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Stocks to watch at close on Wednesday

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Stocks to watch

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AAP

2012-12-19

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

ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP - up 13 cents, or 0.53 per cent, at $24.64

ANZ Banking Group says local and global economic conditions will remain soft in 2013, with political uncertainty adding to concerns.

BBG - BILLABONG INTERNATIONAL LTD - down 13 cents, or 13.27 per cent, at 85 cents

Surfwear retailer Billabong is considering a $527 million takeover offer from one of its former executives, and has downgraded its full-year earnings guidance.

SGM - SIM METAL MANAGEMENT - down 31 cents, or 3.33 per cent, at $9.00

Scrap metal recycler Sims Metal Management has downgraded its first half earnings forecast by 20 per cent.

TOE - TORO ENERGY - down one cent, or nine per cent, at 10 cents

Toro Energy says it's extremely disappointed with a further delay to its Wiluna project in Western Australia, which is the front-runner as the state's first uranium mine.

WHC - WHITEHAVEN COAL LTD - up 26 cents, or 8.1 per cent, at $3.47

Whitehaven Coal has held talks with China's largest coal company, Shenhua Group, about a deal that could help it get embattled entrepreneur Nathan Tinkler off its share register.