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Major Market Indices
The broad market - the ASX All Ordinaries - rose by 8.80 points (0.22%), finishing at 4056.40 points. We finally had an intraday range worth talking about - from an early session low of 4052.2 to a session high of 4069.70 set just as the lunch bell went (actually it was set at precisely 1:15 p.m....) from there, yet another day characterised by a soft hissing sound as a the index deflated into the close.
There was obviously some thought by the various "pushers", that if they gunned the market in the first couple of hours that they could get some short-covering happening. Since tomorrow's a holiday (I think), the thinking was that SPI shorts would not particualrly like to hold if there's a chance that the US has a bounce.
Here's a thought - SYCOM is probably open anyhow, and in any case you can synthetically cover a short SPI by buying some cover in Oz-tilted CME futures anyhow. WAKE UP, morons!!!
The Index on which the SFE's Share Price index Futures is based - the S&P/ASX 200 - rose by 11.10 points (0.27%), finishing at 4055.90 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 5.00 points (0.23%), finishing at 2145.40 points. The major winners in the "big guns" were a mixed bag - although more broadly Resources did quite well and the appearance of both supermarket chains gives the top 5 list a bit of a "Consumer Staples" flavour.
- Westfield (WDC), +$0.27 (1.6%) to $17.17 on volume of 4.54m shares;
- Rio Tinto (RIO), +$0.55 (1.29%) to $43.25 on volume of 4.91m shares;
- Woolworths (WOW), +$0.14 (0.98%) to $14.45 on volume of 1.65m shares;
- Wesfarmers (WES), +$0.28 (0.72%) to $39.21 on volume of 819,000 shares; and
- Coles Myer (CML), +$0.05 (0.55%) to $9.20 on volume of 5.75m shares.
Meanwhile the following stocks brought up the rear:
- News Corpse B(NWS), -$0.26 (1.13%) to $22.70 on volume of 3.74m shares;
- AMP (AMP), -$0.08 (1.04%) to $7.61 on volume of 4.49m shares;
- Fosters (FGL), -$0.05 (0.95%) to $5.20 on volume of 11.22m shares;
- News Corpse A (NWSLV), -$0.17 (0.77%) to $21.78 on volume of 1.88m shares; and
- Woodside (WPL), -$0.13 (0.63%) to $20.58 on volume of 1.89m shares.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries rose by 6.00 points (0.26%), finishing at 2357.80 points. The major winners in the "pop-guns" were -
- Petsec (PSA), +$0.12 (10.62%) to $1.25 on volume of 527,000 shares;
- Norwood Abbey (NAL), +$0.06 (8.82%) to $0.74 on volume of 2.78m shares;
- Giants Reef (GTM), +$0.01 (7.89%) to $0.08 on volume of 35.95m shares;
- Iinet (IIN), +$0.17 (5.23%) to $3.42 on volume of 847,000 shares; and
- Aust Ag Co (AAC), +$0.09 (5.08%) to $1.86 on volume of 828,000 shares.
Meanwhile the following stocks brought up the rear:
- Oceana Gold (OGD), -$0.05 (6.67%) to $0.70 on volume of 1.57m shares;
- Emperor Mining (EMP), -$0.04 (6.25%) to $0.60 on volume of 15,000 shares;
- SP Telecom (SOT), -$0.08 (3.81%) to $2.02 on volume of 261,000 shares;
- Kingsgate (KCN), -$0.10 (3.66%) to $2.63 on volume of 266,000 shares; and
- Cellestis (CST), -$0.10 (3.33%) to $2.90 on volume of 56,000 shares.
