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Major Market Indices
A new record - in the All Ords, the S&P/ASX200, the Small Ordinaries... it's all looking ebullient. If I was a trader of the Share Price Index futures on the SFE, I would be shorting the hell out of this market about ten minutes after the effects of tonight's US repurchase data are known (i.e., if a large repo, wait until the moonshot is spent... if the T-backed repo is small, short at 2 a.m. Oz time).
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 4.40 points (0.20%), finishing at 2160.40 points. The major winners in the "big guns" were -
- AMP (AMP), +$0.21 (2.91%) to $7.43 on volume of 4.95m shares;
- Alumina (AWC), +$0.08 (1.36%) to $5.97 on volume of 1.46m shares;
- QBE Insurance (QBE), +$0.15 (1%) to $15.13 on volume of 944,000 shares;
- Telstra Corporatiion (TLS), +$0.04 (0.81%) to $4.98 on volume of 9.41m shares; and
- Westpac (WBC), +$0.15 (0.77%) to $19.60 on volume of 1.9m shares.
Meanwhile the following stocks brought up the rear:
- News Corpse A(NWSLV), -$0.44 (1.88%) to $22.96 on volume of 3.39m shares;
- Fosters (FGL), -$0.06 (1.03%) to $5.78 on volume of 2.41m shares;
- News Corpse B (NWS), -$0.22 (0.91%) to $23.98 on volume of 2.92m shares;
- Wesfarmer (WES), -$0.24 (0.6%) to $39.94 on volume of 277,000 shares; and
- Rio Tinto (RIO), -$0.15 (0.38%) to $39.10 on volume of 1.88m shares.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries rose by 16.60 points (0.72%), finishing at 2330.50 points. The major winners in the "pop-guns" were -
- Coffey Int (COF), +$0.27 (11.2%) to $2.68 on volume of 268,000 shares.
- Vision Systems (VSL), +$0.10 (7.69%) to $1.40 on volume of 1.08m shares.
- Multiemedia.com (MUL), +$0.00 (6.25%) to $0.03 on volume of 64.6m shares.
- Peptech (PTD), +$0.11 (6.21%) to $1.88 on volume of 940,000 shares. and
- Sunland (SDG), +$0.12 (6.09%) to $2.09 on volume of 974,000 shares.
The following stocks brought up the rear of the small-cap brigades (note Chemeq, in the context of the "gaps get closed" palaver I wrote last Friday):
- Mosaic Oil (MOS), -$0.04 (15.91%) to $0.19 on volume of 27.67m shares;
- Chemeq (CMQ), -$0.17 (9.71%) to $1.58 on volume of 2m shares;
- Citect (CTL), -$0.05 (4.72%) to $1.01 on volume of 195,000 shares; and
- Orbital (OEC), -$0.01 (4.55%) to $0.11 on volume of 102,000 shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4071.7 | 8.9 | 0.22% | 0 |
| XTL | S&P/ASX 20 | 2160.4 | 4.4 | 0.2% | 0 |
| XFL | S&P/ASX 50 | 3997.2 | 11 | 0.28% | 0 |
| XTO | S&P/ASX 100 | 3312.6 | 8.2 | 0.25% | 0 |
| XJO | S&P/ASX 200 | 4074.9 | 11.7 | 0.29% | 0 |
| XKO | S&P/ASX 300 | 4080.6 | 11.7 | 0.29% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4090.4 | 3.2 | 0.08% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2330.5 | 16.6 | 0.72% | 0 |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 203 | 88 |
| Declines | 170 | 69 |
| Advancing Volume | 251.58m | 127.69m |
| Declining Volume | 140.01m | 67.78m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 452 | -57 | -11.2 |
| Declines | 398 | 62 | 18.45 |
| Unchanged | 308 | -4 | -1.28 |
| Total Traded Value | 1852 | -113 | -5.75 |
| New 52 Week Highs | 65 | 16 | 32.65 |
| New 52 Week Lows | 6 | 0 | 0 |
| Equity Call Option Volume | 34245 | 555 | 1.65 |
| Equity Put Option Volume | 28767 | 3373 | 13.28 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Industrials which gained 0.93% to 4999.20 points. The sector was helped by
- Macquarie Infrastructure Group (MIG), +$0.17 (4.76%) to $3.74 on volume of 20.27m shares;
- Patrick Corp (PRK), +$0.24 (3.66%) to $6.80 on volume of 1.36m shares;
- Transfield (TSE), +$0.17 (2.5%) to $6.96 on volume of 63,000 shares;
- Hills Motorways (HLY) +$0.18 (2.05%) to $8.95 on volume of 179,000 shares; and
- Tollholdgs (TOL), +$0.23 (1.79%) to $13.08 on volume of 362,000 shares.
