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 40.10 points (0.97%), finishing at 4156.50 points. The index hit an intraday high of 4159.20 and its low was 4116.4 (set at the open). The bulk of the day's gain in the index happened within an hour of the open - the market closed less than 5 All Ords points above the level it got to at 11 a.m.; in short, this was a handful of "basket buys" in the big-caps, plus a swathe of nuffie US-went-up-on-Friday camp-followers.
The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 - rose by 42.30 points (1.02%), finishing at 4172.80 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 28.00 points (1.26%), finishing at 2258.80 points. Within the index members, there were 17 that rose, and 3 losers. Total volume in rising issues within the ASX20 amounted to 88.15 while volume in the losers totalled 17.35m units.
The major winners in the "big guns" were -
- Rio Tinto (RIO), +$1.95 (4.3%) to $47.30 on volume of 3.55m shares;
- Woolworths (WOW), +$0.54 (3.6%) to $15.56 on volume of 2.83m shares;
- BHP Billiton (BHP), +$0.57 (3.06%) to $19.17 on volume of 44.39m shares;
- Wesfarmers (WES), +$0.82 (2.14%) to $39.22 on volume of 552,000 shares; and
- Alumina (AWC), +$0.11 (1.85%) to $6.04 on volume of 4.43m shares.
Here was me, believing the crap about markets being mythically forward looking (of course I don't believe it - as I've said a dozen times since Christmas, markets are lucky if they're even SIDEWAYS looking).
The big catalyst in the Resources appears to have been that RIO released some good monthly output stats, and announced that it was going to spend a quarter-billion bucks on finding some more stuff to dig up.Whoopdee-freaking doo: where were all those forward looking twerps before Resources became the sexy sector?
The following stocks made up the only 3 losers in the big-guns:
- National Australia Bank (NAB), -$0.16 (0.55%) to $28.74 on volume of 3.74m shares;
- Australia & New Zealand Banking Group (ANZ), -$0.05 (0.23%) to $21.33 on volume of 2.88m shares; and
- Telstra Corporation. (TLS), down a cent (0.19%) to $5.27 on volume of 10.73m 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 - rose by 9.30 points (0.39%), finishing at 2363.90 points. The major winners in the "pop-guns" were -
- Perilya (PEM), +$0.12 (11.88%) to $1.13 on volume of 1.28m shares;
- Norwood Abbey (NAL), +$0.04 (8.51%) to $0.51 on volume of 284,000 shares;
- Worleyparsons (WOR), +$0.46 (8%) to $6.21 on volume of 589,000 shares;
- AAV (AVV), +$0.11 (7.69%) to $1.54 on volume of 191,000 shares; and
- Institute Of Drug Technology Australia (IDT), +$0.14 (7%) to $2.14 on volume of 24,000 shares.
The losingest-little-guys for the session were (in order of decline):
- Sirtex Medical (SRX), -$0.22 (9.91%) to $2.00 on volume of 31,000 shares;
- Technology One (TNE), -$0.07 (9.46%) to $0.67 on volume of 1.58m shares; and
- Ventracor (VCR), -$0.07 (5.79%) to $1.14 on volume of 1.34m shares;
- Atlas Group Holdings (AHS), -$0.08 (5.63%) to $1.34 on volume of 1.55m shares; and
- Platinum Capital (PMC), -$0.10 (4.88%) to $1.95 on volume of 259,000 shares.
