Stocks to watch at close on Thursday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Thursday:
AIO - ASIANO LTD - up 15 cents at $4.33
Ports and rail operator Asciano has told shareholders that it is operating in a difficult economic environment and it is frustrated by the disappointing performance of its share price.
BSL - BLUESCOPE STEEL LTD - steady at 46 cents
Loss-making BlueScope Steel still expects to remain in the red during the first half of the 2012/13 financial year.
GNC - GRAINCORP LTD - up two cents at $12.20
Grains marketer Graincorp's annual profit has increased by 19 per cent and the company's current harvest is proceeding well.
JHX - JAMES HARDIE INDUSTRIES SE - down 17 cents at $8.80
Building products maker James Hardie's first-half profit has fallen 35 per cent but the company says there are good signs in its key market, the United States.
LLC - LEND LEASE GROUP - down one cent at $8.25
Property developer Lend Lease says that while lower interest rates are encouraging more people to start house hunting, sales remain sluggish.
LYC - LYNAS CORPORATION LTD - down five cents at 60.5 cents
Shares in rare earths miner Lynas have fallen by more seven per cent after Malaysian activists continued legal action against the company's controversial processing plant.
MGR - MIRVAC GROUP - down 2.5 cents at $1.43
Property owner and developer Mirvac says it sees some areas of strength in the NSW housing market but a recovery in Queensland is still some time away.
MYR - MYER HOLDINGS LTD - up 13 cents at $2.13
Myer says its first-quarter sales have risen by one per cent with sentiment improving slightly thanks to interest rate cuts.
PPX - PAPERLINX LTD - up 0.2 cents at 5.9 per cents
Struggling paper, packaging and signage merchant PaperlinX has announced more restructuring and cost cuts in its business in the United Kingdom in response to depressed trading conditions in Europe.
QAN - QANTAS AIRWAYS LTD - up five cents at $1.28
Qantas shares have gained more than five per cent on moves by the airline to strengthen its balance sheet and improve shareholder returns.
SVW - SEVEN GROUP HOLDINGS LTD - down 17 cents at $6.30
Seven Group Holdings managing director Peter Gammell says the media and industrial services group is "doing very well" after forecasting a rise in first-half underlying profit for 2012/13.