Stocks to watch at close on Friday

STOCKS to watch on the Australian stock exchange at the close on Friday:

IAG - INSURANCE AUSTRALIA GROUP - down seven cents, or 1.2 per cent, at $5.81

WES - WESFARMERS - down 54 cents, or 1.3 per cent, at $41.25Insurance Australia Group's (IAG) $1.85 billion purchase of Wesfarmers' insurance underwriting business will go ahead after the sale cleared its final regulatory hurdle.MTR - MANTRA GROUP - down two cents, or 1.1 per cent, at $1.78Shares in Australia's second largest hotel and resort operator have fallen since it listed on the Australian Securities Exchange on Friday.STO - SANTOS - down 34 cents, or 2.4 per cent, at $14.15Australia's Santos and French partner GDF Suez have scrapped plans to build a multibillion dollar floating gas plant off Darwin's coast.WDC - WESTFIELD GROUP - up one cent, or 0.01 per cent, at $10.82WRT - WESTFIELD RETAIL TRUST - steady at $3.21Westfield's $70 billion restructure will go ahead after the shopping centre giant secured enough shareholder support to get the controversial move over the line.

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