Stocks to watch
Stocks to watch on the Australian stock exchange:
ANZ - ANZ BANKING GROUP - down 86 cents, or 3 per cent, at $27.88
CBA - COMMONWEALTH BANK - down $2.40, or 3 per cent, at $77.40
NAB - NATIONAL AUSTRALIA BANK - down 87 cents, or 3 per cent, at $28.32
WBC - WESTPAC BANKING CORP - down 98 cents, or 3.1 per cent, at $30.33
The leading banks took heavy falls on the market's worst day since September 2015.
BHP - BHP BILLITON - down 82 cents, or 2.7 per cent, at $29.33
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company's board to immediately review its dual listed company structure.
HVN - HARVEY NORMAN - down 10 cents, or 2.3 per cent, at $4.27
JBH - JB HI-FI - down 67 cents, or 2.4 per cent, at $27.20
MYR - MYER - steady at 65 cents
Retail spending slowed more than expected with household goods, department stores and apparel sales all falling in December.
MQG - MACQUARIE GROUP - down $5.48, or 5.3 per cent, at $97.88
Macquarie Group expects to lift full-year profit by about 10 per cent on last year's record $2.2 billion.
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