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 market opened like a shot out of a gun, and continued to rise for pretty much the whole session; the last five hours of the market's activity were the usual Friday lassitude - the market clearly went to lunch from 1 until about 2:30, and its trajectory thereafter was similar to how we used to return from lunch at the Great Western... a bit of a "random walk", but with a definite objective.
ASX200 Intraday 5 minute chart
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 16.50 points (0.77%), finishing at 2156.00 points. The major winners in the "big guns" were -
- Woodside (WPL), +$0.52 (2.6%) to $20.50 on volume of 1.1m shares;
- Amp (AMP), +$0.17 (2.41%) to $7.22 on volume of 3.93m shares;
- Westpac (WBC), +$0.30 (1.57%) to $19.45 on volume of 2.56m shares;
- Amcor (AMC), +$0.11 (1.5%) to $7.42 on volume of 2.41m shares; and
- QBE Insurance (QBE), +$0.18 (1.22%) to $14.98 on volume of 1.55m shares.
The following stocks brought up the rear of the first division (do you recall when First Division used to be the best level one could play at - or watch? With credentialism, now it's called "The Premier League"... it's sickening).
- News Corpse A (NWSLV), -$0.13 (0.55%) to $23.40 on volume of 2.03m shares;
- Woolworths (WOW), -$0.04 (0.27%) to $14.72 on volume of 1.34m shares;
- News Corpse B(NWS), -$0.02 (0.08%) to $24.20 on volume of 2.36m shares;
- Westfield (WDC), +$0.03 (0.18%) to $16.90 on volume of 4.04m shares; and
- St.George Bank (SGB), +$0.08 (0.32%) to $25.28 on volume of 315,000 shares.
Meanwhile, the smaller end of the market's capitalisation scale - the ASX Small Ordinaries - rose by 16.80 points (0.73%), finishing at 2313.90 points. The major winners in the "pop-guns" were -
- Multiemedia (MUL), +$0.00 (10.34%) to $0.03 on volume of 43.77m shares.
- Citect (CTL), +$0.09 (9.28%) to $1.06 on volume of 266,000 shares.
- Erg Ltd (ERG), +$0.03 (8.33%) to $0.33 on volume of 7.22m shares.
- Austral (AUO), +$0.04 (7.55%) to $0.57 on volume of 2.55m shares. and
- AAV Ltd (AVV), +$0.09 (6%) to $1.59 on volume of 222,000 shares.
The following small-cap stocks brought up the rear:
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4062.8 | 29.5 | 0.73% | 0 |
| XTL | S&P/ASX 20 | 2156 | 16.5 | 0.77% | 0 |
| XFL | S&P/ASX 50 | 3986.2 | 34.3 | 0.87% | 0 |
| XTO | S&P/ASX 100 | 3304.4 | 27.2 | 0.83% | 0 |
| XJO | S&P/ASX 200 | 4063.2 | 33.3 | 0.83% | 0 |
| XKO | S&P/ASX 300 | 4068.9 | 33.1 | 0.82% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4087.2 | 24.7 | 0.61% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2313.9 | 16.8 | 0.73% | 0 |
All Ordinaries Market Internals
Advancing stocks outweighed decliners by over 2:1 in the All Ords, and volume had a 3:1 tilt in favour of the gainers. In the small-cap end of the market, the statistics were similar, with an even stronger volume tilt towards the advancers. There were about 68,000 stock trades undertaken on the ASX today.
