Stocks to watch

MGC - MG UNIT TRUST - steady at 92 cents

Independent expert KPMG says Canadian dairy giant Saputo's proposed $1.3 billion takeover of troubled Australian dairy processor Murray Goulburn is fair and reasonable.

NWS - NEWS CORP - down 20 cents, or 0.9 per cent, at $21.25

News Corp is offloading a football highlights mobile app in a deal that will give it a stake in a video service co-owned by nine of the world's top clubs.

SMP - SMARTPAY - up 3.5 cents, or 17.95 per cent, at 23 cents

Shares in the payment provider continue to rise after Smartpay announced on Tuesday a deal with Chinese giant Alipay that it hopes will give it access to the burgeoning Chinese tourist market.