AAP
Stocks to watch on the Australian stock exchange at close:
AGK - AGL ENERGY LTD - up nine cents to $14.97
New Zealand electricity generator Meridian Energy Ltd has entered a joint venture with AGL Energy to build the $A800 million Macarthur Wind Farm in south-western Victoria.
BHP - BHP BILLITON LTD - down 14 cents to $43.16
BHP Billiton is cautious about the state of the world economy and is warning governments to be careful about tax changes and winding back stimulus packages.
CBH - CBH RESOURCES LTD - up 0.5 cents to 19 cents
CBH Resources' independent board committee has recommended Toho Zinc Co's bid for a stake in 49.9 per cent of the miner.
IIN - IINET LTD - steady at $2.45
Internet service provider iiNet Ltd says it is confident it will not only succeed in defending an appeal in its legal stoush over illegal downloading but that it will emerge in an even stronger position.
KMD - KATHMANDU HOLDINGS LTD - up 17 cents to $1.91
Outdoor gear retailer Kathmandu Holdings has reported a net loss of $NZ11.3 million ($A8.68 million) in its inaugural half year as a listed company, including the cost of its initial public offering, and confirmed guidance for full year earnings.
MCC - MACARTHUR COAL LTD - up 30 cents to $12.30
A quarterly pricing system for metallurgical coal looks more likely to be adopted permanently after Macarthur Coal Ltd said it would use short-term pricing in the next 12 months.
SIP - SIGMA PHARMACEUTICALS LTD - suspended from trading, last traded at 90 cents
Drugs maker and distributor supplier Sigma Pharmaceuticals says it looks unlikely that it will be able to pay a dividend in the second half of its fiscal year due to a material reduction in the carrying amount of goodwill and writedowns.
