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Major Market Indices
Actually today was a moderately atypical Friday - although it had the usual low range (12 points or thereabouts) and low volume, it also had some unusual characteristics in that it traded its low about 5 minutes in, and rallied almost non-stop for the rest of the session.
Well, when a market trades in a 12-point (roughly 0.28%) range, you can't speak of upward movement as a "rally" as such... suffice it to say that the market rose pretty much all the way until 3:15 p.m. - then softened as some smart money liquidated futures positions.
The broad market - the ASX All Ordinaries - rose by 7.90 points (0.20%), finishing at 4046.40 points. The index hit an intraday high of 4048.40 and its low was 4036.7. The Index that runs (and is run by) the SFE's Share Price index Futures - the S&P/ASX 200 rose by 7.90 points (0.20%), finishing at 4043.90 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 4.80 points (0.23%), finishing at 2136.30 points. The major winners in the "big guns" were -
- Wesfarmers (WES), +$0.43 (1.11%) to $39.10 on volume of 878,000 shares;
- News Corpse A (NWSLV), +$0.21 (0.96%) to $21.98 on volume of 2.44m shares;
- Commonwealth Bank (CBA), +$0.30 (0.93%) to $32.60 on volume of 2.78m shares;
- Woolworths (WOW), +$0.12 (0.83%) to $14.54 on volume of 1.85m shares; and
- Telstra (TLS), +$0.04 (0.83%) to $4.85 on volume of 17.92m shares;
Fosters (FGL, 1.13% to $5.26, 5.6million shares traded) continues to get punished (rightly) for the hubris of its management in their groin-dominated urge to purchase Southcorp: it led the decliners in the big end of town. I hope that the Board has plenty of their personal dough tied up in the stock. Other decliners included:
- Amcor (AMC), -$0.08 (1.1%) to $7.17 on volume of 3.66m shares;
- QBE Insurance (QBE), -$0.16 (1.05%) to $15.01 on volume of 2.93m shares;
- Alumina (AWC), -$0.06 (0.97%) to $6.10 on volume of 3.8m shares; and
- Rio Tinto (RIO), -$0.34 (0.82%) to $41.25 on volume of 3.58m shares.
Meanwhile, the smaller end of the market's capitalisation scale - the ASX Small Ordinaries - rose by 7.10 points (0.30%), finishing at 2351.10 points. The major winners in the "pop-guns" were -
- Lynas (LYC), +$0.02 (7.41%) to $0.29 on volume of 180,000 shares;
- Kimberley (KIM), +$0.05 (5.68%) to $0.93 on volume of 961,000 shares;
- Perseverance Corp(PSV), +$0.02 (5.56%) to $0.38 on volume of 4.31m shares;
- Norwood Abbey (NAL), +$0.03 (4.84%) to $0.65 on volume of 558,000 shares; and
- Cellestis (CST), +$0.13 (4.53%) to $3.00 on volume of 51,000 shares.
The tail-end Charlies of the small-cap arena were as follows -
- Roc Oil (ROC), -$0.12 (6.49%) to $1.73 on volume of 2.59m shares;
- Dragon (DRA), -$0.02 (5.77%) to $0.25 on volume of 2.9m shares;
- Orbital (OEC), -$0.01 (4.55%) to $0.11 on volume of 674,000 shares;
- Virotec (VTI), -$0.02 (3.7%) to $0.52 on volume of 1.4m shares; and
- Clough (CLO), -$0.02 (3.7%) to $0.52 on volume of 775,000 shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4046.4 | 7.9 | 0.2% | 0 |
| XTL | S&P/ASX 20 | 2136.3 | 4.8 | 0.23% | 0 |
| XFL | S&P/ASX 50 | 3958.1 | 6.7 | 0.17% | 0 |
| XTO | S&P/ASX 100 | 3283.3 | 5.9 | 0.18% | 0 |
| XJO | S&P/ASX 200 | 4043.9 | 7.9 | 0.2% | 0 |
