Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Oct 8:

A2M - A2MILK - in a trading halt at 65 cents

A2 Milk is launching a $NZ43 million ($A39.42 million) capital raising through a placement and share purchase plan to support its planned expansion in China, the UK and US.

AIO - ASCIANO - down one cent, or 0.1 per cent, at $8.51

Port and rail operator Asciano will spend $100 million on a new freight terminal in western Sydney as part of its strategy to move more freight from Port Botany on to rail.

ANN - ANSELL - down 19 cents, or one per cent, at $18.34

Ansell has had a disappointing start to the financial year because of softer markets in parts of North America, Europe and southeast Asia.

BNO - BIONOMICS - up nine cents, or 19.6 per cent, at 55 cents

Global pharmaceutical company Merck & Co will make a $US9 million ($A12.5 million) investment in local biotech Bionomics, focusing on the treatment of diseases of the central nervous system and cancer.

BOQ - BANK OF QUEENSLAND - up 85 cents, or 7.3 per cent, at $12.46

Bank of Queensland hopes to benefit from the house price boom outside its home state after it announced a record full year profit of $318 million.

BSL - BLUESCOPE STEEL - up 12 cents, or 3.2 per cent, at $3.82

Bluescope Steel will shed around 500 jobs at its Port Kembla steelworks operations in NSW as it cuts costs to keep its Australian operations viable.

ERA - ENERGY RESOURCES OF AUSTRALIA - up eight cents, or 24.2 per cent, at 41 cents

Uranium miner Energy Resources of Australia says it can't explain a 24 per cent jump in its share price.

GNX - GENEX POWER - steady at 15 cents

An alternative energy company wants to build the country's largest solar farm next to the Queensland gold mine that it will convert into a hydro-electric power plant.

IFL - IOOF - steady at $8.77

Financial services company IOOF faces a potential class action of up to $100 million from tens of thousands of shareholders over its handling of allegations of corporate misconduct.

MQG - MACQUARIE GROUP - in a trading halt at $77.84

Macquarie Group is forking out $8.2 billion for a major car leasing and finance business from ANZ, and seeking financial support from shareholders to fund the deal.

Market Data

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