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Major Market Indices
Yet again, the market attempted to open with a hiss and a roar - based on the leadership coming out of the US and nothing more. Yet again (in recent days) the thing couldn't hold water to save itself, and the morning rally was finished when the last nuffnuff had shot his intraday bolt. The chart is getting downright predictable (although the closing micro-rally was a little bit of a surprise).
XAO 5-min intraday chart
The "heavy hitters" of the Australian market - the ASX 20 Leaders - fell by 8.40 points (0.41%), finishing at 2063.50 points. The major winners in the "big guns" were -
- Amcor (AMC), +$0.14 (2.05%) to $6.97 on volume of 11.92m shares;
- Woodside Petrolm (WPL), +$0.27 (1.41%) to $19.41 on volume of 1.48m shares;
- Foster'S Group (FGL), +$0.04 (0.74%) to $5.46 on volume of 4.25m shares;
- Qbe Insurance (QBE), +$0.08 (0.57%) to $14.08 on volume of 1.3m shares; and
- Westfield Group (WDC), +$0.06 (0.38%) to $15.81 on volume of 2.94m shares.
The damage to the worst-performed stocks was pretty mild -
- Wesfarmers (WES), -$0.49 (1.33%) to $36.36 on volume of 1.31m shares;
- Amp (AMP), -$0.09 (1.33%) to $6.70 on volume of 4.8m shares;
- Bhp Billiton (BHP), -$0.18 (1.22%) to $14.57 on volume of 29.56m shares;
- Rio Tinto (RIO), -$0.41 (1.07%) to $37.91 on volume of 2.79m shares; and
- Anz Banking Grp (ANZ), -$0.20 (1.01%) to $19.70 on volume of 4.51m shares.
At the smaller end of the market's capitalisation scale,the ASX Small Ordinaries fell by 4.70 points (0.21%), finishing at 2263.10 points. The major winners in the "pop-guns" were -
- Gasnet Australia (GAS), +$0.17 (6.72%) to $2.70 on volume of 738,000 shares;
- Tower (TWR), +$0.10 (5.49%) to $1.92 on volume of 783,000 shares;
- Henry Walker Elt (HWE), +$0.02 (4.88%) to $0.43 on volume of 5.08m shares;
- Kimberley Diamonds (KIM), +$0.04 (4.55%) to $0.92 on volume of 687,000 shares; and
- Vision Systems (VSL), +$0.04 (3.64%) to $1.14 on volume of 244,000 shares.
Meanwhile the following stocks brought up the rear of the small-cap brigade:
- Lynas Corp (LYC), -$0.03 (8.2%) to $0.28 on volume of 276,000 shares;
- Arc Energy (ARQ), -$0.09 (6.52%) to $1.29 on volume of 1.51m shares;
- Progen Inds (PGL), -$0.30 (6.45%) to $4.35 on volume of 82,000 shares;
- Multiemedia Com (MUL), -$0.00 (6.45%) to $0.03 on volume of 10.69m shares; and
- SP Telemedia (SOT), -$0.10 (4.81%) to $1.98 on volume of 143,000 shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 3898.9 | -10.9 | -0.28% | 559.79m |
| XTL | S&P/ASX 20 | 2063.5 | -8.4 | -0.41% | 116.45m |
| XFL | S&P/ASX 50 | 3809.6 | -11.9 | -0.31% | 211.28m |
| XTO | S&P/ASX 100 | 3155.7 | -9.5 | -0.3% | 348.75m |
| XJO | S&P/ASX 200 | 3886.9 | -10.8 | -0.28% | 455.83m |
| XKO | S&P/ASX 300 | 3893.8 | -11.4 | -0.29% | 505.43m |
| XMD | S&P/ASX Mid-Cap 50 | 3886.8 | -8.8 | -0.23% | 137.47m |
| XSO | S&P/ASX Small Ordinaries | 2263.1 | -4.7 | -0.21% | 156.68m |
Major Index Market Internals
All things considered, it's a pretty good outcome for the market to be down under a dozen points when the market breadth was so abominable; almost 2 stocks fell for each stock that rose, and likewise the negative tilt prevailed in the volume statistics.
| XAO | XSO | |
| Advances | 144 | 61 |
| Declines | 221 | 101 |
| Advancing Volume | 170.18m | 41.92m |
| Declining Volume | 315.88m | 90.26m |
Broad Market Internals
Over the entire market, the advance/decline stats were slightly better than they were for the two "benchmark" indices above. this, I think, reflects some strength amongst small, highly speculative stocks which are not contained in the Small Caps index, but nonetheless are captured in the "whole of market" figures.
