Analysts said, although the situation has been there for months, it is only now that the miners have acknowledged the fact that a single-digit export growth for the commodities sector could indeed hamper earnings this year.
Stocks to watch on the Australian stock exchange at close on Wednesday :
AMC - AMCOR LTD - up six cents at $7.03
Packaging maker Amcor has paid $19.8 million for a flexible packaging business in India.
DJS - DAVID JONES LTD - down 30 cents at $2.43
David Jones says first half profit fell 19.6 per cent but it has forecast a 35 to 40 per cent fall in profit in fiscal 2012.
FMG - FORTESCUE METALS GROUP LTD - up 14 cents at $6.06
Campbell Newman has refused to say if a Liberal National Party (LNP) government will back a possible High Court challenge to the federal government's mining tax.
HTA - HUTCHISON TELECOMMUNICATIONS AUSTRALIA LTD - up 0.7 cents at 4.9 cents
The former head of Vodafone in Japan and the United Kingdom has been appointed chief executive of Vodafone Hutchison Australia (VHA).
KMD - KATHMANDU HOLDINGS LTD - down 24 cents at $1.25
Kathmandu shares have fallen sharply at the open after the outdoor equipment and clothing retailer reported a big fall in first half profit.
ORL - OROTONGROUP LTD - down 32 cents at $8.70
Fashion retailer Oroton Group has defied the retail sector's gloom and lifted its first half profit by four per cent.
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