| XAO | XSO | |
| Advances | 255 | 107 |
| Declines | 113 | 46 |
| Advancing Volume | 293.37m | 112.93m |
| Declining Volume | 79.5m | 26.68m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 509 | 91 | 21.77 |
| Declines | 336 | -71 | -17.44 |
| Unchanged | 312 | 20 | 6.85 |
| Total Traded Value | 1965 | -145 | -6.87 |
| New 52 Week Highs | 49 | 1 | 2.08 |
| New 52 Week Lows | 6 | -2 | -25 |
| Equity Call Option Volume | 33690 | 4703 | 16.22 |
| Equity Put Option Volume | 25394 | -274 | -1.07 |
S&P/ASX200 GICS Sector Indices
The top sector for the day - thanks to the overnight strength in Crude Oil - was Energy. The sector index gained 2.03% to 7099.20 points. The sector was helped by
- Arc Energy (ARQ), +$0.07 (4.22%) to $1.73 on volume of 766,000 shares;
- Origin Energy (ORG), +$0.25 (3.6%) to $7.20 on volume of 1.45m shares;
- Woodside (WPL), +$0.52 (2.6%) to $20.50 on volume of 1.1m shares;
- Oil Search (OSH), +$0.04 (2.3%) to $1.78 on volume of 1.16m shares; and
- Hardman Resources (HDR), +$0.03 (1.95%) to $1.57 on volume of 1.97m shares.
Second in the sector leadership stakes was Healthcare which gained 1.35% to 4696.10 points. The sector leaders were -
- CSL (CSL), +$1.24 (4.08%) to $31.64 on volume of 1.14m shares;
- Peptech (PTD), +$0.05 (2.91%) to $1.77 on volume of 561,000 shares;
- Cochlear (COH), +$0.55 (2.26%) to $24.93 on volume of 217,000 shares;
- Sigma (SIG), +$0.10 (1.06%) to $9.56 on volume of 75,000 shares; and
- Mayne Group (MAY), +$0.04 (0.93%) to $4.34 on volume of 906,000 shares.
The bronze today went to Industrials which gained 1.13% to 4953.30 points. The sector was led by
- Macquarie Infrastructure (MIG), +$0.14 (4.08%) to $3.57 on volume of 23.18m shares;
- GWA International (GWT), +$0.11 (3.5%) to $3.25 on volume of 229,000 shares;
- Hills Motorway (HLY), +$0.19 (2.21%) to $8.77 on volume of 179,000 shares;
- Toll Holdings (TOL), +$0.23 (1.82%) to $12.85 on volume of 316,000 shares; and
- Prime Infructure Staple (PIF), +$0.02 (1.59%) to $1.28 on volume of 695,000 shares.
There were no declining sectors, so it's a waste of time including the "worst-performed" sector stuff.
| Code | GICS Sector | Close | +/- | % | Volume |
| XEJ | Energy | 7099.2 | 141.1 | 2.03% | 0 |
| XHJ | Healthcare | 4696.1 | 62.5 | 1.35% | 0 |
| XNJ | Industrials | 4953.3 | 55.4 | 1.13% | 0 |
| XMJ | Materials | 6606.6 | 71.6 | 1.1% | 0 |
| XXJ | ASX200 ex Property Trusts | 4843.7 | 44.5 | 0.93% | 0 |
| XFJ | Financials | 4857.1 | 40.7 | 0.85% | 0 |
| XPJ | Property Trusts | 1867.3 | 10.4 | 0.56% | 0 |
| XTJ | Telecommunications | 1767.5 | 7.5 | 0.43% | 0 |
| XSJ | Consumer Staples | 5601.7 | 15.1 | 0.27% | 0 |
| XDJ | Consumer Discretionary | 2415.2 | 4.6 | 0.19% | 0 |
| XUJ | Utilities | 4611 | 7.8 | 0.17% | 0 |
| XIJ | Information Technology | 400.8 | 0.2 | 0.05% | 0 |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| ZYL | Zylotech | 0.008 | 0.001 | 14.29% | 68.86m |
| IMP | Imperial | 0.01 | -0.001 | -14.29% | 52.89m |
| JRV | Jervois | 0.033 | 0 | 0% | 51.21m |
| ADY | Admiralty | 0.08 | 0.002 | 2.6% | 48.87m |
| CUO | Copperco | 0.023 | 0 | 0% | 47.87m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| MUL | Multiemedia Com | 0.032 | 0.003 | 10.34% | 43.77m |
| CTL | Citect Corp | 1.06 | 0.09 | 9.28% | 265793 |
| ERG | ERG Limited | 0.325 | 0.025 | 8.33% | 7.22m |
| CBH | CBH Resources | 0.21 | 0.015 | 7.69% | 3.16m |
| AUO | Austral Coal | 0.57 | 0.04 | 7.55% | 2.55m |
All Ordinaries Top Losers
Chemeq has thus far managed to avoid the ignominy of replicating Metabolic's "nuffie news dump" - but it is now well inside the opening gap that it established yesterday. One of the axioms of markets - particularly those in which a teensy minority of smart money takes pleasure in hurting the mass majority of nuffie-punting - is that gaps get filled. If this gap gets filled, the newcomers will become "stale longs" quicker than you can say "look out below".
