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Stocks to watch at close on Wednesday

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Stocks to watch

ALZ, SGP, JBH, NCM, WDC,

AAP

2012-12-05

Stocks to watch on the Australian stock exchange at close on Wednesday:

AAC - AUSTRALIAN AGRICULTURAL COMPANY - down two cents at $1.25

The nation's largest cattle producer, Australian Agricultural Company (AACo) is on track to post a 2.5 per cent increase in sales for the year.

AGG - ANGLOGOLD ASHANTI LTD - down 19 cents at $5.80

Mining giant AngloGold Ashanti and Independence Group have increased their resource estimate for their Tropicana gold joint venture by almost 1.5 million ounces.

AZJ -AURIZON HOLDINGS LTD - up six cents at $3.63

Freight rail operator Aurizon, formerly QR National, has extended a Queensland coal haulage contract with mining giant Rio Tinto.

CBA - COMMONWEALTH BANK OF AUSTRALIA - up 58 cents at $61.08

Commonwealth Bank of Australia has trimmed its standard variable home loan rate but shied away from matching the Reserve Bank's 25 basis point cut to its cash rate.

LYC - LYNAS CORPORATION LTD - up 1.5 cents at 61.5 cents

Rare earths miner Lynas is facing further court action against the operation of its new plant in Malaysia.

NAB - NATIONAL AUSTRALIA BANK LTD - up six cents at $24.31

National Australia Bank is the first of the big four banks to cut its interest rates, passing on 20 basis points of the central bank's 25 basis point cut.

ORI - ORICA LTD - down 18 cents at $23.90

The leakage of toxic hexavalent chromium from Orica's plant last year had a serious impact on Stockton residents' quality of life, causing people, the media and the government to "freak out", a court has heard.

STO - SANTOS LTD - down 11 cents at $10.95

Oil and gas producer Santos has announced it will cut 100 jobs from its South Australian operations.

TEN - TEN NETWORK HOLDINGS LTD - in a halt trading, last traded at 32.5 cents

Ten Network Holdings shares have gone into a trading halt as the struggling free-to-air broadcaster prepares to raise new funds.

WTF - WOTIF.COM HOLDINGS LTD - up five cents at $5.10

The head of an Indonesian online hotels group has been named as the new chief executive of Australian online travel company Wotif.