| Code | Name | Close | +/- | % |
| XAO | All Ordinaries | 4056.4 | 8.8 | 0.22% |
| XTL | S&P/ASX 20 | 2145.4 | 5 | 0.23% |
| XFL | S&P/ASX 50 | 3971.9 | 11.8 | 0.3% |
| XTO | S&P/ASX 100 | 3293.1 | 9.1 | 0.28% |
| XJO | S&P/ASX 200 | 4055.9 | 11.1 | 0.27% |
| XKO | S&P/ASX 300 | 4063 | 11.1 | 0.27% |
| XMD | S&P/ASX Mid-Cap 50 | 4077.1 | 6.1 | 0.15% |
| XSO | S&P/ASX Small Ordinaries | 2357.8 | 6 | 0.26% |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 208 | 94 |
| Declines | 158 | 67 |
| Advancing Volume | 275.84m | 100.21m |
| Declining Volume | 173.09m | 32.66m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 447 | 23 | 5.42 |
| Declines | 450 | -7 | -1.53 |
| Unchanged | 322 | 2 | 0.63 |
| Total Traded Value | 2726 | 491 | 21.97 |
| New 52 Week Highs | 48 | 6 | 14.29 |
| New 52 Week Lows | 15 | 6 | 66.67 |
| Equity Call Option Volume | 63328 | 15322 | 31.92 |
| Equity Put Option Volume | 43835 | 7705 | 21.33 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Property Trusts which gained 0.89% to 1855.40 points. It's not every day that the LPTs are the sexiest thing on offer. Be that as it may, the sector was helped by
- Thakral (THG), +$0.02 (2.74%) to $0.75 on volume of 296,000 shares;
- Macquarie Goodman Industrial Trust (MGI), +$0.06 (2.68%) to $2.30 on volume of 3.31m shares;
- CFS Gandel (GAN), +$0.03 (1.86%) to $1.64 on volume of 1.04m shares;
- BWP Trust (BWP), +$0.03 (1.75%) to $1.74 on volume of 184,000 shares; and
- Westfield (WDC), +$0.27 (1.6%) to $17.17 on volume of 4.54m shares;
Second in the sector leadership stakes was Materials which gained 0.48% to 6828.70 points. The sector leaders were -
- Adelaide Brighton (ABC), +$0.05 (2.86%) to $1.80 on volume of 1.04m shares;
- Boral (BLD), +$0.18 (2.6%) to $7.10 on volume of 2.77m shares;
- Zinifex (ZFX), +$0.06 (2.22%) to $2.76 on volume of 5.44m shares;
- Rinker (RIN), +$0.20 (1.9%) to $10.75 on volume of 3.57m shares; and
- Timbercorp (TIM), +$0.04 (1.86%) to $2.19 on volume of 338,000 shares;
The bronze today went to Financials which gained 0.39% to 4845.70 points (big shock, considering that LPTs are also all included in Financials: note to self - don't permit LPTs and Financials to appear together in the top three... it's unfair to the other sectors). The sector was led by
- Tower (TWR), +$0.06 (2.91%) to $2.12 on volume of 1.33m shares (shareholders voted to list the Australian financial planning arm, and to spin it off);
- Thakral (THG), +$0.02 (2.74%) to $0.75 on volume of 296,000 shares;
- Macquarie Goodman Industrial Trust (MGI), +$0.06 (2.68%) to $2.30 on volume of 3.31m shares;
- CFS Gandel Unit Trust (GAN), +$0.03 (1.86%) to $1.64 on volume of 1.04m shares; and
- BWP Trust (BWP), +$0.03 (1.75%) to $1.74 on volume of 184,000 shares;
The worst-performed sector today was Information Technology which lost 1.16% to 391.10 points. The sector was dragged lower by
- Computershare (CPU), -$0.10 (1.69%) to $5.81 on volume of 2.27m shares;
- ERG Ltd (ERG), -$0.01 (1.61%) to $0.31 on volume of 383,000 shares;
- Baycorp (BCA), -$0.03 (0.97%) to $3.05 on volume of 666,000 shares; and
- Myob (MYO), -$0.01 (0.85%) to $1.17 on volume of 485,000 shares.
Just in front of the last place on the sector table was Healthcare which lost 0.55% to 4635.90 points. The sector was pulled down by
- Sonic Healthcare (SHL), -$0.21 (1.86%) to $11.10 on volume of 609,000 shares;
- Chemeq (CMQ), -$0.03 (1.81%) to $1.63 on volume of 158,000 shares;
- CSL (CSL), -$0.42 (1.34%) to $30.90 on volume of 474,000 shares;
- DCA Group (DVC), -$0.04 (1.15%) to $3.43 on volume of 859,000 shares; and
- Resmed (RMD), -$0.07 (1.05%) to $6.60 on volume of 876,000 shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XPJ | Property Trusts | 1855.4 | 16.4 | 0.89% | 20.1m |
| XMJ | Materials | 6828.7 | 32.5 | 0.48% | 97.48m |
| XFJ | Financials | 4845.7 | 19 | 0.39% | 30.25m |
| XTJ | Telecommunications | 1742.4 | 5.4 | 0.31% | 10.66m |
| XXJ | ASX200 ex Property Trusts | 4838.2 | 12 | 0.25% | 8.56m |
| XSJ | Consumer Staples | 5368 | 12.7 | 0.24% | 35.65m |
| XUJ | Utilities | 4614.2 | 8 | 0.17% | 70.14m |
| XNJ | Industrials | 4915.1 | 2 | 0.04% | 101.72m |
| XDJ | Consumer Discretionary | 2348.3 | 0.4 | 0.02% | 36.13m |
| XEJ | Energy | 7234 | -8.3 | -0.11% | 5.5m |
| XHJ | Healthcare | 4635.9 | -25.5 | -0.55% | 41.93m |
| XIJ | Information Technology | 391.1 | -4.6 | -1.16% | 4.27m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| PNA | Pan Aust Resources | 0.24 | -0.03 | -11.11% | 29.16m |
| HHG | HHG Plc | 1.51 | 0.02 | 1.34% | 28.69m |
| LHG | Lihir | 1.11 | -0.04 | -3.48% | 16.47m |
| AZR | Aztec Resources | 0.21 | 0.02 | 10.53% | 16.12m |
| YSL | York Group | 0.42 | 0 | 0% | 15.31m |
| BHP | BHP Billiton | 16.02 | 0.07 | 0.44% | 11.84m |
All Ordinaries Top Gainers (with Turnover Filter)
I've finally got the hump with all the weener stocks that were taking up table space; from now on if a stock doesn't turn over $50k, it doesn't get a guernsey.
