Stocks to watch at close on Friday
STOCKS to watch on the Australian stock exchange at close on Friday: steady at $5.10 down 28 cents at $27.75 down $1.17 at $66.93 down 54 cents at $30.25 down 43 cents at $30.57 The federal government has announced a raft of superannuation changes, including a tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent.
Stocks ended mostly higher Monday ahead of a flurry of earnings reports that could determine whether the economy is really getting better, as investors have been hoping over the past month as they plunged money back into the market.Early signs were promising.