Interdum stultus opportuna loquitur...

Thursday, February 17, 2005

OzRant: Banks Soft, but Resources, Retail Hang Tough

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 broad market - the ASX All Ordinaries - rose by 12.20 points (0.29%), finishing at 4155.00 points. The index hit an intraday high of 4160.10 and its low was 4141. The Index that forms the cash basis for the SFE's Share Price index Futures - the S&P/ASX 200 - rose by 15.20 points (0.37%), finishing at 4166.90 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 9.90 points (0.45%), finishing at 2232.70 points. Within the index members, there were 12 that rose, and 8 losers. Total volume in rising issues within the ASX20 amounted to 105.33m shares, while volume in the losers totalled 24.9m units.

The major winners in the "big guns" were -

  • BHP Billiton (BHP), +$0.48 (2.75%) to $17.93 on volume of 23.86m shares;
  • Westfield Group (WDC), +$0.42 (2.5%) to $17.20 on volume of 8.87m shares;
  • Coles Myer Ltd. (CML), +$0.20 (2.2%) to $9.29 on volume of 5.93m shares;
  • QBE Insurance Group (QBE), +$0.28 (1.79%) to $15.90 on volume of 3.38m shares; and
  • Wesfarmers (WES), +$0.40 (1.03%) to $39.10 on volume of 456,000 shares.

The big banks were the principal drag today - the biggest percentage losers in the big-guns:

  • Amcor (AMC), -$0.09 (1.26%) to $7.03 on volume of 6.42m shares;
  • Commonwealth Bank Of Australia. (CBA), -$0.39 (1.1%) to $35.10 on volume of 2.75m shares;
  • Australia And New Zealand Banking Group (ANZ), -$0.18 (0.84%) to $21.22 on volume of 2.94m shares;
  • Westpac Banking Corporation (WBC), -$0.14 (0.72%) to $19.19 on volume of 3.71m shares; and
  • St George Bank (SGB), -$0.16 (0.65%) to $24.52 on volume of 841,000 shares.

At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index - the only place where underexploited value exists with any regularity - fell by 0.50 points (-0.02%), finishing at 2397.80 points. The major winners in the "pop-guns" were -

  • Western Areas (WSA), +$0.16 (9.88%) to $1.78 on volume of 1.6m shares;
  • Mincor Resources (MCR), +$0.05 (6.49%) to $0.82 on volume of 8.32m shares;
  • Keycorp (KYC), +$0.08 (4.76%) to $1.76 on volume of 217,000 shares;
  • Giants Reef Mining (GTM), +$0.00 (4.11%) to $0.08 on volume of 3.58m shares; and
  • Macarthur Coal (MCC), +$0.23 (3.87%) to $6.18 on volume of 370,000 shares.

The losingest-little-guys for the session were (in order of decline):

  • Baycorp Advantage (BCA), -$0.23 (6.91%) to $3.10 on volume of 4.37m shares;
  • Great Southern Plantations (GTP), -$0.27 (5.56%) to $4.59 on volume of 10.92m shares; and
  • Psivida (PSD), -$0.06 (5.26%) to $1.08 on volume of 352,000 shares;
  • Dragon Mining (DRA), -$0.01 (3.85%) to $0.25 on volume of 415,000 shares; and
  • Collection House (CLH), -$0.06 (3.68%) to $1.57 on volume of 330,000 shares.
CodeNameClose+/-%Volume
XAOAll Ordinaries415512.20.29%586.69m
XTLS&P/ASX 202232.79.90.45%130.23m
XFLS&P/ASX 504102.120.10.49%0
XTOS&P/ASX 1003385.413.30.39%0
XJOS&P/ASX 2004166.915.20.37%0
XKOS&P/ASX 3004172.914.90.36%0
XMDS&P/ASX Mid-Cap 504077.9-8-0.2%0
XSOS&P/ASX Small Ordinaries2397.8-0.5-0.02%151.15m

