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Stocks to watch on Wednesday

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Stocks to watch on the Australian stock exchange on Wednesday, Aug 5:

AVJ – AVJENNINGS – up 2.5 cents, or 3.85 per cent, at 67.5 cents

House and land packages group AVJennings has lifted its full year profit guidance after completing a number of projects ahead of schedule.

CSL – CSL – up $1.94, or two per cent, at $100.77

The share price of blood products and vaccines supplier CSL has breached the $100 mark for the second time in its history.

FXJ – FAIRFAX MEDIA – up 4.5 cents, or 5.3 per cent, at 89.5 cents

Fairfax Media has sold its printing site near Melbourne Airport to a luxury car dealer for $16 million.

MBE – MOBILE EMBRACE – up five cents, or 18.9 per cent, at 31.5 cents

Australians’ love affair with their smartphones has helped mobile payments and marketing company Mobile Embrace lift its full-year profit 22 per cent.

NST – NORTHERN STAR – down 12 cents, or 5.6 per cent, at $2.03

Northern Star Resources says its new joint venture with Tanami Gold could produce up to 150,000 ounces of gold.

ORG – ORIGIN ENERGY – down 18 cents, or 1.6 per cent, at $11.01

Origin Energy is selling its controlling stake in Contact Energy, which it expects to result in $NZ1.8 million ($A1.62 million) in proceeds.

RRL – REGIS RESOURCES – down 0.5 cents, or 0.4 per cent, at $1.285

Gold miner Regis Resources is looking for acquisitions as a weak gold price opens up opportunities.

SUN – SUNCORP – up 22 cents, or 1.5 per cent, at $14.55

Suncorp boss Patrick Snowball is going out on a high as the insurance giant’s profit rises 55 per cent despite a record $1 billion natural disaster claims bill.

WOW – WOOLWORTHS – up 12 cents, or 0.4 per cent, at $28.72

WES – WESFARMERS – up 66 cents, or 1.6 per cent, at $43.07

MYR – MYER – up four cents, or 3.2 per cent, at $1.30

HVN – HARVEY NORMAN – up 27 cents, or 6.1 per cent, at $4.72

JBH – JB HI-FI – up eight cents, or 0.4 per cent, at $19.48

Big spending on building materials and electronics has given the retail sector a boost, indicating the housing sector is finally delivering economic benefits.