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4156.5 | 40.1 | 0.97% | 522.27m |
| XTL | S&P/ASX 20 | 2258.8 | 28 | 1.26% | 105.5m |
| XFL | S&P/ASX 50 | 4125.7 | 46.4 | 1.14% | 0 |
| XTO | S&P/ASX 100 | 3394.3 | 36 | 1.07% | 0 |
| XJO | S&P/ASX 200 | 4172.8 | 42.3 | 1.02% | 390.48m |
| XKO | S&P/ASX 300 | 4177.6 | 41.8 | 1.01% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4012.2 | 26.4 | 0.66% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2363.9 | 9.3 | 0.39% | 158.74m |
All Ordinaries Market Internals
| XAO | XJO | XSO | ASX20 | Market | |
| Advances | 209 | 105 | 80 | 17 | 952 |
| Declines | 175 | 70 | 79 | 3 | 706 |
| Advancing Volume | 303.72m | 249.85m | 89.34m | 88.15 | 639.12 |
| Declining Volume | 136.18m | 98.42m | 49.6m | 17.35 | 354.39 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Utilities which gained 2.40% to 4689.40 points. The sector was helped by
- Alinta (ALN), +$0.39 (4.79%) to $8.54 on volume of 1.35m shares;
- Australian Gas Light Company (AGL), +$0.34 (2.46%) to $14.15 on volume of 1.68m shares;
- Energy Developments (ENE), +$0.07 (1.9%) to $3.75 on volume of 95,000 shares;
- Gasnet Australia Group (GAS), -$0.01 (0.4%) to $2.49 on volume of 214,000 shares; and
- Diversified Utility And Energy Trusts (DUE), -$0.02 (0.79%) to $2.50 on volume of 794,000 shares.
Second in the sector leadership stakes was Information Technology which gained 2.36% to 382.20 points. The sector leaders were -
- Infomedia Ltd (IFM), +$0.02 (3.17%) to $0.65 on volume of 1.29m shares;
- Computershare. (CPU), +$0.16 (2.87%) to $5.73 on volume of 885,000 shares;
- IRESS Market Technology (IRE), +$0.08 (1.9%) to $4.28 on volume of 164,000 shares;
- MYOB (MYO), +$0.01 (0.8%) to $1.26 on volume of 140,000 shares; and
- Baycorp Advantage (BCA), +$0.01 (0.35%) to $2.83 on volume of 463,000 shares.
The bronze today went to Materials which gained 2.30% to 7462.60 points. The sector was led by
- Portman (PMM), +$0.19 (5.11%) to $3.91 on volume of 13.87m shares;
- Sims Group (SMS), +$0.85 (4.94%) to $18.05 on volume of 499,000 shares;
- Rio Tinto (RIO), +$1.95 (4.3%) to $47.30 on volume of 3.55m shares;
- BHP Billiton (BHP), +$0.57 (3.06%) to $19.17 on volume of 44.39m shares; and
- Gunns (GNS), +$0.13 (3.01%) to $4.45 on volume of 851,000 shares.
The worst-performed sector today was Healthcare which lost 0.34% to 4740.70 points. The sector was dragged lower by
- Ventracor (VCR), -$0.07 (5.79%) to $1.14 on volume of 1.34m shares;
- Sigma Company. (SIG), -$0.32 (3.74%) to $8.23 on volume of 300,000 shares; and
- Ramsay Health Care (RHC), -$0.20 (2.8%) to $6.94 on volume of 241,000 shares;
- Cochlear (COH), -$0.69 (2.31%) to $29.20 on volume of 126,000 shares; and
- Chemeq (CMQ), -$0.02 (1.65%) to $1.19 on volume of 158,000 shares.
Just in front of last place on the sector table was Telecommunications which lost 0.22% to 1870.80 points. The sectoronly has 2 stocks, so here they both are... note that there is no possible way that you can get -0.22% from any capitalisation-weighted combination of the percentage changes of the two stock prices. In short, either the ASX's index number is wrong, or the ASX's prices for TLS and/or TEL are wrong, or the index has more members.Still - here they are...
- Telstra Corporation. (TLS), off 1 cent (0.19%) to $5.27 on volume of 10.73m shares; and
- Telecom Corporation Of New Zealand (TEL), +$0.04 (0.69%) to $5.87 on volume of 1.76m shares.