| XKO | S&P/ASX 300 | 4050.9 | 7.7 | 0.19% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4076.7 | 9.4 | 0.23% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2351.1 | 7.1 | 0.3% | 0 |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 189 | 78 |
| Declines | 169 | 74 |
| Advancing Volume | 202.32m | 43.81m |
| Declining Volume | 144.64m | 47.14m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 440 | 100 | 29.41 |
| Declines | 401 | -93 | -18.83 |
| Unchanged | 326 | -21 | -6.05 |
| Total Traded Value | 2130 | -433 | -16.89 |
| New 52 Week Highs | 38 | 7 | 22.58 |
| New 52 Week Lows | 12 | -1 | -7.69 |
| Equity Call Option Volume | 39708 | -937 | -2.31 |
| Equity Put Option Volume | 32987 | -4320 | -11.58 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Information Technology which gained 1.55% to 398.70 points. The sector was helped by
- Computershare (CPU), +$0.13 (2.22%) to $5.98 on volume of 980,000 shares;
- Iress (IRE), +$0.05 (1.25%) to $4.05 on volume of 51,000 shares;
- Baycorp (BCA), +$0.01 (0.32%) to $3.09 on volume of 588,000 shares;
- MYOB (MYO), -$0.00 (0%) to $1.22 on volume of 247,000 shares; and
- Vision Systems (VSL), -$0.00 (0%) to $1.45 on volume of 492,000 shares;
Second in the sector leadership stakes was Utilities which gained 1.20% to 4648.30 points. The sector leaders were -
- Energy Development (ENE), +$0.07 (2.1%) to $3.41 on volume of 100,000 shares;
- AGL (AGL), +$0.28 (2.04%) to $14.00 on volume of 1.54m shares;
- Pacific Hydro (PHY), +$0.05 (1.21%) to $4.17 on volume of 365,000 shares;
- Aust Pipeline Trust (APA), +$0.04 (1.13%) to $3.57 on volume of 73,000 shares; and
- Envestra (ENV), +$0.01 (0.91%) to $1.11 on volume of 402,000 shares;
The bronze today went to Consumer Discretionary which gained 0.88% to 2348.50 points. The sector was led by
- Aristocrat (ALL), +$0.50 (4.93%) to $10.65 on volume of 1.5m shares;
- G.U.D. (GUD), +$0.37 (4.31%) to $8.95 on volume of 312,000 shares;
- Unitab Ltd (UTB), +$0.38 (3.24%) to $12.10 on volume of 127,000 shares;
- Repco Corp (RCL), +$0.09 (2.7%) to $3.42 on volume of 262,000 shares; and
- WA News (WAN), +$0.21 (2.39%) to $8.98 on volume of 130,000 shares;
The worst-performed sector today was Materials which lost 0.37% to 6721.50 points. The sector was dragged lower by
- Paperlinx (PPX), -$0.12 (2.56%) to $4.57 on volume of 2.47m shares;
- Onesteel (OST), -$0.07 (2.49%) to $2.74 on volume of 2.25m shares;
- Newcrest (NCM), -$0.36 (2.1%) to $16.80 on volume of 2.11m shares;
- Iluka Resources (ILU), -$0.13 (2.07%) to $6.16 on volume of 1.14m shares; and
- James Hardie(JHX), -$0.12 (1.68%) to $7.03 on volume of 761,000 shares;
Just in front of the last place on the sector table was Consumer Staples which lost 0.37% to 5398.10 points. The sector was pulled down by
- Coca-Cola Amatil (CCL), -$0.12 (1.51%) to $7.84 on volume of 1.55m shares;
- McGuigan Wines (MGW), -$0.09 (1.5%) to $5.90 on volume of 88,000 shares;
- AWB (AWB), -$0.07 (1.46%) to $4.72 on volume of 449,000 shares;
- Futuris (FCL), -$0.03 (1.34%) to $2.21 on volume of 1.75m shares; and
- Fosters (FGL), -$0.06 (1.13%) to $5.26 on volume of 5.63m shares;
| Code | GICS Sector | Close | +/- | % | Volume |
| XIJ | Information Technology | 398.7 | 6.1 | 1.55% | 3.58m |
| XUJ | Utilities | 4648.3 | 54.9 | 1.2% | 21.09m |
| XDJ | Consumer Discretionary | 2348.5 | 20.5 | 0.88% | 37.12m |
| XTJ | Telecommunications | 1738.4 | 14.5 | 0.84% | 50.32m |
| XEJ | Energy | 7137.6 | 29 | 0.41% | 90.36m |
