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Major Market Indices
With little guidance form the US, our market was always going to have a pretty tawdry time of it. As has become boringly predictable, though, there was the "opening orgasm" and the market was taken up about a dozen points (basis the ASX200) in short order.
Then the whole thing went "bleh" for three hours, before the hedgies dived out to finished the day empty handed (and, hopefully for their clients, make money on the long side in the morning an the short side in the afternoon).
That's one of the ironies of this market. All the "prudence and fortitude" crap that is forced down the throats of the poor schlubs whose paypackets get raped 9% a week ("buy and hold"... "stocks for the long term"... blah blah frigging blah) is nauseating when you know (as I do) that money managed for high value clients gets swung around like a mace during the session. No prizes for guessing which group of clients gets the higher returns... it's not the poor bastards who are dumb enough to take the Colonic Last State ads at face value...
Check out the chart - and if you can access SPI overnight SYCOM data, check where the SPI was when the US market clocked a TICK value of +1200... (that was at about 5 a.m.). Shorting the post-repo moonshot was a sensible thing to do, SPI-wise, as I surmised here yesterday.
ASX200 Intraday 5 minute chart
The "heavy hitters" of the Australian market - the ASX 20 Leaders - fell by 2.10 points (-0.10%), finishing at 2158.30 points. The major winners in the "big guns" were -
- QBE Insurance (QBE), +$0.30 (1.99%) to $15.40 on volume of 1.78m shares;
- Alumina (AWC), +$0.08 (1.34%) to $6.04 on volume of 4.52m shares;
- Rio Tinto (RIO), +$0.40 (1.02%) to $39.46 on volume of 2.81m shares;
- Woodside (WPL), +$0.15 (0.73%) to $20.56 on volume of 957,000 shares; and
- Woolworths (WOW), +$0.08 (0.54%) to $14.85 on volume of 1.47m shares.
Meanwhile the following stocks brought up the rear:
- Fosters (FGL), -$0.12 (2.05%) to $5.73 on volume of 4.61m shares;
- AMP (AMP), -$0.12 (1.61%) to $7.32 on volume of 3.79m shares;
- News Corpse A (NWSLV), -$0.34 (1.48%) to $22.62 on volume of 4.23m shares;
- Coles Myer (CML), -$0.11 (1.13%) to $9.63 on volume of 5.65m shares; and
- News Corpse B (NWS), -$0.19 (0.79%) to $23.78 on volume of 4.76m shares.
Meanwhile, the smaller end of the market's capitalisation scale - the ASX Small Ordinaries - rose by 1.80 points (0.08%), finishing at 2332.30 points. The major winners in the "pop-guns" were -
- Metabolic (MBP), managing to regain some lost value with a rise of +$0.09 (7.2%) to $1.34 on volume of 1.91m shares;
- Globe International (GLB), +$0.03 (6.25%) to $0.51 on volume of 645,000 shares;
- Equigold (EQI), +$0.08 (5.44%) to $1.55 on volume of 111,000 shares;
- Tech One (TNE), +$0.03 (4.29%) to $0.73 on volume of 1.03m shares; and
- Vision Systems(VSL), +$0.06 (4.26%) to $1.47 on volume of 605,000 shares.
Meanwhile the following stocks brought up the rear:
- Multiemedia (MUL), -$0.002 (6.06%) to $0.031 on volume of 14.5m shares;
- Rebel (REB), -$0.17 (5.4%) to $2.98 on volume of 43,000 shares;
- G.U.D. (GUD), -$0.37 (4.08%) to $8.69 on volume of 597,000 shares; and
- Citect (CTL), -$0.04 (3.92%) to $0.98 on volume of 255,000 shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4070.3 | -1.4 | -0.03% | 0 |
| XTL | S&P/ASX 20 | 2158.3 | -2.1 | -0.1% | 0 |
| XFL | S&P/ASX 50 | 3995.9 | -1.3 | -0.03% | 0 |
| XTO | S&P/ASX 100 | 3310.5 | -2.1 | -0.06% | 0 |
| XJO | S&P/ASX 200 | 4072.7 | -2.2 | -0.05% | 0 |
| XKO | S&P/ASX 300 | 4078.6 | -2 | -0.05% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4080.5 | -9.9 | -0.24% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2332.3 | 1.8 | 0.08% | 0 |
All Ordinaries Market Internals
| XAO | XSO | |
| Advances | 186 | 72 |
| Declines | 156 | 68 |
| Advancing Volume | 215.78m | 64.59m |
| Declining Volume | 190.18m | 54.78m |
Broad Market Internals
| Indicator | Level | +/- | % |
| Advances | 456 | 4 | 0.88 |
| Declines | 398 | 0 | 0 |
| Unchanged | 348 | 40 | 12.99 |
| Total Traded Value | 2456 | 602 | 32.47 |
| New 52 Week Highs | 60 | -5 | -7.69 |
| New 52 Week Lows | 13 | 7 | 116.67 |
| Equity Call Option Volume | 41598 | 7353 | 21.47 |
| Equity Put Option Volume | 29509 | 740 | 2.57 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Energy which gained 0.84% to 7110.80 points. The sector was helped by
- Oil Search (OSH), +$0.06 (3.39%) to $1.83 on volume of 6.39m shares;
- Aust World (AWE), +$0.05 (2.81%) to $1.83 on volume of 768,000 shares;
- Santos (STO), +$0.17 (2.03%) to $8.55 on volume of 2.32m shares;
- Hardman (HDR), +$0.02 (1.19%) to $1.70 on volume of 9.49m shares; and
- Tap Oil (TAP), +$0.02 (1.18%) to $1.72 on volume of 1.1m shares.
