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
As I mentioned in today's short mini-missive to the RantPro AU list, my outlook for the Australian market is reasonably bearish (but not mindlessly so - just looking for a sensible 10% washoff to scare folks a little and let the smart money reposition).
Still, Mondays are Mondays, and the Optimistic Masses line up each Monday for another opportunity to buy the high. It's sad, really. Not as sad as the fact that there are children who actually mimicked the human filth that so viciously attacked that poor kitten: there are those who would have us believe that scum like that are actually members of the same species as me and you. I would spey their parents, for a start, and then get to work on the perpetrators themselves with a pair of bolt-cutters. Medieval, yes... but I could guarantee no recidivism.
But enough of how bad things would be if I was in charge (yes, there would definitely be death squads... but only for vermin like those kids).
Today the optimism was so prevalent that the market kept going up until nearly 11 a.m., such was the enthusiasm. Then it sank like a rock (only a light rock though... the day's range was only 10 points, after all). It spent most of the day meandering around the zero line line a drunkard. Check out the chart (sexy, isn't it? the colour change in the chart indicates the Plimsoll line - the point past which the index was underwater... now if only I can get the font bigger...).
Intraday 5 minute chart Click on Chart to Enlarge
By the close the broad market had managed a gain - just. The ASX All Ordinaries rose by 1.20 points (0.03%), finishing at 4047.60 points. The index hit an intraday high of 4054.60 and its low was 4044.4. The Index that runs (and is run by) the SFE's Share Price index Futures - the S&P/ASX 200 rose by 0.90 points (0.02%), finishing at 4044.80 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 4.10 points (0.19%), finishing at 2140.40 points, thanks largely to the Resources stocks. The major winners in the "big guns" were -
- Rio Tinto (RIO), +$1.45 (3.52%) to $42.70 on volume of 4.48m shares;
- BHP Billiton (BHP), +$0.35 (2.24%) to $15.95 on volume of 10.74m shares;
- AMP (AMP), +$0.14 (1.85%) to $7.69 on volume of 5m shares;
- Woodside (WPL), +$0.33 (1.62%) to $20.71 on volume of 1.39m shares; and
- News Corpse B (NWS), +$0.21 (0.92%) to $22.96 on volume of 2.56m shares.
The following stocks brought up the rear:
- Alumina (AWC), -$0.11 (1.8%) to $5.99 on volume of 6.69m shares;
- Woolworths (WOW), -$0.23 (1.58%) to $14.31 on volume of 1.75m shares;
- St.George Bank (SGB), -$0.25 (1.01%) to $24.60 on volume of 761,000 shares;
- Coles Myer (CML), -$0.08 (0.87%) to $9.15 on volume of 3.77m shares; and
- QBE Insurance (QBE), -$0.11 (0.73%) to $14.90 on volume of 2.06m shares;
Meanwhile, the smaller end of the market's capitalisation scale - the ASX Small Ordinaries - rose by 0.70 points (0.03%), finishing at 2351.80 points. The major winners in the "pop-guns" were -
- Perseverance Corp (PSV) - the subject of one of our first SPP posts - up $0.03 (7.89%) to $0.41 on volume of 2.12m shares.
- Roc Oil (ROC), +$0.12 (6.94%) to $1.85 on volume of 1.77m shares.
- Lynas (LYC), +$0.02 (6.9%) to $0.31 on volume of 479,000 shares.
- Norwood Abbey (NAL), +$0.03 (4.62%) to $0.68 on volume of 1.13m shares. and
- Consolidated Mining (CSM), +$0.13 (4.55%) to $2.99 on volume of 663,000 shares.
The following stocks brought up the rear of the small-cap brigade:
- Agenix Ltd (AGX), -$0.02 (3.77%) to $0.51 on volume of 48,000 shares.
- Austereo (AEO), -$0.06 (3.35%) to $1.73 on volume of 84,000 shares. and
- Crane Group (CRG), -$0.32 (3.28%) to $9.43 on volume of 110,000 shares.
- MYOB (MYO), -$0.04 (3.28%) to $1.18 on volume of 363,000 shares. and
- Sirtex Medical (SRX), -$0.08 (3.14%) to $2.47 on volume of 4,000 shares.
| Code | Name | Close | +/- | % |
| XAO | All Ordinaries | 4047.6 | 1.2 | 0.03% |
| XTL | S&P/ASX 20 | 2140.4 | 4.1 | 0.19% |
| XFL | S&P/ASX 50 | 3960.1 | 2 | 0.05% |
| XTO | S&P/ASX 100 | 3284 | 0.7 | 0.02% |
| XJO | S&P/ASX 200 | 4044.8 | 0.9 | 0.02% |
| XKO | S&P/ASX 300 | 4051.9 | 1 | 0.02% |
| XMD | S&P/ASX Mid-Cap 50 | 4071 | -5.7 | -0.14% |
| XSO | S&P/ASX Small Ordinaries | 2351.8 | 0.7 | 0.03% |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 162 | 69 |
| Declines | 198 | 88 |
| Advancing Volume | 231.34m | 60.46m |
| Declining Volume | 172.26m | 46.91m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 424 | -16 | -3.64 |
| Declines | 457 | 56 | 13.97 |
| Unchanged | 320 | -6 | -1.84 |
| Total Traded Value | 2235 | 105 | 4.93 |
| New 52 Week Highs | 42 | 4 | 10.53 |
| New 52 Week Lows | 9 | -3 | -25 |
| Equity Call Option Volume | 48000 | 8292 | 20.88 |
| Equity Put Option Volume | 36130 | 3143 | 9.53 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Energy which gained 1.47% to 7242.30 points as oil went on a bit of a rampage (it's trading at $49.12 as I type this - up 1.22% from Friday. You might be surprised that stocks that specialise in Oil did pretty well...
