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Major Market Indices
Sometimes markets do the same thing, over and over and over.
Like the Australian market; sure, it's overbought... - but it's still not overpriced (and will be even better value once News Corpse buggers off for good). It has a decent aggregate divvie (ex News Corpse) and economic prospects for this region (and this country) are pretty solid - better than for the US, anyhow.
Even with those good fundamentals, the market could do with a 3-week, 5-10% breather just to shake out some nuffnuffs, get some fund mis-managers fired, and generally clear out the cobwebs.
But no.
This thing has to start every day as if it's just finished listening to the entire 30-set Tony Robbins "Unlimited Power" CDs while chewing Ephedrine tablets by the dozen and drinking a litre of short blacks with buku sugar.
And then, reality.
Today was the same template as the whole week: an orgasm at the open, and then an ooze which lasted pretty much all day. The Friday Fade is a well-documented fact of market life - all markets go a bit limp on Friday arvo - but today you could actually sense when everybody went down the pub just by watching volume, which dried up completely at 11:30.
The All Ords leapt out of the blocks like Ben Johnson on speed (the sprinter, not the playwright), but by lunchtime it was behaving like Elliott Goblet on Valium. The chart tells the story; burst, fade...
XAO intraday 5-minute chart
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 8.50 points (0.41%), finishing at 2072.00 points. The major winners in the "big guns" were -
- News Corpse A (NWSLV), +$0.55 (2.44%) to $23.12 on volume of 5.96m shares;
- News Corpse B (NWS), +$0.50 (2.17%) to $23.50 on volume of 7.61m shares;
- AMP (AMP), +$0.10 (1.49%) to $6.80 on volume of 6.08m shares;
- Rio Tinto (RIO), +$0.53 (1.4%) to $38.44 on volume of 1.64m shares; and
- ANZ Bank (ANZ), +$0.15 (0.76%) to $19.85 on volume of 3.28m shares
Meanwhile the following stocks brought up the rear:
- Woolworths (WOW), -$0.23 (1.56%) to $14.55 on volume of 1.35m shares;
- QBE Insurance (QBE), -$0.18 (1.28%) to $13.90 on volume of 898k shares;
- Coles Myer (CML), -$0.05 (0.52%) to $9.56 on volume of 2.19m shares;
- Natl Aust Bank (NAB), -$0.12 (0.43%) to $27.90 on volume of 5.41m shares; and
- St George Bank (SGB), -$0.09 (0.37%) to $24.20 on volume of 784k shares.
Meanwhile, the smaller end of the market's capitalisation scale - the ASX Small Ordinaries - fell by -6.20 points (-0.27%), finishing at 2256.90 points. The major winners in the Clash of the non-Titans (well, Titan Resources is a "Titan" I guess) were -
- Western Areas (WSA), +$0.08 (5.71%) to $1.48 on volume of 120k shares;
- Virotec Intl (VTI), +$0.03 (5.15%) to $0.51 on volume of 102k shares;
- Progen Inds (PGL), +$0.21 (4.83%) to $4.56 on volume of 107k shares;
- Beach Petroleum (BPT), +$0.02 (4.76%) to $0.44 on volume of 925k shares; and
- Technology One (TNE), +$0.03 (4.76%) to $0.66 on volume of 93k shares.