Those of you who were around in 1999 will remember the good old days, when stocks like Deepgreen Minerals (DGM) and Richfield Resources (RRN) were punted for millions of shares a day based on the idea that they were to be "shelled out" to technology companies. It happened (DGM became Kidz.net and RRN became EhYou.com.au), but it sure didn't give investors what they expected (it helped the bank account of the chatroom touts though!!)
The same sort of punter-mentality is surfacing again; the touts will always have a great story for the unwary.
| Indicator | Level | +/- | % |
| Advances | 309 | 44 | 16.6 |
| Declines | 561 | -126 | -18.34 |
| Unchanged | 299 | 45 | 17.72 |
| Total Traded Value | 3110 | -427 | -12.07 |
| New 52 Week Highs | 21 | -6 | -22.22 |
| New 52 Week Lows | 21 | 4 | 23.53 |
| Equity Call Option Volume | 45224 | 8581 | 23.42 |
| Equity Put Option Volume | 39221 | -4342 | -9.97 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Healthcare which gained 0.63% to 4455.00 points. The sector was helped by
- DCA Group (DVC), +$0.12 (3.55%) to $3.50 on volume of 2.59m shares;
- CSL Limited (CSL), +$0.90 (3.44%) to $27.10 on volume of 671,000 shares;
- Novogen (NRT), +$0.09 (1.57%) to $5.84 on volume of 230,000 shares;
- Cochlear (COH), +$0.36 (1.56%) to $23.41 on volume of 186,000 shares; and
- Sigma Company (SIG), +$0.05 (0.54%) to $9.25 on volume of 111,000 shares.
Second in the sector leadership stakes was Information Technology which gained 0.39% to 362.60 points. The sector leaders were -
- Vision System (VSL), +$0.04 (3.64%) to $1.14 on volume of 244,000 shares;
- Baycorp Advantag (BCA), +$0.07 (2.27%) to $3.16 on volume of 648,000 shares;
- Iress Market (IRE), +$0.07 (1.88%) to $3.80 on volume of 118,000 shares;
- Myob (MYO), +$0.01 (0.74%) to $1.37 on volume of 257,000 shares; and
- Infomedia (IFM), -$0.00 (0%) to $0.77 on volume of 809,000 shares.
The bronze today went to Property Trusts which gained 0.39% to 1797.30 points. The sector was led by
- Thakral Holdings (THG), +$0.02 (2.7%) to $0.76 on volume of 114,000 shares;
- Bunnings Whse (BWP), +$0.03 (1.65%) to $1.85 on volume of 100,000 shares;
- Multiplex Group (MXG), +$0.06 (1.07%) to $5.69 on volume of 948,000 shares;
- Macq Goodman Ind (MGI), +$0.02 (0.93%) to $2.17 on volume of 1.36m shares; and
- Ing Industrial (IIF), +$0.02 (0.92%) to $2.19 on volume of 551,000 shares.
The worst-performed sector today was Materials which lost 0.77% to 6298.30 points. The sector was dragged lower by
- Portman (PMM), -$0.12 (4.23%) to $2.72 on volume of 1.35m shares;
- Oxiana (OXR), -$0.03 (3.19%) to $0.91 on volume of 16.61m shares;
- Lihir Gold (LHG), -$0.03 (2.61%) to $1.12 on volume of 22.73m shares;
- Excel Coal (EXL), -$0.11 (2.39%) to $4.50 on volume of 1.26m shares; and
- Zinifex (ZFX), -$0.05 (2.33%) to $2.10 on volume of 4.87m shares.