Second in the sector leadership stakes was Materials which gained 0.35% to 6651.00 points. The sector leaders were -
- Boral (BLD), +$0.20 (2.89%) to $7.11 on volume of 4.99m shares;
- Jubilee Mining (JBM), +$0.12 (2.67%) to $4.62 on volume of 1.85m shares;
- Zinifex (ZFX), +$0.06 (2.39%) to $2.57 on volume of 11.56m shares;
- Oxiana (OXR), +$0.02 (2.11%) to $0.97 on volume of 13.45m shares; and
- Excel Coal (EXL), +$0.10 (1.97%) to $5.17 on volume of 1.23m shares.
The bronze today went to Healthcare which gained 0.19% to 4701.20 points. The sector was led by
- Cochlear (COH), +$0.92 (3.54%) to $26.94 on volume of 412,000 shares;
- Ansell (ANN), +$0.23 (2.6%) to $9.09 on volume of 2.55m shares;
- Chemeq (CMQ), +$0.03 (1.91%) to $1.60 on volume of 1.45m shares;
- CSL (CSL), +$0.10 (0.32%) to $31.10 on volume of 475,000 shares; and
- Invocare (IVC), +$0.01 (0.3%) to $3.34 on volume of 67,000 shares.
The worst-performed sector today was Information Technology which lost 1.19% to 399.00 points. The sector was dragged lower by
- Myob (MYO), -$0.05 (3.79%) to $1.27 on volume of 646,000 shares;
- ERG Limited(ERG), -$0.01 (1.54%) to $0.32 on volume of 3.38m shares;
- Computershare (CPU), -$0.09 (1.49%) to $5.95 on volume of 3.1m shares;
- Iress (IRE), -$0.05 (1.3%) to $3.80 on volume of 28,000 shares; and
- Baycorp (BCA), -$0.03 (0.93%) to $3.21 on volume of 237,000 shares.
Just in front of the last place on the sector table was Industrials which lost 0.67% to 4965.60 points. The sector was pulled down by
- Hills Motorway (HLY), -$0.32 (3.58%) to $8.63 on volume of 106,000 shares;
- Macquarie Infrastructure Group (MIG), -$0.10 (2.67%) to $3.65 on volume of 11.77m shares;
- GWA International (GWT), -$0.06 (1.85%) to $3.19 on volume of 253,000 shares;
- Patrick Corporation (PRK), -$0.10 (1.47%) to $6.69 on volume of 1.03m shares; and
- Transurban (TCL), -$0.09 (1.29%) to $6.87 on volume of 1.1m shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XEJ | Energy | 7110.8 | 59.4 | 0.84% | 42.46m |
| XMJ | Materials | 6651 | 23.4 | 0.35% | 8.48m |
| XHJ | Healthcare | 4701.2 | 9 | 0.19% | 36.27m |
| XXJ | ASX200 ex Property Trusts | 4879.2 | 1.7 | 0.03% | 139m |
| XFJ | Financials | 4881.5 | 0.9 | 0.02% | 3.25m |
| XPJ | Property Trusts | 1862.3 | -0.7 | -0.04% | 98.48m |
| XUJ | Utilities | 4626.7 | -1.8 | -0.04% | 18.98m |
| XTJ | Telecommunications | 1770.6 | -1.5 | -0.08% | 28.43m |
| XSJ | Consumer Staples | 5574.1 | -29 | -0.52% | 10.36m |
| XDJ | Consumer Discretionary | 2389.1 | -13 | -0.54% | 111.37m |
| XNJ | Industrials | 4965.6 | -33.6 | -0.67% | 33.53m |
| XIJ | Information Technology | 399 | -4.8 | -1.19% | 23.75m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| RRS | Range Resources | 0.038 | -0.017 | -30.91% | 101.74m |
| DYL | D Yellow | 0.034 | 0.006 | 21.43% | 43.22m |
| OBJ | Objectif | 0.041 | 0.007 | 20.59% | 39.58m |
| ETC | EMT Corp | 0.017 | 0.004 | 30.77% | 28.6m |