All Ordinaries Market Internals

XAOXSOASX20
Advances1596312
Declines202878
Advancing Volume281.92m63.96m105.33m
Declining Volume225.1m65.18m24.9

S&P/ASX200 GICS Sector Indices

The top sector for the day was Property Trusts which gained 1.50% to 1841.60 points. The sector was helped by

  • General Property Trust (GPT), +$0.10 (2.65%) to $3.87 on volume of 7.12m shares;
  • Thakral Holdings Group (THG), +$0.02 (2.6%) to $0.79 on volume of 120,000 shares;
  • Westfield Group (WDC), +$0.42 (2.5%) to $17.20 on volume of 8.87m shares;
  • Stockland (SGP), +$0.13 (2.25%) to $5.91 on volume of 4.23m shares; and
  • Multiplex Group (MXG), +$0.11 (1.92%) to $5.84 on volume of 3.3m shares.

Second in the sector leadership stakes was Materials which gained 1.26% to 7202.90 points. The sector leaders were -

  • Iluka Resources (ILU), +$0.20 (3.5%) to $5.92 on volume of 5.57m shares;
  • Bluescope Steel (BSL), +$0.28 (2.93%) to $9.84 on volume of 4.26m shares;
  • BHP Billiton (BHP), +$0.48 (2.75%) to $17.93 on volume of 23.86m shares;
  • Onesteel (OST), +$0.07 (2.59%) to $2.77 on volume of 4.1m shares; and
  • Zinifex (ZFX), +$0.06 (2%) to $3.06 on volume of 6.99m shares.

The bronze today went to Consumer Staples which gained 0.70% to 5422.60 points. The sector was led by

  • Coles Myer Ltd. (CML), +$0.20 (2.2%) to $9.29 on volume of 5.93m shares;
  • Burns, Philp & Company (BPC), +$0.01 (1.03%) to $0.98 on volume of 3.7m shares;
  • Foster's Group (FGL), +$0.04 (0.76%) to $5.31 on volume of 3.19m shares;
  • Woolworths (WOW), +$0.07 (0.48%) to $14.80 on volume of 1.8m shares; and
  • AWB (AWB), +$0.02 (0.45%) to $4.49 on volume of 743,000 shares.

The worst-performed sector today was Information Technology which lost a whopping 5.86% to 401.50 points. The sector was dragged lower by

  • Computershare (CPU), -$0.47 (7.2%) to $6.06 on volume of 6.91m shares;
  • Baycorp Advantage (BCA), -$0.23 (6.91%) to $3.10 on volume of 4.37m shares;
  • Infomedia Ltd (IFM), -$0.02 (3.08%) to $0.63 on volume of 1.84m shares;
  • IRESS Market Technology (IRE), -$0.10 (2.33%) to $4.19 on volume of 169,000 shares; and
  • ERG (ERG), -$0.01 (1.61%) to $0.31 on volume of 436,000 shares.

Just in front of last place on the sector table was Utilities which lost 0.79% to 4652.60 points. The sector was pulled down by

  • Australian Gas Light Company (AGL), -$0.19 (1.35%) to $13.92 on volume of 748,000 shares;
  • Australian Pipeline Trust (APA), -$0.05 (1.33%) to $3.70 on volume of 373,000 shares;
  • Alinta (ALN), -$0.08 (0.91%) to $8.73 on volume of 511,000 shares;
  • Gasnet Australia Group (GAS), -$0.00 (0%) to $2.52 on volume of 836,000 shares; and
  • Diversified Utility And Energy Trusts (DUE), -$0.00 (0%) to $2.58 on volume of 1.12m shares.
CodeGICS SectorClose+/-%Volume
XPJProperty Trusts1841.627.31.5%77.27m
XMJMaterials7202.989.41.26%116.83m
XSJConsumer Staples5422.637.80.7%34.86m
XTJTelecommunications1877.570.37%25.73m
XNJIndustrials4999.315.30.31%65.06m
XHJHealthcare4777.113.60.29%8.35m
XEJEnergy7445.414.90.2%30.22m
XFJFinancials497270.14%135.88m
XDJConsumer Discretionary2300.2-1.5-0.07%37.8m
XXJASX200 Financials ex Property Trusts5012.2-11.9-0.24%67.47m
XUJUtilities4652.6-36.9-0.79%4.5m
XIJInformation Technology401.5-25-5.86%14.25m

