Stocks to watch on the Australian stock exchange at the close on Tuesday:
AGO - ATLAS IRON - down 2.5 cents, or 2.3 per cent, at $1.06
Atlas Iron is confident that the iron ore price will trade around $US120 per tonne over the next half year as Chinese demand continues to hold up.
AVJ - AVJENNINGS - up 4.5 cents, or 7.5 per cent, at 64.5 cents
Home builder AV Jennings is back in the black, making an $8.4 million profit in the six months to December 31.
BRL - BATHURST RESOURCES - down 5.6 cents, or 40 per cent, at 8.4 cents
Coal miner Bathurst Resources is making 29 staff redundant as it rides out the lowest world prices for coking coal in the last nine years and it delays production from its controversial Escarpment open-cut mine near Westport.
CAB - CABCHARGE - up 24 cents, or six per cent, at $4.27
Taxi payments company Cabcharge says improved economic conditions and the growing popularity of `tap-and-go' card technology contributed to an eight per cent rise in its half year profit.
CHC - CHARTER HALL GROUP - in a trading halt, last traded at $3.94
Property investor Charter Hall has lifted its half year earnings and aims to raise $140 million to pay down debt through the issue of new securities to institutional shareholders.
GNC - GRAINCORP - down four cents, or 0.5 per cent, at $7.77
GrainCorp expects its yearly profit to tumble as drought conditions in Queensland and northern NSW hit grain volumes.
OSH - OIL SEARCH - in a trading halt, last traded at $8.57
Oil Search has gone into a trading halt ahead of an acquisition announcement and the release of its 2013 financial results.
QAN - QANTAS AIRWAYS - up 0.5 cents, or 0.4 per cent, at $1.235
Qantas is refusing to confirm or deny reports it will axe up to 5,000 jobs as part of its efforts find $2 billion in savings.
Meanwhile, federal transport minister Warren Truss says the government is drafting laws to allow Qantas to be majority foreign-owned.
QBE - QBE INSURANCE - up 62 cents, or 5.3 per cent, at $12.27
QBE boss John Neal says it will take some time to turn around the insurance giant from its first full year loss since the September 11 attacks in the US.
RHC - RAMSAY HEALTH CARE - up $2.98, or 6.7 per cent, at $47.54
Australia's largest private hospitals operator, Ramsay Health Care, is looking forward to more expansion overseas, particularly in Asia.