Stocks to watch
Stocks to watch on the Australian stock exchange:
ANZ - ANZ BANKING GROUP - down 8 cents, or 0.3 per cent, at $31.20
ANZ has announced its second asset sale in two weeks as it continues efforts to streamline its business and bolster capital.
BAL - BELLAMY'S AUSTRALIA - down $1.33, or 19.9 per cent, at $5.35
The chief executive of the baby formula supplier has stood down as the troubled company reveals the significant impact on its earnings from lower-than-expected sales in China.
BHP - BHP BILLITON - up 66 cents, or 2.6 per cent, at $26.02
RIO - RIO TINTO - up $2.33, or 3.9 per cent, at $62.28
FMG - FORTESCUE METALS - up 27 cents, or 4.5 per cent, at $6.23
Copper prices hit a one-month high as inflation figures in top consumer China pointed to further signs of economic recovery, while zinc hit a three-week peak on persistent supply shortages. Lead, aluminium, nickel, tin and iron ore prices were also higher.
PRY - PRIMARY HEALTH CARE - down 7 cents, or 1.8 per cent, at $3.94
The immediate future of Primary Health Care chief executive Peter Gregg remains uncertain following the company's board meeting on Tuesday to consider the implications of his pending legal action related to a previous role.
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