Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 7:

AFI - AUSTRALIAN FOUNDATION INVESTMENT COMPANY - up 4.00 cents, or 0.70 per cent, at $5.72

Australian Foundation Investment Company has its annual general meeting.

IAG - IAG - down 6.5 cents, or 1.31 per cent, at $4.905

IAG chief executive and managing director Mike Wilkins will retire in November after more than seven years in charge of the insurance giant.

TLS - TELSTRA - down 8.00 cents, or 1.40 per cent, at $5.62

Telstra's retail boss Gordon Ballantyne, who helped revive the telco giant's fortunes in the mobile market, will leave in December after more than five years with the company.


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