Interdum stultus opportuna loquitur...

Friday, December 03, 2004

OzRant: More Interesting than it Looked.

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

Major Market Indices

The All Ordinaries had a crack at breaking upwards for about the first ten minutes of the day, and then decided "Bugger this - it's Friday, so we may as well head down the pub".

From 10:30 onwards, the entire day's trade took place in a 7-AllOrds-point range; that's not to say it wasn't pretty tough sledding for all the folks who've been buyers of Resources stocks just lately (hint: a few years ago, the same fund mis-managers thought that techs were going to the sky... we know how that ended).

Check out the chart below - you would think it was a really dull day (and you would be right if you were talking about index futures traders, who would've been getting cut to shreds trying to scalp enough for a lunch... at Macca's).

All Ordinaries 2-minute Intraday Chart

Looking at the chart, it looks like someone got back at 3 p.m. from the industry-standard Friday 13-course lunch (12 pots and a packet of chips) and leant on their keyboard... either that, or someone's betting on a good Payrolls report in the US tonight.

As I said, it looks boring as bat-squit, but under the surface there was some interesting stuff happening.

XAOAll Ordinaries3951.4-3.7-0.09%522.92m
XTLS&P/ASX 202100.6-1.7-0.08%97.42m
XFLS&P/ASX 503865.8-1.8-0.05%181.86m
XTOS&P/ASX 1003198-0.8-0.03%311.79m
XJOS&P/ASX 2003939.5-2.4-0.06%397.02m
XKOS&P/ASX 3003947.7-2.6-0.07%483.44m
XMDS&P/ASX Mid-Cap 503906.33.70.09%129.92m
XSOS&P/ASX Small Ordinaries2305.3-10.8-0.47%171.66m

All Ordinaries Market Internals

See - I told you it was interesting; decliners starting to edge upward (relative to advancers)... more volume in decliners too.

Ok - so maybe that's not that interesting.

Advancing Volume138217927
Declining Volume276872313

Broad Market Internals

the XAO internals were pretty much reflected across the remainder of the market (because the XAO includes about 90% of all market capitalisation anyhow). The put-call ratio was pretty much unchaged from yesterday.

Total Traded Value ($m)2636-358-11.96
New 52 Week Highs49-27-35.53
New 52 Week Lows1318.33
Equity Call Option Volume33332-5084-13.23
Equity Put Option Volume23372-3971-14.52

S&P/ASX200 GICS Sector Indices

Consumer Staples - hated, loathed title for a sector - was the clear sector winner today, as Coles (CML +1.53%) and Woolies (WOW +1.63%) went on a little run. Of course we have to remember that only the bits of the company that sell Consumer Staples rose... I hate that name (have I mentioned that whoever invented the term was a dickhead?).

The recent fall in oil prices meant that the Energy sector was the recipient of the "buttered carrot" (this won't hurt a bit"...

  • Santos (STO, down 4.32% to $8.42);
  • Origin Energy (ORG, down 1.45% to $6.79).

And companies with exposure to Gold, and broader resources exposure (remember - before the GICS wank-a-thon they used to be called "Diversified Resources") also had a tough time -

  • Lihir Gold (LHG, down 3.91% to $1.23);
  • Oxiana Resources (OXR, down 2.83% to 1.03);
  • Newcrest (NCM, down 2.31% to $16.90);
  • BHP Billiton (BHP, down 1.48% to $15.28);

Healthcare was helped a lot by CSL, which signed a deal with the government. Governments are very stupid, and always waiting for sensible people to take more than they deserve from every deal... but unless the goverment is going to order everyone to bathe in blood, CSL's multiple is not going to be brought down much as a result of any taxpayer-subsidised profit increases from this deal... still, it gave the spruikers something to tout, and where would the ticket-clippers be without their trusty touts?

CodeGICS SectorClose+/-%Volume
XSJConsumer Staples5422.877.91.46%30.69m
XXJASX200 ex Property Trusts4658.812.90.28%53.47m
XPJProperty Trusts1787.9-1.7-0.09%63.06m
XDJConsumer Discretionary2359.2-4.7-0.2%43.11m
XIJInformation Technology363.1-4.7-1.28%10.44m

All Ordinaries Volume Leaders

In the table below, note that there is an error in the company name for ASX code CEUCA. It says "ConnectEast", but the company is correctly referred to as

"Steve Bracks, you call yourself a Catholic, but you lied your parasitic vermin head off about this. I hope there IS a Hell, you fraud"... Limited.

JRVJervois Mining0.01400%68.86m
CMXClimax Mining0.1450.0431.82%30.75m
GGLGribbles Group0.6200%21.07m
BHPBHP Billiton15.28-0.23-1.48%18.43m

All Ordinaries Top Gainers

ADAAdacel Tech0.370.0513.85%172028
CTYCountry Road1.90.158.57%625
ERAEnergy Rsc6.30.35%17536
MBPMetabolic Pharma1.940.084.3%842910

All Ordinaries Top Losers

IHGIntellect Hldgs0.03-0.01-16.67%2.42m
LYCLynas Corp0.32-0.05-13.51%313436
BDGBendigo Min1.03-0.11-9.65%2.46m
SSTSteamships Tradg2.9-0.3-9.38%5624
TIRTitan Rsc0.195-0.02-9.3%634547

Next Week's Ex-Dividend Calendar

Here's a list of companies that go ex-Dividend next week - it may pay to check with another source it at this stage before doing anything based solely on the table below, as I'm still in the process of refining the data-capture method. All care, no responsibility, not my fault iof your jacket gets ruined at the dryclears... that sort of thing.

DateStock CodeCompany NameDiv (cents/share)
Mon, 06-DecCFSChieftain Securities8.12
Mon, 06-DecCTNContango Microcap4
Mon, 06-DecFFIFFI Holdings7.25
Mon, 06-DecGNCGraincorp Ltd14
Mon, 06-DecLNNLion Nathan Ltd15
Mon, 06-DecMOBMobile Innovations6
Tue, 07-DecVKIViking Industries2.1
Thu, 09-DecBETBelmont Holdings11
Thu, 09-DecIGOIndependence Group5
Thu, 09-DecLCELondon City Equity Ltd1
Thu, 09-DecTATTat Hong Holdingsn/a

Elsewhere in the Region...

New ZealandNZSE503009.465-4.02-0.13%18.39m
JapanNikkei 22511074.01100.940.92%59497
SingaporeStraits Times2066.343.580.17%58.75m
Hong KongHang Seng14237.63-24.16-0.17%226.85m
MalaysiaKLSE Comp916.12-3.85-0.42%33.9m

Main SFE Futures Contracts

SPI04ZSPI200 Index SFE396030.08%10889
IR04Z90-day Bank Bills SFE94.72-0.01-0.01%16898
YT04Z3-yr Bond SFE95-0.02-0.02%38258
XT04Z10-yr Bond SFE94.71-0.04-0.04%13579
Note to self - put "tomorrow's pivots" in to the SFE section.