Stocks to watch on the Australian stock exchange on Wednesday:
AAC - AUSTRALIAN AGRICULTURAL COMPANY - down one cent at $1.165
Cattle producer Australian Agricultural Company said it would lower the value of its herds, partly because continued dry weather has hit domestic cattle prices.
NCM - NEWCREST MINING - down 92 cents at $17.00
KCN - KINGSGATE CONSOLIDATED - down 16 cents at $2.80
Shares in Australia's gold miners were punished for a second consecutive day on Tuesday after the price of the precious metal was smashed in offshore trade.
QFX - QUICKFLIX - up 0.1 cent at 1.9 cents
Australians will be able to buy HBO series through Quickflix without subscribing to the service.
RIO - RIO TINTO - down 11 cents at $54.98
Rio Tinto's cost cutting program is hitting its targets as the global miner posts a better than expected quarterly iron ore production report.
WES - WESFARMERS - steady at $40.68
Wesfarmers quarterly sales, due out on Thursday, are expected to grow around four per cent, driven by its supermarket giant Coles and home improvement chain Bunnings.