All Ordinaries Volume Leaders

CodeNameClose+/-%Volume
TLSTelstra Corporation. 5.30 0.020.38%24.05m
BHPBHP Billiton17.930.482.75%23.86m
AMPAMP Limited7.510.030.4%23.7m
QANQantas Airways3.58-0.06-1.65%21.06m
CEUCAConnecteast Group 0.70 -0.01-1.41%13.19m
MGIMacquarie Goodman Industrial Trust2.3600%11.35m

All Ordinaries Top Gainers

CodeNameClose+/-%Volume
MSTMetal Storm0.230.0421.62%4.58m
ERAEnergy Resources Of Australia10.81.0410.66%28673
PMEPro Medicus1.30.1210.17%96663
WSAWestern Areas1.780.169.88%1.6m
ADAAdacel Technologies0.380.038.57%140773

All Ordinaries Top Losers

CodeNameClose+/-%Volume
CPUComputershare.6.06-0.47-7.2%6.91m
BCABaycorp Advantage3.1-0.23-6.91%4.37m
GTPGreat Southern Plantations4.59-0.27-5.56%10.92m
BGFBallarat Goldfields0.18-0.01-5.41%2.72m
PSDPsivida1.08-0.06-5.26%352433

Elsewhere in the Region...

Japan's Nikkei 225 rose 3.93 points (0.03%) to close at 11605.61 points.

The Kiwi Market advanced 5.80 points (0.18%). A total of 15 stocks within the NZSE50 rose, with volume in advancers totalling 8.9million units. Decliners numbered 21, and total volume traded in losers was 5.9million shares. Individual stocks that helped the advance included...

  • Tenon Limited (TEN), +$2.16 (96.43%) to $4.40 on volume of 15,000 shares;
  • Pumpkin Patch (PPL), +$0.14 (4.55%) to $3.22 on volume of 185,000 shares;
  • Michael Hill International (MHI), +$0.15 (2.01%) to $7.60 on volume of 29,000 shares;
  • Auckland International Airport (AIA), +$0.14 (1.69%) to $8.42 on volume of 409,000 shares;
  • Promina Group (PMN), +$0.08 (1.35%) to $6.00 on volume of 7,000 shares; and
  • Sky City Entertainment (SKC), +$0.06 (1.17%) to $5.19 on volume of 518,000 shares.

Hong Kong's Hang Seng index declined 37.65 points (-0.27%). Within the Hang Seng, 7 index components rose, while 19 stocks fell. Volume in the gainers in Hong Kong's big-cap index totalled 41million units, and total volume traded in losers was 54.4million shares. Individual stocks that contributed to the decline included...

  • Lenovo Group (0992), -$0.05 (2.25%) to $2.18 on volume of 5.95m shares;
  • Cki Holdings (1038), -$0.40 (1.68%) to $23.45 on volume of 682,000 shares;
  • Esprit Holdings (0330), -$0.50 (1.08%) to $46.00 on volume of 1.17m shares;
  • China Resources (0291), -$0.10 (0.89%) to $11.15 on volume of 3.02m shares;
  • Denway Motors (0203), -$0.03 (0.85%) to $2.90 on volume of 5.7m shares; and
  • Swire Pacific A (0019), -$0.50 (0.8%) to $62.25 on volume of 779,000 shares.
CountryNameClose+/-%Volume
New ZealandNZSE503164.0095.80.18%21.87m
JapanNikkei 22511605.613.930.03%64264
KoreaKOSPI972.5610.1%504837
SingaporeStraits Times2165.1610.060.47%0
Hong KongHang Seng13977.84-37.65-0.27%112.67m
MalaysiaKLSE Comp914.4-5.03-0.55%0