Just in front of the last place on the sector table was Consumer Discretionary which lost 0.61% to 2324.30 points. The sector was pulled down by
- Housewares Intl (HWI), -$0.09 (3.4%) to $2.56 on volume of 96,000 shares;
- Pacific Brands (PBG), -$0.10 (3.13%) to $3.09 on volume of 5.13m shares;
- Austereo Group (AEO), -$0.05 (2.92%) to $1.66 on volume of 592,000 shares;
- Macq Comm Infras (MCG), -$0.14 (2.53%) to $5.40 on volume of 3.39m shares; and
- Jb Hi-Fi (JBH), -$0.08 (2.17%) to $3.60 on volume of 1.07m shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XHJ | Healthcare | 4455 | 27.9 | 0.63% | 10.54m |
| XIJ | Information Technology | 362.6 | 1.4 | 0.39% | 4.27m |
| XPJ | Property Trusts | 1797.3 | 6.9 | 0.39% | 66.38m |
| XSJ | Consumer Staples | 5433.5 | 1.3 | 0.02% | 28.23m |
| XTJ | Telecommunications | 1741.7 | -1.3 | -0.07% | 19.2m |
| XFJ | Financials | 4656.2 | -4 | -0.09% | 115.16m |
| XEJ | Energy | 6728.7 | -6 | -0.09% | 34.52m |
| XXJ | ASX200 ex Property Trusts | 4637.9 | -10.4 | -0.22% | 48.77m |
| XUJ | Utilities | 4281 | -20 | -0.47% | 5.84m |
| XNJ | Industrials | 4638 | -21.7 | -0.47% | 36.2m |
| XDJ | Consumer Discretionary | 2324.3 | -14.3 | -0.61% | 45.98m |
| XMJ | Materials | 6298.3 | -48.8 | -0.77% | 155.89m |
All Ordinaries Volume Leaders
[Commentary]
| Code | Name | Close | +/- | % | Volume |
| JRV | Jervois Mining | 0.016 | 0.01 | 45.45% | 326.83m |
| INT | Intermoco | 0.08 | -0.01 | -15.22% | 32.72m |
| BHP | Bhp Billiton | 14.57 | -0.18 | -1.22% | 29.56m |
| EGO | Empire Oil & Gas | 0.01 | 0 | -9.09% | 28.56m |
| FCN | Falcon Minerals | 0.79 | 0.11 | 16.18% | 27.23m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| OTT | Open Telecomms | 0.315 | 0.05 | 16.67% | 50000 |
| GAS | Gasnet Australia | 2.7 | 0.17 | 6.72% | 738285 |
| SST | Steamships Trading | 3.2 | 0.2 | 6.67% | 5771 |
| TWR | Tower | 1.92 | 0.1 | 5.49% | 782506 |
| HWE | Henry Walker Eltin | 0.43 | 0.02 | 4.88% | 5.08m |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| LYC | Lynas Corp | 0.28 | -0.03 | -8.2% | 275986 |
| IGO | Independence Group | 1.15 | -0.09 | -7.26% | 256443 |
| SED | Sedimentary | 0.26 | -0.02 | -7.14% | 765500 |
| ABI | Ambri | 0.14 | -0.01 | -6.9% | 825100 |
| IHG | Intellect Hldgs | 0.028 | 0 | -6.67% | 1.27m |
Elsewhere in the Region...
Japan down hard, and the rst of the region pretty much as tame as our market.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 2977.496 | -13.66 | -0.46% | 28.2m |
| Japan | Nikkei 225 | 10766.96 | -174.41 | -1.59% | 57699 |
| Korea | KOSPI | 864.14 | -7.6 | -0.87% | 207572 |
| Singapore | Straits Times | 2016.03 | -4.63 | -0.23% | 69.64m |
| Hong Kong | Hang Seng | 13992.38 | -29.94 | -0.21% | 276.42m |
| Malaysia | KLSE Comp | 898.5 | -3.8 | -0.42% | 29.7m |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SPI04Z | SPI200 Index SFE | 3894 | 5 | 0.13% | 18435 |
| IR04Z | 90-day Bank Bills SFE | 94.65 | -0.07 | -0.07% | 56833 |
| YT04Z | 3-yr Bond SFE | 95.04 | -0.03 | -0.03% | 110822 |
| XT04Z | 10-yr Bond SFE | 94.84 | 0.03 | 0.03% | 31690 |