Meanwhile the following stocks brought up the rear of the mini-me brigade:
- Schaffer Corp (SFC), -$0.99 (7.33%) to $12.51 on volume of 53k shares;
- Cellestis (CST), -$0.19 (5.29%) to $3.40 on volume of 428k shares;
- Croesus Min (CRS), -$0.03 (5.26%) to $0.54 on volume of 1.95m shares;
- Austral Coal (AUO), -$0.03 (4.17%) to $0.69 on volume of 1.88m shares; and
- Equigold (EQI), -$0.05 (3.57%) to $1.35 on volume of 551k shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 3911.4 | 12.5 | 0.32% | 724.77m |
| XTL | S&P/ASX 20 | 2072 | 8.5 | 0.41% | 96.59m |
| XFL | S&P/ASX 50 | 3825.3 | 15.7 | 0.41% | 161.24m |
| XTO | S&P/ASX 100 | 3166.6 | 10.9 | 0.35% | 560.18m |
| XJO | S&P/ASX 200 | 3898.5 | 11.6 | 0.3% | 633.78m |
| XKO | S&P/ASX 300 | 3905.2 | 11.4 | 0.29% | 688.07m |
| XMD | S&P/ASX Mid-Cap 50 | 3884.3 | -2.5 | -0.06% | 398.94m |
| XSO | S&P/ASX Small Ordinaries | 2256.9 | -6.2 | -0.27% | 127.89m |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 170 | 65 |
| Declines | 194 | 97 |
| Advancing Volume | 301.78m | 51.01m |
| Declining Volume | 355.71m | 60.51m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 425 | 116 | 37.54 |
| Declines | 443 | -118 | -21.03 |
| Unchanged | 281 | -18 | -6.02 |
| Total Traded Value | 2956 | -209 | -6.6 |
| New 52 Week Highs | 21 | 0 | 0 |
| New 52 Week Lows | 11 | -10 | -47.62 |
| Equity Call Option Volume | 28424 | -16800 | -37.15 |
| Equity Put Option Volume | 21278 | -17943 | -45.75 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Consumer Discretionary which gained 1.51% to 2359.50 points. The sector was helped by
- Millers Retail (MRL), +$0.03 (3%) to $1.03 on volume of 979k shares;
- Aristocrat Leis (ALL), +$0.22 (2.59%) to $8.72 on volume of 1.17m shares;
- News Corp A-Cdi (NWSLV), +$0.55 (2.44%) to $23.12 on volume of 5.96m shares;
- Publish Broadcst (PBL), +$0.38 (2.38%) to $16.38 on volume of 2.68m shares; and
- News Corp B-Cdi (NWS), +$0.50 (2.17%) to $23.50 on volume of 7.61m shares.
Second in the sector leadership stakes was Materials which gained 0.86% to 6352.70 points. The sector leaders were -
- Rinker Group (RIN), +$0.36 (3.64%) to $10.25 on volume of 2.77m shares;
- Bluescope Steel (BSL), +$0.20 (2.5%) to $8.20 on volume of 2.45m shares;
- Onesteel (OST), +$0.06 (2.5%) to $2.46 on volume of 2.28m shares;
- Nufarm (NUF), +$0.20 (2.3%) to $8.90 on volume of 291k shares; and
- Jubilee Mines (JBM), +$0.09 (2.24%) to $4.11 on volume of 494k shares.
The bronze today went to Healthcare which gained 0.61% to 4482.20 points. The sector was led by
- Ventracor (VCR), +$0.05 (3.6%) to $1.44 on volume of 1.98m shares;
- Novogen (NRT), +$0.15 (2.61%) to $5.90 on volume of 71k shares;
- Cochlear (COH), +$0.41 (1.73%) to $24.06 on volume of 275k shares;
- Ramsay Health Care (RHC), +$0.11 (1.62%) to $6.90 on volume of 678k shares; and
- CSLLimited (CSL), +$0.45 (1.62%) to $28.30 on volume of 1.25m shares.
The worst-performed sector today was Consumer Staples which lost 0.55% to 5403.40 points. The sector was dragged lower by
- Futuris Corp (FCL), -$0.11 (5.07%) to $2.06 on volume of 207.35m shares;
- Burns Philp & Co (BPC), -$0.02 (2.3%) to $0.85 on volume of 1.18m shares;
- Woolworths (WOW), -$0.23 (1.56%) to $14.55 on volume of 1.35m shares;
- AWB (AWB), -$0.05 (1.06%) to $4.65 on volume of 1.78m shares; and
- National Food (NFD), -$0.05 (0.84%) to $5.87 on volume of 1.27m shares.
