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December 28 2012, 07:29AM

Stocks to watch on the Australian stock exchange on Friday December 28.

BBG - BILLABONG INTERNATIONAL LTD - up four cents at 87 cents

Troubled surfwear retailer Billabong has granted former board member Paul Naude and his financial backers due diligence access as they put together a takeover offer the company.

FMG - FORTESCUE METALS GROUP - up 18 cents, or 4.1 per cent, at $4.53

Fortescue will resume work to expand the Kings deposit at its Solomon iron ore mining hub in January after a rebound in commodity prices.

MYR - MYER HOLDINGS LTD - up six cents at $2.13

DJS - DAVID JONES LTD - up seven cents at $2.41

HVN - HARVEY NORMAN HOLDINGS LTD - up three cents at $1.885

JBH - JB HI-FI LTD - up three cents at $10.26

The Australian National Retailers Association (ANRA) has forecast national sales will top $1.8 billion over the holiday period, up by about 2.5 per cent on last year. National Australia Bank has also reported a 30 per cent jump in Boxing Day card transactions over last year.