Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday:

AGL - AGL ENERGY - up 40 cents, or 2.2 per cent, at $18.91

AGL Energy is quitting its gas exploration and production activities due to the collapse in oil and gas prices.

ANN - ANSELL - down $3.85, or 20.6 per cent, at $14.80

Gloves and condom maker has flagged a fall in its full year earnings as January sales were lower than anticipated, with customers deferring or cutting orders in a weakening economic environment.

CPU - COMPUTERSHARE - up 15 cents, or 1.4 per cent, at $10.61

Share registry group Computershare has agreed to buy US-based Capital Markets Cooperative for $US71.2 ($A99.16) million.

DOW - DOWNER EDI - up 26 cents, or 8.8 per cent, at $3.21

Engineering group Downer EDI has trimmed its full year profit guidance after posting a nearly 24 per cent drop in first half profit.

MQG - MACQUARIE GROUP - down $3.40, or five per cent, at $64.86

Macquarie Group remains on track for a record full year profit of more than $2 billion, though it says volatile market conditions make forecasting difficult.

S32 - SOUTH32 - up 13.5 cents, or 14.2 per cent, at $1.085

BHP Billiton spinoff South32 will slash 620 jobs and has flagged widespread job losses in Australia after revising down its commodity price forecasts.

TAH - TABCORP - down 13 cents, or 2.9 per cent, at $4.39

Wagering and keno firm Tabcorp's half year profit has fallen 33 per cent due to legal proceedings and the forthcoming launch of a new business in the United Kingdom.

VAH - VIRGIN AUSTRALIA - steady at 49 cents

Virgin Australia's underlying profit before tax in the three months to December 31 rose 32 per cent to $73 million which equates to a statutory profit of $60.8 million, up by $49.6 million on the same period a year ago.

Market Data

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