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November 09 2012, 07:16AM

Stocks to watch on the Australian stock exchange on Friday November 9

ANZ - ANZ BANKING GROUP LTD - down $1.14 at $24.37


NAB - NATIONAL AUSTRALIA BANK LTD - down 12 cents at $24.87

WBC - WESTPAC BANKING GROUP LTD - up seven cents at $25.93

Australia's major banks are strong enough to withstand a major global economic downturn, the industry's regulator says.

GBG - GINDALBIE METALS LTD - down 0.5 cents at 32 cents

Gindalbie Metals expects to complete almost 300,000 tonnes of shipments from its Karara iron ore project in Western Australia.

GMG - GOODMAN GROUP - in trading halt, last traded at $4.49

Commercial and industrial property owner Goodman Group has expanded into Brazil and will issue new equity to raise $400 million for further growth

LYC - LYNAS CORPORATION LTD - up 8.5 cents at 80.5 cents

Shares in Lynas Corporation surged in late trade after a Malaysian court paved the way for the company to begin operating a controversial rare earths processing plant.

MAH - MACMAHONS HOLDINGS LTD - down 0.5 cents at 30 cents

Mining contractor Macmahon Holdings says it has reached a termination agreement with its former chief executive Nick Bowen valued at more than $380,000.

QAN - QANTAS AIRWAYS LTD - down two cents at $1.28

Qantas Airways says about 150 of its employees and 250 contractors will go as part of changes to its engineering operations.

RSG - RESOLUTE MINING LTD - up 2.5 cents at $1.935

Noble Mineral Resources has accepted an $85 million financing offer from Resolute Mining.

TSE - TRANSFIELD SERVICES LTD - up two cents at $1.59

Transfield Services has won a $200 million contract to provide maintenance and operations services to QGC's Queensland upstream coal seam gas assets.