Second in the sector leadership stakes was Information Technology which gained 0.75% to 403.80 points. The sector leaders were -
- Vision Systems(VSL), +$0.10 (7.69%) to $1.40 on volume of 1.08m shares;
- Baycorp (BCA), +$0.05 (1.57%) to $3.24 on volume of 1.79m shares;
- Iress (IRE), +$0.05 (1.32%) to $3.85 on volume of 56,000 shares;
- Infomedia (IFM), +$0.01 (1.3%) to $0.78 on volume of 721,000 shares; and
- Computershare (CPU), +$0.01 (0.17%) to $6.05 on volume of 717,000 shares.
The bronze today went to ASX200 ex Property Trusts which gained 0.70% to 4877.50 points. The sector was led by
- AMP (AMP), +$0.21 (2.91%) to $7.43 on volume of 4.95m shares;
- Macquarie Bank (MBL), +$1.35 (2.85%) to $48.70 on volume of 505,000 shares;
- Lend Lease (LLC), +$0.30 (2.29%) to $13.38 on volume of 760,000 shares;
- IOOF (IFL), +$0.18 (2.13%) to $8.62 on volume of 89,000 shares; and
- Record Investments (RCD), +$0.11 (1.87%) to $5.98 on volume of 247,000 shares.
The worst-performed sector today was Energy which lost 0.67% to 7051.40 points. The sector was dragged lower by
- Origin Energy (ORG), -$0.20 (2.78%) to $7.00 on volume of 1.02m shares;
- Arc Energy (ARQ), -$0.03 (1.73%) to $1.70 on volume of 501,000 shares;
- Caltex (CTX), -$0.07 (0.66%) to $10.60 on volume of 137,000 shares;
- Santos (STO), -$0.03 (0.36%) to $8.41 on volume of 1.39m shares; and
- Woodside (WPL), -$0.06 (0.29%) to $20.44 on volume of 594,000 shares.
Just in front of the last place on the sector table was Consumer Discretionary which lost 0.54% to 2402.10 points. The sector was pulled down by
- Miller's Retail (MRL), -$0.02 (1.92%) to $1.02 on volume of 652,000 shares;
- News Corpse A (NWSLV), -$0.44 (1.88%) to $22.96 on volume of 3.39m shares;
- G.U.D. (GUD), -$0.13 (1.41%) to $9.08 on volume of 326,000 shares;
- Aristocrat (ALL), -$0.12 (1.24%) to $9.52 on volume of 664,000 shares; and
- Harvey Norman (HVN), -$0.03 (0.97%) to $3.07 on volume of 707,000 shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XNJ | Industrials | 4999.2 | 45.9 | 0.93% | 38.34m |
| XIJ | Information Technology | 403.8 | 3 | 0.75% | 8.36m |
| XXJ | ASX200 ex Property Trusts | 4877.5 | 33.8 | 0.7% | 27.61m |
| XFJ | Financials | 4880.6 | 23.5 | 0.48% | 80.76m |
| XUJ | Utilities | 4628.5 | 17.5 | 0.38% | 2.46m |
| XMJ | Materials | 6627.6 | 21 | 0.32% | 68.03m |
| XTJ | Telecommunications | 1772.1 | 4.6 | 0.26% | 10.16m |
| XSJ | Consumer Staples | 5603.1 | 1.4 | 0.02% | 17.49m |
| XHJ | Healthcare | 4692.2 | -3.9 | -0.08% | 8.44m |
| XPJ | Property Trusts | 1863 | -4.3 | -0.23% | 55.45m |
| XDJ | Consumer Discretionary | 2402.1 | -13.1 | -0.54% | 25.6m |
| XEJ | Energy | 7051.4 | -47.8 | -0.67% | 15.87m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| MUL | Multiemedia.com | 0.034 | 0.002 | 6.25% | 64.6m |
| ANM | Aust Magnesium | 0.03 | 0.008 | 44.44% | 61.73m |
| ZYL | Zylotech | 0.008 | unchanged | 31.96m | |
| DYL | D Yellow | 0.03 | 0.008 | 40% | 29.58m |
| MOS | Mosaic Oil | 0.185 | -0.035 | -15.91% | 27.67m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| PEP | Peplin | 0.49 | 0.07 | 16.67% | 884150 |
| NHC | New Hope Corp | 1.62 | 0.16 | 10.96% | 329709 |
| NVE | Novera Energy | 0.365 | 0.03 | 8.96% | 773592 |
| VSL | Vision Systems | 1.40 | 0.10 | 7.69% | 1.08m |
| OMI | Occupational Med | 1.12 | 0.07 | 6.67% | 17500 |
All Ordinaries Top Losers
Oh dear... look at poor little Chemeq... it's "doing the Metabolic dump". Sure, Mosaic Oil did worse, but just think of how optimistic all those nuffies were as they hit "Confirm" on their little CommSec accounts to buy at market just after CMQ came back on the boards...
