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January 02 2013, 08:04AM

Stocks to watch on the Australian stock exchange on Wednesday January 2

FXJ - FAIRFAX MEDIA LTD - up 3.5 cents, or 7.37 per cent, at 51 cents

John Singleton has taken a stake in Fairfax Media and is joining forces with his long-time friend Gina Rinehart to push for a "significant" say in the company.

RIO - RIO TINTO - down 52 cents at $66.01

BHP - BHP BILLITON - down 30 cents at $37.10

Share in the major miners eased on Monday after metals prices fell.

SDL - SUNDANCE RESOURCES - up five cents, or 15.6 per cent, at 37 cents

Privately owned Chinese company Hanlong plans to complete the acquisition of Sundance Resources Ltd for 45 cents (50 US cents) per share by March 1, after submitting paperwork to the Australian Securities and Investments Commission.