| AZR | Aztec Resources | 0.18 | 0.03 | 16.67% | 23.7m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| CAG | Cape Range | 0.041 | 0.004 | 10.81% | 1.86m |
| ALU | Altium | 0.34 | 0.03 | 7.94% | 80402 |
| IAS | International All Sports | 0.34 | 0.03 | 7.94% | 163510 |
| MBP | Metabolic Pharma | 1.34 | 0.09 | 7.2% | 1.91m |
| BOC | Bougainville | 0.45 | 0.03 | 7.14% | 186017 |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| OTT | Open Telecommun | 0.30 | -0.02 | -6.25% | 103267 |
| PNA | Pan Aust Resources | 0.15 | -0.01 | -6.25% | 1.93m |
| MUL | Multiemedia.com | 0.031 | -0.002 | -6.06% | 14.5m |
| MST | Metal Storm | 0.25 | -0.02 | -5.77% | 411428 |
| REB | Rebel Sport | 2.98 | -0.17 | -5.4% | 42823 |
Elsewhere in the Region...
The Kiwi Market climbed another 7.45 points (0.24%) to another record close. Individual stocks that provided the leadership included
- Tourism Holdings (THL), +$0.06 (2.87%) to $2.15 on volume of 51,000 shares;
- Waste Management (WAM), +$0.11 (1.96%) to $5.71 on volume of 143,000 shares;
- Independent Newspapers (INL), +$0.10 (1.77%) to $5.75 on volume of 168,000 shares;
- Baycorp Advantage (BCA), +$0.06 (1.73%) to $3.52 on volume of 228,000 shares;
- Sky City Entertainment (SKC), +$0.09 (1.66%) to $5.50 on volume of 253,000 shares; and
- NGC Holdings (NGC), +$0.05 (1.65%) to $3.08 on volume of 343,000 shares.
Hong Kong's Hang Seng index declined 35.83 points (-0.26%). Individual stocks that contributed to the decline included...
- Cheung Kong Holdings (1038), -$0.55 (2.59%) to $20.70 on volume of 995,000 shares;
- Swire Pacific A (0019), -$1.25 (2.02%) to $60.75 on volume of 1.32m shares;
- China Unicom (0762), -$0.10 (1.72%) to $5.70 on volume of 9.43m shares;
- China Merchants Holdings (0144), -$0.20 (1.36%) to $14.50 on volume of 3.64m shares;
- China Resources (0291), -$0.15 (1.31%) to $11.30 on volume of 2.16m shares; and
- CNOOC (0883), -$0.05 (1.28%) to $3.85 on volume of 35.94m shares.
The Nikkei came back from yesterday's holiday with the a post-holiday zest that used to be performed only performed by American tech "investors". I can remember back in the Asian Tiger days, when American investors and businessmen wanted to be more like the Japanese - but now everybody invests like Joe SixPack.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3083.711 | 7.45 | 0.24% | 20.76m |
| Japan | Nikkei 225 | 11564.53 | 131.29 | 1.15% | 72551 |
| Korea | KOSPI | 880.99 | 6.81 | 0.78% | 321311 |
| Singapore | Straits Times | 2092.31 | 2.63 | 0.13% | 61.55m |
| Hong Kong | Hang Seng | 13495.56 | -35.83 | -0.26% | 204.83m |
| Malaysia | KLSE Comp | 926.62 | 7.6 | 0.83% | 51.97m |
Main SFE Futures Contracts
| Code | Instrument | Close | +/- | % | Volume |
| SPI05m | SPI200 Index SFE | 4068 | -9 | -0.22% | 9746 |
| IR05M | 90-day Bank Bills SFE | 94.62 | 0 | 0% | 9601 |
| YT05M | 3-yr Bond SFE | 94.84 | 0.07 | 0.07% | 56191 |
| XT05M | 10-yr Bond SFE | 94.66 | 0.08 | 0.08% | 22150 |
