Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, March 5:

API - AUSTRALIAN PHARMACEUTICAL INDUSTRIES - up 3.5 cents, or 2.82 per cent, at $1.275

Australian Pharmaceutical Industries is forecasting a profit increase on the back of strong sales at its Priceline and Priceline Pharmacy outlets over January and February.

FXL - FLEXIGROUP - up 15 cents, or 4.29 per cent, at $3.65

SPK - SPARK NEW ZEALAND GROUP - down two cents, or 0.63 per cent, at $3.16

Australian finance group FlexiGroup will become New Zealand's biggest IT leasing company, after snapping up Telecom Rentals.

IAG - INSURANCE AUSTRALIA GROUP - up four cents, or 0.69 per cent, at $5.80

Insurance Australia Group is facing claims of up to $90 million as a result of devastation caused by Cyclone Marcia in Queensland.

MQG - MACQUARIE GROUP - in trading halt, last traded at $73.52

Macquarie Group wants to raise $500 million to help fund its $4 billion acquisition of the AWAS aircraft operating lease portfolio.

NRT - NOVOGEN - up five cents, or 38.46 per cent, at 18 cents

A drug developed by an Australian biotech is showing promise in destroying stubborn brain cancer cells in children and adults.

OCP - OCEANIA CAPITAL - steady at $1.255

Investment company Oceania Capital has bought security screen supplier Crimsafe, with the business valued at $30 million.

WES - WESFARMERS - down 40 cents, or 0.92 per cent, at $43.26

The NSW government has approved ongoing operations at Wesfarmers Resources Bengalla coal mine in the state's Hunter Valley.

Market Data

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