Stocks to watch on Friday

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

AGL - AGL ENERGY - down nine cents, or 0.6 per cent, at $14.98

Electricity giant AGL will close its coal fired power stations by 2050 under a new greenhouse gas policy.

PSA - PETSEC - down 0.5 cents, or 4.6 per cent, at 10.5 cents

Oil and gas producer Petsec Energy has struck a deal with Oil Search to take over the operation of an exploration area in Yemen.

RIO - RIO TINTO - down 78 cents, or 1.4 per cent, at $55.09

BHP - BHP BILLITON - down 26 cents, or 0.9 per cent, at $29.97

FMG - FORTESCUE METALS - down 8.5 cents, or 4.4 per cent, at $1.87

Rio Tinto has defended increasing iron ore production even as prices plunge, arguing that being a low cost miner allows it to thrive in the face of continued market volatility which is causing smaller players "significant distress".

STO - SANTOS - up three cents, or 0.4 per cent, at $7.96

Oil and gas producer Santos has suffered a steep fall in quarterly sales revenue because of falling oil prices.

SYD - SYDNEY AIRPORT - down three cents, or 0.6 per cent, at $5.37

Trevor Gerber will replace Max Moore-Wilton as the chairman of Sydney Airport in May.

TLS - TELSTRA - down nine cents, or 1.4 per cent, at $6.14

Pay TV company Foxtel's chairman Robert Nason is stepping down from a leadership role at Telstra.

TWE - TREASURY WINE ESTATES - down five cents, or 0.9 per cent, at $5.64

The maker of Penfolds has refinanced $300 million in debt to extend the length of its loan.

WHC - WHITEHAVEN COAL - up one cent, or 0.7 per cent, at $1.55

Whitehaven Coal has increased its full year production target to 7.2 million tonnes, up from 7.0 million tonnes after a boost in March quarter production.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.77840.000.00%
    AUDUSD=X
    0.52080.000.00%
    AUDGBP=X
    0.72030.000.00%
    AUDEUR=X