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AAP

December 21 2012, 07:53AM

Stocks to watch on the Australian stock exchange on Friday December 21

BBG - BILLABONG INTERNATIONAL LTD - down five cents, or 5.9 per cent, at 80 cents

Billabong's chief financial officer Craig White has left the troubled surfwear retailer, less than a day after the company began considering its lowest takeover offer in 10 months.

CRZ - CARSALES.COM - down nine cents, or 1.2 per cent, at $7.49

The future of Telstra Corporation's Trading Post is under a cloud after the competition regulator blocked a proposed deal with online classifieds operator carsales.com.

DXS - DEXUS PROPERTY GROUP - up 4.5 cents, or 4.5 per cent, to $1.055

Dexus Property Group has sold the majority of its industrial assets in the United States for $US561 million ($A537.12 million), above their current value.

GNC - GRAINCORP LTD - up three cents at $12.34

Takeover target Graincorp says it has not been distracted by the attention of US food processing giant Archer Daniels Midland (ADM).

OZL - OZ MINERALS LTD - up 20 cents, or three per cent, at $6.91

Oz Minerals says its recent share price volatility can be put down to analysts' modelling of production and costs for 2013.

QAN - QANTAS AIRWAYS - up one cent to $1.46

Qantas Airways shares were flat in early trade as the airline welcomed a preliminary decision giving its proposed alliance with Emirates the green light.

TLS - TELSTRA CORPORATION - up one cent, or 0.23 per cent, at $4.35

The competition watchdog says Telstra Corporation's proposed acquisition of the smaller Adam Internet would reduce competition in phone and internet services.