Stocks to watch at close on FridayPUBLISHED: 30 Nov 2012 16:29:59 | UPDATED: 01 Dec 2012 02:36:51PRINT EDITION: 30 Nov 2012
Stocks to watch on the Australian stock exchange at close on Friday:
GRAINCORP (GNC): down 7¢ at $11.90
GrainCorp has been given the go-ahead by the competition watchdog to offer long-term agreements to exporters using its ports along Australia's east coast.
LYNAS CORPORATION (LYC): down 3.5¢ at 64¢
Rare earths miner Lynas Corporation has announced the first feed to kiln and commencement of operations are under way at its controversial advanced materials plant in Malaysia.
METCASH (MTS): down 8¢ at $3.43
Grocery wholesaler Metcash has downgraded earnings guidance as the ongoing supermarket food war has forced down prices, resulting in a weaker first half profit.
PRIMARY HEALTH CARE (PRY): down one cent at $4.00
Medical centre operator Primary Health Care remains on track to lift earnings by up to 25 per cent in the 2012-13 financial year.
QANTAS AIRWAYS (QAN): up 0.5¢ at $1.325
VIRGIN AUSTRALIA HOLDINGS (VAH): up one cent at 44¢
Air fares continue to be under pressure in Australia as Qantas Airways battles rival Virgin for domestic passengers.
RETAIL FOOD GROUP (RFG): down 6¢ at $2.98
Retail Food Group remains optimistic that its brands, which include Michel's Patisserie and Donut King, will continue to perform well during ongoing tough trading conditions.
SUNDANCE RESOURCES (SDL): steady at 39¢
The Government of Cameroon has officially paved the way for development of Sundance Resource's Mbalam iron ore project by signing the Mbalam Convention.