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Stocks to watch

BHP - BHP BILLITON - down 48 cents, or 1.35 per cent, at $35.13

BHP executive Geoff Healy says it is not viable for companies to ignore that society wants more from them on issues such as climate change and gender equality.

CBA - COMMONWEALTH BANK - down 42 cents, or 0.53 per cent, $78.18

The Commonwealth Bank of Australia has announced a $750 million notes offer to beef up its capital position.

CUV - CLINUVEL PHARMACEUTICALS - up $16.91, or 60.2 per cent, at $45.00

Clinuvel shares soared after its Sceness afamelanotide drug - which the Melbourne-based firm says is the first ever treatment for a rare genetic metabolic disorder that causes absolute intolerance to light - was approved by the FDA in the US.

CWY - CLEANAWAY WASTE - up 12 cents, or 6.25 per cent, at $2.04

Cleanaway Waste Management has agreed to pay $66 million to buy the recycling assets of SKM, whose financial collapse led to tonnes of Victorian recyclable materials being sent to landfill.

FLT - FLIGHT CENTRE - down $5.53, or 11.72 per cent, at $41.67

Flight Centre shares have slumped to a three month low of $40.65 during trade on Wednesday after saying half-year profit is likely to come in lower

PFP - PROPEL FUNERALS - up 10 cents, or 3.34 per cent, at $3.09

Propel Funeral Partners says a rise in the number of deaths over the late winter and early spring has delivered record funeral volumes for the quarter, underpinning an improved revenue performance.

TLS - TELSTRA CORP - up three cents, or 0.87 per cent, at $3.49

Telstra is giving customers until June 2024 to ditch their 3G devices after announcing plans to switch off the ageing network.