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Major Market Indices
The broad market - the ASX All Ordinaries - rose by 44.80 points (1.10%), finishing at 4101.20 points- marking the first time the All Ordinaries had ever traded or closed above that level. The index hit an intraday high of 4106.00 and its low was 4061.50. The Index that runs (and is run by) the SFE's Share Price index Futures - the S&P/ASX 200 rose by 49.80 points (1.23%), finishing at 4105.70 points, and posted a new all-time high of 4110 points.
Advancers outnumbered decliners by a touch under 2:1, and volume was tilted by over 3:1 in favour of advancing stocks. It will be very informative to check out this week's ASX short interest data (which is released next Wednesday, if memory serves); this doesn't feel like anything remotely constructive: for a start half of the strength in stocks like ANZ were the result of broker upgrades: any market where brokerage analysis is taken seriously, is a market that's in the grips of lunacy.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 27.70 points (1.29%), finishing at 2173.10 points. The major winners in the "big guns" were -
- Woolworths (WOW), +$0.34 (2.35%) to $14.79 on volume of 3.16m shares;
- Alumina (AWC), +$0.14 (2.33%) to $6.16 on volume of 4.04m shares;
- BHP Billiton (BHP), +$0.36 (2.25%) to $16.38 on volume of 13.82m shares;
- Coles Myer (CML), +$0.20 (2.17%) to $9.40 on volume of 4.64m shares; and
- ANZ Bank (ANZ), +$0.42 (2.08%) to $20.65 on volume of 6.12m shares;
Fosters continues to be treated as it should be - namely, like a company whose management has lost the plot. Anyone who bothered to look at their earnings release for last year will note that the Wine division - on which they seem to be pinning hopes - showed some pretty pathetic results. But since most people don't look hard at segment ROC and ROE, most people missed that...
- Fosters (FGL), -$0.06 (1.15%) to $5.14 on volume of 8.16m shares;
- Woodside (WPL), -$0.09 (0.44%) to $20.49 on volume of 1.55m shares;
- AMP (AMP), -$0.03 (0.39%) to $7.58 on volume of 5.15m shares;
- Amcor (AMC), -$0.02 (0.28%) to $7.14 on volume of 3.99m shares; and
- Rio Tinto (RIO), -$0.06 (0.14%) to $43.19 on volume of 4.08m shares;
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries rose by 20.10 points (0.85%), finishing at 2377.90 points. The major winners in the "pop-guns" were -
- Lynas (LYC), +$0.04 (11.48%) to $0.34 on volume of 6.41m shares;
- Virotec (VTI), +$0.06 (11.32%) to $0.59 on volume of 870,000 shares;
- Pacific Hydro (PHY), +$0.29 (6.92%) to $4.48 on volume of 2.17m shares;
- Vision Systems (VSL), +$0.10 (6.85%) to $1.56 on volume of 661,000 shares; and
- Macquarie Goodman (MGM), +$0.22 (5.54%) to $4.19 on volume of 422,000 shares.
The small-cap losers were led by:
- Petsec (PSA), -$0.06 (4.8%) to $1.19 on volume of 340,000 shares;
- Orbital Engine(OEC), -$0.01 (4.76%) to $0.10 on volume of 376,000 shares;
- Metabolic Pharma (MBP), -$0.05 (4.42%) to $1.08 on volume of 1.8m shares;
- Giants Reef (GTM), -$0.00 (3.66%) to $0.08 on volume of 6.34m shares; and
- Gene Tech (GTG), -$0.02 (3.51%) to $0.55 on volume of 289,000 shares.
| Code | Name | Close | +/- | % |
| XAO | All Ordinaries | 4101.2 | 44.8 | 1.1% |
| XTL | S&P/ASX 20 | 2173.1 | 27.7 | 1.29% |
| XFL | S&P/ASX 50 | 4022.5 | 50.6 | 1.27% |
| XTO | S&P/ASX 100 | 3334.3 | 41.2 | 1.25% |
| XJO | S&P/ASX 200 | 4105.7 | 49.8 | 1.23% |
| XKO | S&P/ASX 300 | 4112.3 | 49.3 | 1.21% |
| XMD | S&P/ASX Mid-Cap 50 | 4122.2 | 45.1 | 1.11% |
| XSO | S&P/ASX Small Ordinaries | 2377.9 | 20.1 | 0.85% |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 240 | 96 |
| Declines | 128 | 60 |
| Advancing Volume | 371.31m | 61.57m |
| Declining Volume | 108.28m | 42.91m |
Broad Market Internals
Look at all those calls that were written today - somebody thinks that calls are worth writing at this level, and I agree with them whole-heartedly. And of course the biggest suckers in the business - breakout buyers - will fall for the overpriced calls in droves.
