Stocks to watch on the Australian stock exchange on Friday, Jan 31:
BPT - BEACH ENERGY - down three cents, or 2.1 per cent, at $1.405
Oil and gas explorer Beach Energy has upwardly revised its oil production and capital expenditure forecasts.
BSL - BLUESCOPE STEEL - down five cents, or 0.9 per cent, at $5.45
HIL - HILLS - up four cents, or 2.3 per cent, at $1.75
BlueScope Steel has received approval to buy one of its competitors in the building products market.
CCL - COCA-COLA AMATIL - down 11 cents, or 0.9 per cent, at $11.79
A Liberal MP has called on Prime Minister Tony Abbott and his cabinet to approve a $25 million handout to fruit processor SPC Ardmona, calling the decision a "no-brainer".
FMG - FORTESCUE METALS - down seven cents, or 1.3 per cent, at $5.23
Fortescue Metals Group is expected to post its quarterly production report on Thursday.
NVT - NAVITAS - up 14 cents, or 2.2 per cent, at $6.57
English language courses group Navitas has lifted its profit by three per cent.
ORI - ORICA - up 17 cents, or 0.7 per cent, at $23.45
Explosives, mining services and chemicals supplier Orica is reviewing the future of its non-mining chemicals business.
TWE - TREASURY WINE ESTATES - down 91 cents, or 20 per cent, at $3.64
Treasury Wine Estates has downgraded its full year earnings guidance in the wake of with weaker than expected sales in Australian and China.