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Stocks to watch at close on Tuesday

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Stocks to watch

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AAP

2013-01-22

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

GUD - GUD HOLDINGS LTD - down 15 cents, or 1.8 per cent, at $8.24

Household appliances and cleaning products supplier GUD Holdings says it is in a strong financial position although most of the sectors in which it trades remain highly competitive.

MAH - MACMAHON HOLDINGS LTD - up 1.5 cents, or 5.8 per cent, at 27 cents

FMG - FORTESCUE METALS GROUP LTD - up 11 cents, or 2.4 per cent, at $4.64

Shares in Macmahon Holdings rose more than 15 per cent in early trade on Tuesday, after the mining contractor sealed a $1.8 billion deal with Fortescue Metals Group.

MBN - MIRABELA NICKEL - down two cents, 3.6 per cent, at 53 cents

The Perth-based, Brazil-focused miner Troubled miner Mirabela Nickel hopes to increase production to between 22,000 to 24,000 tonnes of nickel in concentrate in 2013.

NAB - NATIONAL AUSTRALIA BANK LTD - down 26 cents, or one per cent, at $26.59

Shares in National Australia Bank have tumbled after Spanish giant Santander had denied it was interested in buying its troubled UK banks.

RIO - RIO TINTO LTD - up 44 cents, or 0.66 per cent, at $66.89

Rio Tinto had no option under Labor's Fair Work laws but to resume bargaining with the Australian Workers' Union (AWU) in Tasmania, coalition senator Simon Birmingham says.