Just in front of the last place on the sector table was Information Technology which lost 0.41% to 361.10 points. The sector was pulled down by
- ERG Limited (ERG), -$0.01 (3.17%) to $0.31 on volume of 2.55m shares;
- IRESS Market (IRE), -$0.11 (2.89%) to $3.69 on volume of 124k shares;
- Infomedia (IFM), -$0.01 (1.3%) to $0.76 on volume of 508k shares;
- MYOB (MYO), -$0.01 (0.73%) to $1.36 on volume of 235k shares; and
- Baycorp Advantage (BCA), -$0.01 (0.32%) to $3.15 on volume of 234k shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XDJ | Consumer Discretionary | 2359.5 | 35.2 | 1.51% | 32.66m |
| XMJ | Materials | 6352.7 | 54.4 | 0.86% | 77.36m |
| XHJ | Healthcare | 4482.2 | 27.2 | 0.61% | 9.5m |
| XNJ | Industrials | 4642.5 | 4.5 | 0.1% | 29.18m |
| XXJ | ASX200 ex Property Trusts | 4640.7 | 2.8 | 0.06% | 152.4m |
| XUJ | Utilities | 4282 | 1 | 0.02% | 4.25m |
| XFJ | Financials | 4655.1 | -1.1 | -0.02% | 206.48m |
| XEJ | Energy | 6722.1 | -6.6 | -0.1% | 21.23m |
| XTJ | Telecommunications | 1738.9 | -2.8 | -0.16% | 14m |
| XPJ | Property Trusts | 1791.7 | -5.6 | -0.31% | 54.09m |
| XIJ | Information Technology | 361.1 | -1.5 | -0.41% | 5.05m |
| XSJ | Consumer Staples | 5403.4 | -30.1 | -0.55% | 234.07m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| FCL | Futuris Corp | 2.06 | -0.11 | -5.07% | 207.23m |
| HHG | HHG Plc | 1.35 | 0.11 | 8.87% | 111.4m |
| JRV | Jervois Mining | 0.016 | 0 | 0% | 48m |
| LIO | Lion Energy | 0.01 | 0 | 0% | 38.2m |
| ADY | Admiralty Resources | 0.034 | 0.01 | 17.24% | 24.33m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| HHG | HHG Plc | 1.35 | 0.11 | 8.87% | 111.4m |
| IHG | Intellect Holdings | 0.03 | 0 | 7.14% | 944888 |
| GGN | Gallery Gold | 0.38 | 0.03 | 7.04% | 1.15m |
| CGX | Central Asia Gold | 0.64 | 0.04 | 6.67% | 280081 |
| PSG | Palm Springs | 0.165 | 0.01 | 6.45% | 301286 |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| CMK | Cumnock Coal | 0.56 | -0.11 | -16.42% | 4200 |
| OMI | Occupational Med | 1.02 | -0.11 | -9.73% | 244379 |
| SFC | Schaffer Corp | 12.51 | -0.99 | -7.33% | 53199 |
| OFM | OFM Investment | 2.29 | -0.15 | -6.15% | 11025 |
| FAN | Fantastic Holdings | 4.9 | -0.3 | -5.77% | 31579 |
Elsewhere in the Region...
The table below says that the Nikkei was up for the day, but the table below was collated at the close of the Australian session; as the chart below shows, the Nikkei fell out of bed in a rather handy was shortly after 5 p.m. our time.
Nikkei intraday 5-minute chart
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 2981.889 | 4.39 | 0.15% | 14.65m |
| Japan | Nikkei 225 | 10786.99 | 10.36 | 0.1% | 139660 |
| Korea | KOSPI | 844.84 | -16.47 | -1.91% | 253615 |
| Singapore | Straits Times | 2013.62 | 14.48 | 0.72% | 51.48m |
| Hong Kong | Hang Seng | 13914.19 | -94.63 | -0.68% | 163.39m |
| Malaysia | KLSE Comp | 898.92 | 3.94 | 0.44% | 17.19m |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SPI04Z | SPI200 Index SFE | 3897 | 3 | 0.08% | 23340 |
| IR04Z | 90-day Bank Bills SFE | 94.65 | -0.01 | -0.01% | 24372 |
| YT04Z | 3-yr Bond SFE | 94.99 | -0.05 | -0.05% | 76538 |
| XT04Z | 10-yr Bond SFE | 94.8 | -0.04 | -0.04% | 92252 |