| Code | Name | Close | +/- | % | Volume |
| CMQ | Chemeq | 1.75 | -0.15 | -7.89% | 5.92m |
| IHG | Intellect Holdings | 0.03 | 0 | -6.25% | 599000 |
| ANC | Angus And Coote | 10.25 | -0.56 | -5.18% | 1600 |
| CPB | Campbell Bros | 10.89 | -0.51 | -4.47% | 25159 |
| OEC | Orbital Corp | 0.11 | -0.01 | -4.35% | 76600 |
Elsewhere in the Region...
The Kiwi Market declined -6.86 points (-0.22%) - basically it gave back yesterday's gain, but there was little other damage. Individual stock declines were also fairly tame, and the chief decliners in the top 50 were as follows -
- Fisher & Paykel H (FPH), -$0.05 (1.55%) to $3.18 on volume of 352,000 shares;
- Tower Limited (TWR), -$0.03 (1.4%) to $2.11 on volume of 210,000 shares;
- The Warehouse Group (WHS), -$0.05 (1.33%) to $3.72 on volume of 213,000 shares;
- Auckland International Airport(AIA), -$0.10 (1.22%) to $8.10 on volume of 271,000 shares; and
- AXA Asia Pacific (AXA), -$0.05 (1.11%) to $4.45 on volume of 16,000 shares.
Hong Kong's Hang Seng index declined -282.93 points (-2.06%). That's a pasting in anyone's language. Only 3 stocks in the Hang Seng rose for the session, and the biggest of those gains was 0.87% (in China Resources). Individual stocks that contributed to the decline included...
- Wheelock (0020), -$0.50 (4.22%) to HK$11.35 on volume of 1.49m shares;
- MTR Corporation (0066), -$0.45 (3.72%) to HK$11.65 on volume of 5.07m shares;
- Cheung Kong (0001), -$2.75 (3.72%) to HK$71.25 on volume of 6.79m shares;
- Henderson Land (0012), -$1.40 (3.68%) to HK$36.60 on volume of 4.39m shares;
- Swire Pacific A (0019), -$2.00 (3.28%) to HK$59.00 on volume of 2.59m shares; and
- Hutchison (0013), -$2.25 (3.17%) to HK$68.75 on volume of 17.82m shares.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3086.895 | -6.86 | -0.22% | 14.2m |
| Japan | Nikkei 225 | 11448.54 | -43.72 | -0.38% | 67516 |
| Korea | KOSPI | 870.84 | -0.44 | -0.05% | 289005 |
| Singapore | Straits Times | 2087.64 | -2.18 | -0.1% | 66.42m |
| Hong Kong | Hang Seng | 13429.11 | -282.93 | -2.06% | 324.18m |
| Malaysia | KLSE Comp | 916.08 | 5.66 | 0.62% | 47.33m |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SPI05M | SPI200 Index SFE | 4071 | 36 | 0.89% | 8652 |
| IR05M | 90-day Bank Bills SFE | 94.62 | 0.01 | 0.01% | 5628 |
| YT05M | 3-yr Bond SFE | 94.77 | 0.05 | 0.05% | 27774 |
| XT05M | 10-yr Bond SFE | 94.58 | 0.05 | 0.05% | 12873 |
