The Bull

Tuesday 20

November, 201811:25 AM



Stocks to watch

Stocks to watch

Stocks of interest at the close of trade on the ASX on Wednesday, November 7:

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By AAP 07.11.2018 04:38 PM

Stocks of interest at the close of trade on the ASX on Wednesday, November 7:

CBA - COMMONWEALTH BANK - up 40 cents, or 0.58 per cent, to $69.35

Commonwealth Bank's first-quarter unaudited cash profit has fallen 5.7 per cent to $2.5 billion, with higher funding costs and competition for borrowers putting pressure on margins.

WBC - WESTPAC - up 40 cents, or 0.97 per cent, to $27.18

Westpac chief executive Brian Hartzer has seen his pay drop nearly 10 per cent after a year in which profits were flat and the bank was hauled across the coals at the royal commission.

BGA - BEGA CHEESE - down two cents, or 0.33 per cent, to $5.99

CZZ - CAPILANO HONEY - up 21 cents, or 1.02 per cent, to $20.85

The buzz had been Bega Cheese was interested in buying Capilano Honey but the Victorian dairy company is instead selling its stake to a Chinese-focused consortium.

FNP - FREEDOM FOODS - up 29 cents, or 5.62 per cent, to $5.45

Shares in Freedom Foods jumped after the health food manufacturer announced it had joined Alibaba Group-owned Theland to create a range of cereals and snacks in China.

KGN - KOGAN.COM - down 10 cents, or 3.52 per cent, to $2.74

Online retailer Kogan.com is targeting a slice of Australia's $2.7 trillion superannuation industry with its own-brand fund.

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