Stocks to watch
Stocks to watch on the Australian stock exchange:
AZJ - AURIZON HOLDINGS - up 1 cent, or 0.2 per cent, at $5.06
Aurizon has outlined fresh impairments of $606 million with its intermodal and bulk transport divisions continuing to face challenging market conditions.
FMG - FORTESCUE METALS GROUP - down 6 cents, or 1.1 per cent, at $5.24
Fortescue Metals is targeting a further reduction in costs this financial year but expects to keep its iron ore shipments steady.
GUD - GUD HOLDINGS - down 27 cents, or 2.2 per cent, at $11.91
The owner of the Oates cleaning product brand made a loss of $7.3 million in 2016/17 due to the impact of the sale of two underperforming businesses.
KGN - KOGAN - steady at $2.24
Online retailer Kogan.com continues to expand beyond televisions and appliances, adding insurance to its business.
MQG - MACQUARIE GROUP - up $1.04, or 1.2 per cent, at $87.37
Macquarie Group expects to make another annual profit of around $2.2 billion despite the impact of the federal government's new bank levy.
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