Stocks to watch
Stocks to watch on the Australian stock exchange:
AGL - AGL ENERGY - down 40.5 cents, or 1.8 per cent, at $20.065
AGL Energy's half-year profit has nearly doubled to $622 million as the company benefited from high wholesale electricity prices and gains from hedging activities.
AMP - AMP - up 19.5 cents, or 3.9 per cent, at $5.225
Wealth manager AMP has swung back to profit from a $344 million loss a year ago, following strong earnings momentum from its AMP Capital and AMP Bank businesses.
BHP - BHP BILLITON - down 50 cents, or 1.7 per cent, at $29.36
Mining giant BHP has pledged to continue to invest in its Olympic Dam mine after completing a $350 million upgrade, ahead of a return to full production in the first quarter of 2018.
DBF - DUXTON BROADACRE FARMS - up eight cents, or 5.3 per cent, at $1.58
Duxton Broadacre Farms shares have lifted more than five per cent after making their ASX debut on Thursday morning.
MGR - MIRVAC - up 1 cent, or 0.5 per cent, at $2.06
Property group Mirvac's half-year profit has fallen eight per cent to $465 million, due to lower gains on revaluation of its property investment portfolio and the timing of residential lot settlements.
NAB - NATIONAL AUSTRALIA BANK - up 62 cents, or 2.2 per cent, at $28.86
National Australia Bank's cash earnings have slipped one per cent as expenses have risen partly due to the lender's increased spend on infrastructure and job cuts.
ORG - ORIGIN ENERGY - down 13.5 cents, or 1.5 per cent, at $8.815
Origin energy has flagged a $533 million hit on its 2018 first-half results following impairment charges for its Ironbark gas field and on its recently sold Lattice Energy business.
TAH - TABCORP - down 33.5 cents, or 6.6 per cent, at $4.775
Gaming giant Tabcorp's first-half profit has fallen nearly 60 per cent, dragged down by the cost of its $11 billion merger with Tatts, an underperforming UK joint venture, and the closure of digital wagering business Luxbet.
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