I honestly don't feel genuine schadenfreude about things like this. But for God's sake, how obvious was it?
As Bill Bonner is fond of saying, investors don't get what they expect, but they often get what they deserve. And if folks dive into a stock based on basically empty news, they deserve to get towelled (and usually do). They ought to be subject of ridicule, but they ought also to be pitied (oncethe trading day is done... never pity the other guy while your trading platform is open)
| Code | Name | Close | +/- | % | Volume |
| MOS | Mosaic Oil | 0.185 | -0.04 | -15.91% | 27.67m |
| CMQ | Chemeq | 1.58 | -0.17 | -9.71% | 2m |
| PSG | Palm Springs | 0.14 | -0.01 | -6.67% | 6060 |
| AAT | Autron Corp | 0.18 | -0.01 | -5.26% | 10000 |
| GDM | Goldstream | 0.37 | -0.02 | -5.13% | 32376 |
Elsewhere in the Region...
The Kiwi Market declined -10.63 points (-0.34%). Individual stocks that were a but suck included...
- Independent Newspapers (INL), -$0.10 (1.74%) to $5.65 on volume of 89,000 shares;
- Michael Hill International (MHI), -$0.14 (1.72%) to $8.00 on volume of 4,000 shares;
- Mainfreight Limited (MFT), -$0.04 (1.68%) to $2.34 on volume of 25,000 shares;
- Fletcher Building (FBU), -$0.10 (1.54%) to $6.40 on volume of 843,000 shares; and
- Pumpkin Patch Limited (PPL), -$0.04 (1.49%) to $2.65 on volume of 67,000 shares.
Hong Kong's Hang Seng index declined -15.85 points (-0.12%). Individual stocks that contributed to the decline included...
- Li & Fung (0494), -$0.30 (2.41%) to $12.15 on volume of 1.57m shares;
- China Resources (0291), -$0.25 (2.16%) to $11.35 on volume of 3.95m shares;
- Hang Lung Property (0101), -$0.25 (2.16%) to $11.35 on volume of 6.07m shares;
- CNOOC (0883), -$0.08 (1.89%) to $3.90 on volume of 37.74m shares;
- PCCW (0008), -$0.08 (1.52%) to $4.88 on volume of 8.3m shares; and
- Denway Motors (0203), -$0.03 (0.96%) to $2.58 on volume of 13.22m shares.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3076.266 | -10.63 | -0.34% | 18.76m |
| Japan | Nikkei 225 | Closed for Holiday | |||
| Korea | KOSPI | 871.56 | 0.72 | 0.08% | 226773 |
| Singapore | Straits Times | 2092.31 | 6.73 | 0.32% | 36.95m |
| Hong Kong | Hang Seng | 13559.01 | -15.85 | -0.12% | 176.99m |
| Malaysia | KLSE Comp | 917.86 | 1.58 | 0.17% | 32.49m |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SPI05M | SPI200 Index SFE | 4078 | 6 | 0.15% | 8763 |
| IR05M | 90-day Bank Bills SFE | 94.61 | 0 | 0% | 4623 |
| YT05M | 3-yr Bond SFE | 94.77 | -0.01 | -0.01% | 19146 |
| XT05M | 10-yr Bond SFE | 94.59 | 0.01 | 0.01% | 7796 |