- Roc Oil (ROC), +$0.12 (6.94%) to $1.85 on volume of 1.77m shares;
- Arc Energy (ARQ), +$0.07 (3.98%) to $1.83 on volume of 728,000 shares;
- Oil Search (OSH), +$0.07 (3.72%) to $1.95 on volume of 9.22m shares;
- Santos (STO), +$0.32 (3.65%) to $9.09 on volume of 4.41m shares; and
- Woodside (WPL), +$0.33 (1.62%) to $20.71 on volume of 1.39m shares;
Second in the sector leadership stakes was Materials which gained 1.11% to 6796.20 points. The sector leaders were -
- Zinifex (ZFX), +$0.10 (3.85%) to $2.70 on volume of 3.52m shares;
- Capral (CAA), +$0.08 (3.59%) to $2.31 on volume of 71,000 shares;
- Rio Tinto (RIO), +$1.45 (3.52%) to $42.70 on volume of 4.48m shares;
- Lion Group (LSG), +$0.07 (3.17%) to $2.28 on volume of 182,000 shares; and
- Excel Coal (EXL), +$0.14 (2.43%) to $5.90 on volume of 1.31m shares;
No bronze today - the third-best-performed sector (Consumer Discretionary) lost -0.03% to 2347.90 points. That's as near as unchanged as you can get without literally buying nothing in the sector. But since it lost ground (only by a teensy bit), we list the losers...
- Austereo (AEO), -$0.06 (3.35%) to $1.73 on volume of 84,000 shares;
- Housewares (HWI), -$0.07 (2.85%) to $2.39 on volume of 186,000 shares;
- G.U.D. (GUD), -$0.25 (2.79%) to $8.70 on volume of 221,000 shares;
- JB Hi-Fi (JBH), -$0.09 (2.31%) to $3.81 on volume of 170,000 shares; and
- APN News & Media (APN), -$0.11 (2.21%) to $4.86 on volume of 696,000 shares;
The worst-performed sector today was Utilities which lost 0.91% to 4606.20 points. The sector was dragged lower by
- Aust Pipeline Trust (APA), -$0.08 (2.24%) to $3.49 on volume of 198,000 shares;
- AGL (AGL), -$0.19 (1.36%) to $13.81 on volume of 557,000 shares;
- Energy Developments (ENE), -$0.04 (1.17%) to $3.37 on volume of 42,000 shares;
- Duet (DUE), -$0.02 (0.76%) to $2.62 on volume of 541,000 shares; and
- Alinta (ALN), -$0.01 (0.12%) to $8.67 on volume of 358,000 shares;
Just in front of the last place on the sector table was Consumer Staples which lost 0.79% to 5355.30 points. The sector was pulled down by
- Burns Philp (BPC), -$0.02 (2.27%) to $0.86 on volume of 3.74m shares;
- Woolworths (WOW), -$0.23 (1.58%) to $14.31 on volume of 1.75m shares;
- Lion Nathan (LNN), -$0.11 (1.33%) to $8.14 on volume of 1.08m shares;
- AWB (AWB), -$0.06 (1.27%) to $4.66 on volume of 439,000 shares; and
- SPC Ardmona (SPC), -$0.02 (0.91%) to $2.18 on volume of 1.04m shares;
| Code | GICS Sector | Close | +/- | % | Volume |
| XEJ | Energy | 7242.3 | 104.7 | 1.47% | 23.58m |
| XMJ | Materials | 6796.2 | 74.7 | 1.11% | 76.69m |
| XDJ | Consumer Discretionary | 2347.9 | -0.6 | -0.03% | 23.52m |
| XTJ | Telecommunications | 1737 | -1.4 | -0.08% | 11.51m |
| XHJ | Healthcare | 4661.4 | -4 | -0.09% | 8.78m |
| XNJ | Industrials | 4913.1 | -7.7 | -0.16% | 39.49m |
| XXJ | ASX200 ex Property Trusts | 4826.2 | -12 | -0.25% | 61.74m |
| XFJ | Financials | 4826.7 | -16.1 | -0.33% | 116.9m |
| XPJ | Property Trusts | 1839 | -11.6 | -0.63% | 58.22m |
| XIJ | Information Technology | 395.7 | -3 | -0.75% | 4.6m |
| XSJ | Consumer Staples | 5355.3 | -42.8 | -0.79% | 24.34m |
| XUJ | Utilities | 4606.2 | -42.1 | -0.91% | 2.4m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| PNA | Pan Aust Resources | 0.27 | 0.05 | 22.73% | 34.56m |
| FCN | Falcon Mining | 0.9 | 0.04 | 4.65% | 30.41m |
| HHG | HHG Plc | 1.49 | 0.06 | 4.2% | 29.19m |