| XPJ | Property Trusts | 1850.6 | 7.4 | 0.4% | 43.91m |
| XFJ | Financials | 4842.8 | 13.6 | 0.28% | 5.49m |
| XXJ | ASX200 ex Property Trusts | 4838.2 | 12 | 0.25% | 19.44m |
| XNJ | Industrials | 4920.8 | 9.7 | 0.2% | 5.23m |
| XHJ | Healthcare | 4665.4 | -10.2 | -0.22% | 75.57m |
| XSJ | Consumer Staples | 5398.1 | -20.2 | -0.37% | 25.59m |
| XMJ | Materials | 6721.5 | -25.3 | -0.37% | 15.96m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| PNA | Pan Aust Resources | 0.22 | 0.04 | 18.92% | 27.06m |
| CUE | Cue | 0.32 | 0.01 | 1.61% | 26.01m |
| TLS | Telstra | 4.85 | 0.04 | 0.83% | 17.92m |
| KMN | Kings Minerals | 0.28 | 0.01 | 1.85% | 16.41m |
| FCN | Falcon Mining | 0.86 | 0.12 | 16.22% | 13.36m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| PNA | Pan Aust Resources | 0.22 | 0.04 | 18.92% | 27.06m |
| ALU | Altium | 0.36 | 0.04 | 10.77% | 142855 |
| BCL | Betcorp | 0.19 | 0.02 | 8.57% | 140247 |
| LYC | Lynas Corp | 0.29 | 0.02 | 7.41% | 180000 |
| BGF | Ballarat Gldflds | 0.17 | 0.01 | 6.25% | 6.29m |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| BOC | Bougainville | 0.68 | -0.10 | -12.82% | 371263 |
| ROC | ROC Oil Company | 1.73 | -0.12 | -6.49% | 2.59m |
| ERA | Energy Rsc | 7.80 | -0.50 | -6.02% | 5310 |
| DRA | Dragon Min | 0.25 | -0.02 | -5.77% | 2.9m |
| TIR | Titan Rsc | 0.074 | -0.004 | -5.13% | 789019 |
Elsewhere in the Region...
The Kiwi Market was basically unchanged, posting an advance of just 1.25 points (0.04%), and trading in a range of just 8 points (3049.69 to 3057.06) and setting its high with less than a quarter of an hour remaining in the session. Individual stocks that led the market up included...
- The Warehouse Group (WHS), +$0.11 (3.07%) to $3.69 on volume of 856,000 shares;
- Hellaby Holdings (HBY), +$0.20 (2.94%) to $7.00 on volume of 6,000 shares;
- Property For Industries (PFI), +$0.02 (1.9%) to $1.07 on volume of 188,000 shares;
- Kiwi Income Property Trust(KIP), +$0.02 (1.77%) to $1.15 on volume of 1.02m shares;
- Skellmax Industries (SKX), +$0.02 (1.65%) to $1.23 on volume of 49,000 shares; and
- Nuplex Industries (NPX), +$0.09 (1.56%) to $5.85 on volume of 65,000 shares;
Hong Kong's Hang Seng index declined 79.79 points (-0.59%). Individual stocks that contributed to the decline included...
- China Unicom Ltd (0762), -$0.15 (2.38%) to $6.15 on volume of 28.19m shares;
- Henderson Investments (0097), -$0.25 (2.33%) to $10.50 on volume of 1.15m shares;
- CNOOC (0883), -$0.08 (1.84%) to $4.00 on volume of 35.4m shares;
- Citic Pacific (0267), -$0.40 (1.8%) to $21.80 on volume of 3.26m shares;
- Hutchison Whampoa (0013), -$1.25 (1.75%) to $70.00 on volume of 6.31m shares; and
- Wharf Holdings (0004), -$0.40 (1.58%) to $24.95 on volume of 2m shares;
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3055.462 | 1.25 | 0.04% | 49.49m |
| Japan | Nikkei 225 | 11238.37 | -46.4 | -0.41% | 74615 |
| Korea | KOSPI | 919.61 | 10.24 | 1.13% | 454845 |
| Singapore | Straits Times | 2085.39 | 0 | 0% | -na- |
| Hong Kong | Hang Seng | 13463.8 | -79.79 | -0.59% | 265.5m |
| Malaysia | KLSE Comp | 929.72 | -5.81 | -0.62% | -na- |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SP1 | SPI200 Index SFE | 4032 | 1 | 0.02% | 9333 |
| IR1 | 90-day Bank Bills SFE | 94.6 | -0.01 | -0.01% | 10954 |
| YT1 | 3-yr Bond SFE | 94.82 | -0.02 | -0.02% | 26475 |
| XT1 | 10-yr Bond SFE | 94.64 | -0.04 | -0.04% | 7278 |
