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AAP

February 13 2013, 06:50AM

Stocks to watch on the Australian stock exchange on Wednesday, Feb 13

AGK - AGL ENERGY LTD - up 20 cents at $15.45

AGL Energy shares are higher after the company received approval for the first stage of a new coal seam gas (CSG) project in NSW.

AMM - AMCOM TELECOMMUNICATIONS LTD - up one cent at $1.515

Business-focused telco Amcom Telecommunications has delivered a 20 per cent lift in first half profit and flagged a similar result for the full year.

BKN - BRADKEN LTD - up 67 cents, or 10.98 per cent, at $6.77

Engineering company Bradken has impressed the market by declaring that last year's economic downturn in resources had bottomed out while posting an impressive half year profit

CBA - COMMONWEALTH BANK OF AUSTRALIA - up 40 cents at $65.52

Commonwealth Bank is expected to post another bumper profit for the first half of the financial year, and shareholders are set to be the big winners.

QAN - QANTAS AIRWAYS LTD - up one cent at $1.58

Qantas Airways says its nine million frequent flyers will be able to use points to redeem flights across the Emirates network from March 31.

RIO - RIO TINTO LTD - down 42 cents at $69.03

Mining giant Rio Tinto is expected to post a full year net profit of more than $9 billion, driven by the company's iron ore business.

WHC - WHITEHAVEN COAL LTD - up 23 cents at $3.19

Investors have backed Whitehaven Coal's controversial Maules Creek mine project by pushing the miner's share price higher a day after it was granted federal environmental approval.