| CUE | Cue | 0.35 | 0.03 | 9.52% | 24.38m |
| BHP | BHP Billiton | 15.95 | 0.35 | 2.24% | 10.74m |
| TLS | Telstra Corporatiion | 4.85 | UNCH | 10.48m | |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| PNA | Pan Aust Resources | 0.27 | 0.05 | 22.73% | 34.56m |
| QPX | QPSX | 0.16 | 0.02 | 14.29% | 596000 |
| OTT | Open Telecommunications | 0.35 | 0.04 | 11.29% | 15000 |
| GDM | Goldstream | 0.4 | 0.04 | 11.11% | 159000 |
| ALU | Altium | 0.4 | 0.04 | 9.72% | 375992 |
All Ordinaries Top Losers
I know I swore that I would knock off the tiddlers in the Top Winners & Losers list, but I haven't got around to it yet. I must do so soon though - because honestly, who cares if SMC dropped 3.85%? Only $4550 worth of stock was traded. Maybe I will sticky-tape a filter in and ignore anything that turns over less than $50k or something. Look at OTT in the "Top Gainers" table... a lousy $5100 (max) turned over.
| Code | Name | Close | +/- | % | Volume |
| BOC | Bougainville | 0.56 | -0.12 | -17.65% | 451184 |
| PSG | Palm Springs | 0.14 | -0.02 | -9.68% | 403914 |
| SRI | Sipa Resources | 0.12 | -0.01 | -4.17% | 146353 |
| SMC | Strategic Minerals | 0.13 | -0.01 | -3.85% | 35000 |
| AGX | Agenix | 0.51 | -0.02 | -3.77% | 47500 |
Looking for a Dividend Calendar? Look Again Tomorrow...
Elsewhere in the Region...
The Kiwi Market advanced 1.89 points (0.06%). Individual stocks that showed leadershup (yes I know, it's a cruddy gag, but it's all I've got... otherwise it's sheep jokes) -
- Hallenstein Glass (HLG), +$0.25 (6.94%) to $3.85 on volume of 103,000 shares;
- Hellaby Holdings (HBY), +$0.20 (2.86%) to $7.20 on volume of 5,000 shares;
- Mainfreight Limited (MFT), +$0.06 (2.46%) to $2.50 on volume of 5,000 shares;
- Infratil Limited (IFT), +$0.08 (2.43%) to $3.37 on volume of 177,000 shares;
- The Warehouse Group (WHS), +$0.08 (2.17%) to $3.77 on volume of 427,000 shares; and
- AMP Limited (AMP), +$0.15 (1.86%) to $8.20 on volume of 5,000 shares.
Obviously the Feng Shui wasn't on the market's side today for Hongkers - someone must have moved a pot plant over the weekend. (Yes, another crap joke... )... The Hang Seng index declined 109.26 points (-0.81%). Individual stocks that contributed to the decline included...
- China Unicom Ltd (0762), -$0.25 (4%) to $6.00 on volume of 15.46m shares;
- Wharf Holdings (0004), -$0.75 (3.01%) to $24.20 on volume of 4.89m shares;
- Cheung Kong Infrastructure (1038), -$0.65 (2.93%) to $21.55 on volume of 757,000 shares;
- Citic Pacific Limited (0267), -$0.50 (2.29%) to $21.35 on volume of 2.48m shares;
- PCCW Limited (0008), -$0.10 (2.16%) to $4.53 on volume of 28.63m shares; and
- Cheung Kong (Hold (0001), -$1.50 (2.1%) to $70.00 on volume of 6.16m shares;
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3057.35 | 1.89 | 0.06% | 15.98m |
| Japan | Nikkei 225 | 11298.38 | 60.01 | 0.53% | 69900 |
| Korea | KOSPI | 923.11 | 3.5 | 0.38% | 522843 |
| Singapore | Straits Times | 2072.82 | -12.57 | -0.6% | -na- |
| Hong Kong | Hang Seng | 13371.76 | -109.26 | -0.81% | 274.91m |
| Malaysia | KLSE Comp | 920.26 | -9.46 | -1.02% | -na- |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SP1 | SPI200 Index SFE | 4035 | 2 | 0.05% | 9590 |
| IR1 | 90-day Bank Bills SFE | 94.59 | -0.02 | -0.02% | 51866 |
| YT1 | 3-yr Bond SFE | 94.83 | 0.01 | 0.01% | 30447 |
| XT1 | 10-yr Bond SFE | 94.67 | 0.03 | 0.03% | 8056 |