Since Guernsey a small island off the coast of England, I think $50k is a pretty modest criterion.
It has flummoxed me since the day I first heard it, this "get a guernsey" thing. It seems to be specific to Victoria - and has to do with the fact that whereas every other sport on the globe refers to a team "jumper" as either a "jumper" of a "jersey", Australian Rules football parlance refers to it as a Guernsey.
I'm digressing again... suffice it to say that here is now a turnover filter.
| Code | Name | Close | +/- | % | Volume |
| PSA | Petsec Energy | 1.25 | 0.12 | 10.62% | 527265 |
| NAL | Norwood Abbey | 0.74 | 0.06 | 8.82% | 2.78m |
| GTM | Giants Reef Min | 0.082 | 0.006 | 7.89% | 35.95m |
| CGX | Central Asia Gold | 0.76 | 0.05 | 7.04% | 297000 |
| IIN | iinet | 3.42 | 0.17 | 5.23% | 846503 |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| TIR | Titan Resources | 0.06 | -0.013 | -17.81% | 1.95m |
| BOC | Bougainville | 0.49 | -0.08 | -13.39% | 586593 |
| PNA | Pan Aust Rsc | 0.24 | -0.03 | -11.11% | 29.16m |
| OGD | Oceana Gold | 0.7 | -0.05 | -6.67% | 1.57m |
| BLT | Benitec | 0.51 | -0.03 | -5.56% | 134588 |
Elsewhere in the Region...
The Kiwi Market advanced 19.18 points (0.63%), led by
- Contact Energy Limited (CEN), +$0.15 (2.33%) to $6.58 on volume of 841,000 shares;
- The Warehouse Group (WHS), +$0.08 (2.12%) to $3.85 on volume of 987,000 shares;
- Tower Limited (TWR), +$0.04 (1.81%) to $2.25 on volume of 1.05m shares;
- Waste Management (WAM), +$0.09 (1.58%) to $5.77 on volume of 820,000 shares;
- Carter Holt Harvey (CAH), +$0.03 (1.44%) to $2.12 on volume of 1.61m shares; and
- Hallenstein Glass (HLG), +$0.05 (1.3%) to $3.90 on volume of 59,000 shares;
Hong Kong's Hang Seng index advanced a meagre 9.24 points (0.07%). Individual stocks that contributed to the advance included...
- Hang Lung Property (0101), +$0.20 (1.82%) to $11.20 on volume of 4.22m shares;
- China Merchants Holdings (0144), +$0.20 (1.4%) to $14.45 on volume of 1.1m shares;
- Cheung Kong Infrastructure (1038), +$0.25 (1.15%) to $21.95 on volume of 778,000 shares;
- Wheelock And Company (0020), +$0.10 (0.87%) to $11.55 on volume of 6.34m shares;
- Cheung Kong Holdings (0001), +$0.50 (0.72%) to $70.00 on volume of 4.36m shares; and
- Sun Hung Kai Property (0016), +$0.50 (0.72%) to $70.25 on volume of 7.39m shares;
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3076.531 | 19.18 | 0.63% | 20.11m |
| Japan | Nikkei 225 | 11231.35 | -58.14 | -0.51% | 63525 |
| Korea | KOSPI | 913.84 | -9.27 | -1% | 452407 |
| Singapore | Straits Times | 2068.77 | -5.47 | -0.26% | 0 |
| Hong Kong | Hang Seng | 13396.23 | 9.24 | 0.07% | 143.49m |
| Malaysia | KLSE Comp | 922 | -1.33 | -0.14% | 0 |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SP1 | SPI200 Index SFE | 4056 | 21 | 0.52% | 11511 |
| IR1 | 90-day Bank Bills SFE | 94.54 | -0.04 | -0.04% | 55423 |
| YT1 | 3-yr Bond SFE | 94.75 | -0.07 | -0.07% | 101500 |
| XT1 | 10-yr Bond SFE | 94.64 | -0.04 | -0.04% | 33071 |
