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Stocks to watch at close on Wednesday

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Stocks to watch

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AAP

2013-01-02

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

GBG - GINDALBIE METALS LTD - up 2.5 cents, or 10 per cent, at 27.5 cents

Gindalbie Metals said it has made the first shipment of magnetite from the Karara iron ore project in Western Australia.

RIO - RIO TINTO - up $1.61, or 2.44 per cent, at $67.62

BHP - BHP BILLITON - up 74 cents, or 1.99 per cent, at $37.84

FMG - FORTESCUE METALS GROUP - up 27 cents, or 5.81 per cent, at $4.92

Shares in the major miners rose on Wednesday after an almost four per cent surge in the iron ore price.

SDL - SUNDANCE RESOURCES - up one cent, or 2.7 per cent, at 38 cents

Sundance Resources shares continued their rally that started on Monday after Chinese company Hanlong said it was in the final stages of taking over the Australian miner.