News from AAP

Stocks to watch on Friday

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Stocks to watch on the Australian stock exchange on Friday:

BHP – BHP BILLITON

FMG – FORTESCUE METALS GROUP

RIO – RIO TINTO

Mining company shares could be hit following market turbulence and a fall in the price of ore to $US45.25.

ORG – ORIGIN ENERGY

OSH – OILSEARCH

STO – SANTOS

WPL – WOODSIDE PETROLEUM

Energy companies can expect another hit on Friday with the price of WTI falling more than 2.5 per cent to well below the $US30 mark, to be down 2.81 per cent at $US26.28 at 0755 AEDT on Friday.

RIO – RIO TINTO

Rio Tinto shareholders will have their returns slashed as the mining giant tightens its belt after falling to a $US866 million ($A1.22 billion) annual loss.