| Indicator | Level | +/- | % |
| Advances | 498 | 51 | 11.41 |
| Declines | 380 | -70 | -15.56 |
| Unchanged | 322 | ||
| Total Traded Value | 3294 | ||
| New 52 Week Highs | 62 | ||
| New 52 Week Lows | 13 | ||
| Equity Call Option Volume | 61525 | ||
| Equity Put Option Volume | 51962 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was ASX200 Financials ex Property Trusts which gained 1.57% to 4914.40 points. The sector was helped by
- Insurance Australia Group (IAG), +$0.31 (4.89%) to $6.65 on volume of 3.49m shares;
- Promina (PMN), +$0.19 (3.65%) to $5.40 on volume of 3.42m shares;
- Perpetual (PPT), +$2.00 (3.13%) to $66.00 on volume of 58,000 shares;
- SFE Corp (SFE), +$0.28 (2.88%) to $10.00 on volume of 374,000 shares; and
- Sun Met (SUN), +$0.44 (2.45%) to $18.40 on volume of 1.62m shares.
Second in the sector leadership stakes was Financials which gained 1.49% to 4918.10 points. The sector leaders were -
- Macquarie Goodman Industrial (MGI), +$0.12 (5.22%) to $2.42 on volume of 6.55m shares;
- Insurance Australia Group (IAG), +$0.31 (4.89%) to $6.65 on volume of 3.49m shares;
- ING Industrial Trust (IIF), +$0.08 (3.92%) to $2.12 on volume of 2.77m shares;
- Promina (PMN), +$0.19 (3.65%) to $5.40 on volume of 3.42m shares; and
- Perpetual (PPT), +$2.00 (3.13%) to $66.00 on volume of 58,000 shares.
The bronze today went to Information Technology which gained 1.48% to 396.90 points. The sector was led by
- Vision Systems (VSL), +$0.10 (6.85%) to $1.56 on volume of 661,000 shares;
- Baycorp (BCA), +$0.08 (2.62%) to $3.13 on volume of 261,000 shares;
- Myob (MYO), +$0.03 (2.56%) to $1.20 on volume of 172,000 shares;
- Computershare (CPU), +$0.04 (0.69%) to $5.85 on volume of 1.19m shares; and
- Iress (IRE), +$0.02 (0.48%) to $4.20 on volume of 149,000 shares;
Not a single Gyeacccch sector fell today; the herd really was on the charge.
The worst-performed sector today was Consumer Discretionary which gained 0.36% to 2356.80 points - it still managed a gain! The sector was led by
- Seven Net (SEV), +$0.34 (4.96%) to $7.20 on volume of 467,000 shares;
- Colorado (CDO), +$0.17 (3.06%) to $5.73 on volume of 343,000 shares;
- Housewares (HWI), +$0.07 (2.94%) to $2.45 on volume of 250,000 shares;
- Pacifica Group (PBB), +$0.07 (2.41%) to $2.98 on volume of 605,000 shares; and
- APN N&M (APN), +$0.10 (2.04%) to $5.00 on volume of 550,000 shares;
Just in front of the last place on the sector table was Energy which gained 0.64% to 7280.40 points. The sector was aided by
- Aust World (AWE), +$0.06 (3.41%) to $1.82 on volume of 1.15m shares;
- Oil Search 10 (OSH), +$0.05 (2.6%) to $1.97 on volume of 5.08m shares;
- Santos (STO), +$0.18 (1.98%) to $9.28 on volume of 3.2m shares;
- Origin Energy (ORG), +$0.05 (0.73%) to $6.94 on volume of 834,000 shares; and
- Worley (WOR), +$0.03 (0.54%) to $5.56 on volume of 104,000 shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XXJ | ASX200 ex Property Trusts | 4914.4 | 76.2 | 1.57% | 19.59m |
| XFJ | Financials | 4918.1 | 72.4 | 1.49% | 106.63m |
| XIJ | Information Technology | 396.9 | 5.8 | 1.48% | 26.05m |
| XHJ | Healthcare | 4703.5 | 67.6 | 1.46% | 22.17m |
| XUJ | Utilities | 4680 | 65.8 | 1.43% | 6.71m |
