Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday:

ASX - ASX - up 50 cents, or 1.2 cent, at $42.48

The volume of trades on Australia's stock exchange jumped 39 per cent in February as the majority of listed companies delivered earnings reports.

BHP - BHP BILLITON - up 52 cents, or 3.1 cent, at $17.25

BHP Billiton's Samarco joint venture will pay up to $US2.3 billion ($A3.15 billion) over six years after reaching a settlement with Brazilian authorities over a deadly dam spill in November.

MGC - MGC PHARMACEUTICALS - up four cents, or two per cent, at four cents

Medical cannabis producer MGC Pharmaceuticals has struck a deal with an Israeli therapeutics start-up to develop an intra-nasal treatment for epilepsy.

ORG - ORIGIN ENERGY - up 25 cents, or 5.3 per cent, at $4.96

Oil and gas producer Origin Energy says its Australia Pacific liquefied natural gas (APLNG) facility has switched to operating phase after shipping its sixth cargo.

STO - SANTOS - up nine cents, or 2.5 per cent, at $3.69

Oil and gas producer Santos has sold its stake in the Kipper gas field off the coast of Victoria to Japan's Mitsui for $520 million.

TWE - TREASURY WINE ESTATES - up two cents, or 0.2 cent, at $9.39

The maker of world famous wines, including Penfolds and Wolf Blass, has increased chief executive Michael Clarke's pay package almost 30 per cent for turning the company around.

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