Stocks to watch
Stocks of interest at the close of trade on the ASX on Friday, December 7:
IFL - IOOF HOLDINGS - down $2.57, or 35.8 per cent, to $4.60
Beleaguered wealth manager IOOF Holdings has hit back at the prudential regulator, saying a move to disqualify five of its senior employees and impose new license conditions is "misconceived".
ABC - ADELAIDE BRIGHTON - down 49 cents, or 9.5 per cent, to $4.65
Construction firm Adelaide Brighton has downgraded its full-year profit guidance after a slower than expected second half, partly due to weather-related disruption on the east cost.
LYC - LYNAS CORP - up one cent, or 0.6 per cent, to $1.68
Uncertainties surrounding Lynas Corporation Ltd's future in Malaysia have hampered the Australian rare earths miner's efforts to plan expansion, its chief executive said.
COL - COLES GROUP - up 50 cents, or 2.1 per cent, to $12.60
CSL - CSL LIMITED - up $4.66, or 2.6 per cent, to $183.90
The volatility in markets this week led investors to lean on defensive stocks, consumer staples and health care, on Friday.
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