| XNJ | Industrials | 4979.5 | 64.4 | 1.31% | 39.17m |
| XMJ | Materials | 6914.5 | 85.8 | 1.26% | 87.07m |
| XPJ | Property Trusts | 1877.9 | 22.5 | 1.21% | 143.24m |
| XSJ | Consumer Staples | 5419.4 | 51.4 | 0.96% | 60.15m |
| XTJ | Telecommunications | 1759 | 16.6 | 0.95% | 4.06m |
| XEJ | Energy | 7280.4 | 46.4 | 0.64% | 30.6m |
| XDJ | Consumer Discretionary | 2356.8 | 8.5 | 0.36% | 5.49m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| HHG | HHG Plc | 1.54 | 0.03 | 1.99% | 34.77m |
| TLS | Telstra Corporation | 4.92 | 0.06 | 1.23% | 18.58m |
| PNA | Pan Australian Resources | 0.26 | 0.02 | 8.33% | 17.32m |
| AZR | Aztec Resources | 0.2 | -0.01 | -4.76% | 13.63m |
| BHP | BHP Billiton | 16.38 | 0.36 | 2.25% | 13.4m |
| WMR | WMC Resources | 7.16 | -0.02 | -0.28% | 12.56m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| BOC | Bougainville | 0.58 | 0.1 | 19.59% | 408728 |
| LYC | Lynas Corp | 0.34 | 0.04 | 11.48% | 6.41m |
| VTI | Virotec | 0.59 | 0.06 | 11.32% | 870000 |
| BRK | Breakfree | 4.77 | 0.45 | 10.42% | 493601 |
| BCL | Betcorp | 0.22 | 0.02 | 10.26% | 728241 |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| TIR | Titan Resources | 0.055 | -0.005 | -8.33% | 1.7m |
| PSA | Petsec Energy | 1.19 | -0.06 | -4.8% | 340328 |
| MBP | Metabolic Pharma | 1.08 | -0.05 | -4.42% | 1.8m |
| GTM | Giants Reef Mining | 0.079 | -0.003 | -3.66% | 6.34m |
| GTG | Genetic Tech | 0.55 | -0.02 | -3.51% | 289000 |
Elsewhere in the Region...
The Kiwi Market declined -15.87 points (-0.51%). Individual stocks that fell the hardest in percentage terms, included...- Sky City Entertainment (SKC), -$0.09 (1.73%) to $5.10 on volume of 947,000 shares;
- Independent Newspapers (INL), -$0.10 (1.72%) to $5.70 on volume of 55,000 shares;
- Fisher & Paykel (FPA), -$0.07 (1.67%) to $4.13 on volume of 183,000 shares;
- Telecom NZ (TEL), -$0.09 (1.44%) to $6.14 on volume of 5.1m shares; and
- Pumpkin Patch (PPL), -$0.04 (1.27%) to $3.10 on volume of 132,000 shares.
Hong Kong's Hang Seng index advanced 83.77 points (0.61%). Individual stocks that contributed to the advance included...
- China Merchants H (0144), +$0.35 (2.37%) to $15.10 on volume of 4.18m shares;
- China Mobile (Hon (0941), +$0.40 (1.66%) to $24.55 on volume of 17.02m shares;
- China Unicom Ltd (0762), +$0.10 (1.61%) to $6.30 on volume of 14.09m shares;
- Cosco Pacific Lim (1199), +$0.25 (1.58%) to $16.05 on volume of 1.99m shares;
- Hong Kong & China (0003), +$0.20 (1.27%) to $16.00 on volume of 3.34m shares; and
- Hutchison Whampoa (0013), +$0.75 (1.07%) to $70.75 on volume of 6.03m shares.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3076.286 | -15.87 | -0.51% | 19.28m |
| Japan | Nikkei 225 | 11322.57 | -54 | -0.47% | 67674 |
| Korea | KOSPI | 921.48 | -5.52 | -0.6% | 441053 |
| Singapore | Straits Times | 2078.4 | -8.53 | -0.41% | -na- |
| Hong Kong | Hang Seng | 13707.45 | 83.77 | 0.61% | 177.76m |
| Malaysia | KLSE Comp | 922.58 | -0.79 | -0.09% | -na- |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SP1 | SPI200 Index SFE | 4111 | 45 | 1.11% | 17850 |
| IR1 | 90-day Bank Bills SFE | 94.45 | -0.05 | -0.05% | 49211 |
| YT1 | 3-yr Bond SFE | 94.72 | -0.02 | -0.02% | 68763 |
| XT1 | 10-yr Bond SFE | 94.61 | 0 | 0% | 15598 |
