Stocks to watch at close on Wednesday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Wednesday:
AIO - ASCIANO LTD - up three cents at $4.37
Asciano will axe 270 jobs and build a more automated workplace as it completes a $348 million expansion of its container terminal at Port Botany in Sydney.
BHP - BHP BILLITON LTD - down 61 cents at $30.18
BHP Billiton has flagged a five per cent rise in 2013 iron ore production after a bumper result for the June quarter.
GLG - GERARD LIGHTING GROUP LTD - up 21.5 cents, or 26.71 per cent, at $1.02
Shares in Gerard Lighting Group have soared more than 25 per cent after the company recommended shareholders accept a $186 million takeover offer from Lighting Group Australia.
MHM - MHM METALS LTD - up three cents at 42 cents
The former CEO of Coogee Chemicals Pty Ltd Phil Thick has been appointed managing director and chief executive of diversified resources company MHM Metals.
NAM - NAMOI COTTON CO-OPERATIVE LTD - steady at 22 cents
Cotton producer Namoi Cotton Co-operative says several parties have expressed interest in becoming "cornerstone" investors in the company.
NAB - NATIONAL AUSTRALIA BANK LTD - up seven cents at $23.77
Britain's financial services watchdog is to investigate National Australia Bank's two UK lenders to see if they mis-sold products designed to protect businesses from interest rate rises.
TZL - TZ LTD - down 0.1 cent at 8.4 cents
Mark Bouris' technology company TZ has cut jobs and costs as part of a major restructure of its businesses.