Stocks to watch on the Australian stock exchange on Wednesday, April 16:
BLX - BEACON LIGHTING GROUP - up 40 cents, or 60.6 per cent, at $1.06
Australia's largest retailer of residential lighting, ceiling fans and light globes has enjoyed a bright start to life on the share market.
BRL - BATHURST RESOURCES - in a trading halt, last traded at seven cents
Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport.
CCL - COCA-COLA AMATIL - up three cents, or 0.3 per cent, at $9.09
Ratings agency Standard and Poor's has downgraded Coca-Cola Amatil's credit rating in the wake of a slide in the the beverage giant's earnings.
IAG - INSURANCE AUSTRALIA GROUP - up three cents, or 0.55 per cent, at $5.49
Insurance Australia Group has reaffirmed its full year guidance for gross written premium growth of three to five per cent.
NUF - NUFARM - up eight cents, or 2.0 per cent, at $4.07
Agricultural chemicals manufacturer Nufarm will close its New Zealand manufacturing plant and shift regional production to Victoria.
OZL - OZ MINERALS - up nine cents, or 2.4 per cent, at $3.84
OZ Minerals says a dozen parties are looking at buying the company's key growth asset, the Carrapateena copper project in South Australia.
RIO - RIO TINTO - up nine cents, or 0.1 per cent, at $63.35
Rio Tinto produced and shipped less iron ore during the first three months of 2014 after bad weather affected its ports and mining operations in Western Australia.