest gold producer AngloGold Ashanti will bring its West Australian mine into production ahead of schedule despite pushing ahead with an overall plan to cut costs by $US500 million.

COH - COCHLEAR - up 85 cents at $60.00

Hearing implant maker Cochlear says the success of the rollout of its Nucleus 6 device will be important for the company's financial results in the 2014 financial year.

DOW - DOWNER EDI - down 2.0 cents at $3.89

Engineering company Downer EDI has recorded an 80 per cent increase in net profit but warns the next 12 months will be challenging.

FMG - FORTESCUE METALS GROUP - up 8.0 cents at $3.93

Mining giant Fortescue has dished out more than $1 billion in contracts to Aboriginal businesses since 2011.

LEI - LEIGHTON HOLDINGS - down 37 cents at $16.96

Leighton Holdings has finalised a contract with the Western Australian government to improve the road network around Perth Airport.