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Stocks to watch at close on Thursday

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Stocks to watch

AMP, BHP, CBA, QAN, RMD, RIO,

AAP

2012-12-06

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

ANZ - ANZ BANKING GROUP LTD - down five cents at $24.72

CBA - COMMONWEALTH BANK OF AUSTRALIA - down 72 cents ta $60.36

NAB - NATIONAL AUSTRALIA BANK LTD - down six cents at $24.25

WBC - WESTPAC BANKING CORPORATION - down 11 cents at $25.47

Profits for the major banks will stagnate in 2013 and the weakening economy will cause a rise in bad debt charges, ratings agency Moody's says.

BHP - BHP BILLITON LTD - up 12 cents at $34.41

Copper is in vogue and uranium not, with BHP Billiton moving responsibility for the Olympic Dam mine to its base metals group, to reflect shifting priorities.

BLD - BORAL LTD - down two cents at $4.03

Building products maker Boral is cutting 90 jobs as it suspends some manufacturing at a Victorian cement plant in favour of imports.

NUF - NUFARM LTD - down five cents at $5.62

Pesticide company Nufarm expects earnings to rise 15 per cent in the first half of fiscal 2013 due to a stronger performance in South America and an improvement in Europe.

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

Ten Network's major shareholder and board director, mining billionaire Gina Rinehart, says the struggling broadcaster could have done more to cut costs in the past.

VAH - VIRGIN AUSTRALIA HOLDINGS - down 0.5 cents at 43.5 cents

Virgin Australia has won approval from Singapore's corporate regulator to take over regional airline Skywest as it makes a push into budget air travel.

WHC - WHITEHAVEN COAL LTD - down three cents at $2.99

Whitehaven Coal has applied for emergency approval to truck coal from its Narrabri mine after a train derailment