| Code | GICS Sector | Close | +/- | % | Volume |
| XUJ | Utilities | 4689.4 | 109.8 | 2.4% | 5.06m |
| XIJ | Information Technology | 382.2 | 8.8 | 2.36% | 4.39m |
| XMJ | Materials | 7462.6 | 168 | 2.3% | 125.28m |
| XSJ | Consumer Staples | 5496 | 98 | 1.82% | 26.22m |
| XEJ | Energy | 7663.1 | 126.4 | 1.68% | 20.73m |
| XPJ | Property Trusts | 1780.6 | 17.1 | 0.97% | 78.45m |
| XFJ | Financials | 4901.5 | 32.1 | 0.66% | 120.06m |
| XXJ | ASX200 Financials ex Property Trusts | 4968.2 | 28.4 | 0.57% | 43.66m |
| XNJ | Industrials | 5020.4 | 22 | 0.44% | 43.37m |
| XDJ | Consumer Discretionary | 2267.1 | 8.7 | 0.39% | 35.79m |
| XTJ | Telecommunications | 1870.8 | -4.1 | -0.22% | 12.49m |
| XHJ | Healthcare | 4740.7 | -16 | -0.34% | 10.13m |
All Ordinaries Volume Leaders
| Code | Name | Close | +/- | % | Volume |
| BHP | BHP Billiton | 19.17 | 0.57 | 3.06% | 44.39m |
| AZR | Aztec Resources | 0.25 | 0.01 | 2.04% | 26.38m |
| ADY | Admiralty Resources. | 0.14 | 0.01 | 3.85% | 25.09m |
| MGX | Mount Gibson Iron | 0.71 | 0.11 | 18.33% | 15.44m |
| PMM | Portman | 3.91 | 0.19 | 5.11% | 13.87m |
| RMI | Resource Mining Corporation | 0.16 | 0.02 | 10.34% | 12.57m |
All Ordinaries Top Gainers
| Code | Name | Close | +/- | % | Volume |
| PEM | Perilya | 1.13 | 0.12 | 11.88% | 1.28m |
| CMP | Compumedics | 0.30 | 0.03 | 11.11% | 186170 |
| NAL | Norwood Abbey | 0.51 | 0.04 | 8.51% | 283845 |
| WOR | Worleyparsons | 6.21 | 0.46 | 8% | 588606 |
| AVV | AAV | 1.54 | 0.11 | 7.69% | 191112 |
All Ordinaries Top Losers
| Code | Name | Close | +/- | % | Volume |
| SRX | Sirtex Medical | 2.00 | -0.22 | -9.91% | 30700 |
| TNE | Technology One | 0.67 | -0.07 | -9.46% | 1.58m |
| PWT | Powertel | 1.31 | -0.13 | -9.03% | 318392 |
| SRI | Sipa Resources | 0.12 | -0.01 | -7.69% | 676200 |
| HLD | Homeleisure | 0.30 | -0.02 | -6.35% | 398291 |
Elsewhere in the Region...
Japan's Nikkei 225 rose 87.29 points (0.75%) to close at 11745.54 points.
The Kiwi Market advanced 47.44 points (1.50%). A total of 35 stocks within the NZSE50 rose, with volume in advancers totalling 15.8million units. Decliners numbered 8, and total volume traded in losers was 7.6million shares. Individual gainers were ...
- Tower Limited Ord (TWR), +$0.13 (7.1%) to $1.96 on volume of 917,000 shares;
- Axa Asia Pacific (AXA), +$0.24 (5.39%) to $4.69 on volume of 8,000 shares;
- Trustpower Limite (TPW), +$0.25 (4.46%) to $5.85 on volume of 5,000 shares;
- Sky Network Telev (SKY), +$0.25 (3.73%) to $6.95 on volume of 123,000 shares;
- Ryman Healthcare (RYM), +$0.13 (3.71%) to $3.63 on volume of 37,000 shares; and
- Independent Newsp (INL), +$0.23 (3.67%) to $6.50 on volume of 141,000 shares.
Hong Kong's Hang Seng index advanced 102.53 points (0.72%). Within the Hang Seng, 23 index components rose, while 5 stocks fell. Volume in the gainers in Hong Kong's big-cap index totalled 147.8million units, and total volume traded in losers was 29.8million shares. Individual stocks that contributed to the advance included...
- China Merchants Holdings (0144), +$0.40 (2.51%) to $16.35 on volume of 4.31m shares;
- Yue Yuen Industries (0551), +$0.50 (2.27%) to $22.55 on volume of 2.33m shares;
- Cosco Pacific (1199), +$0.35 (2.06%) to $17.35 on volume of 3.37m shares;
- CNOOC (0883), +$0.08 (1.69%) to $4.50 on volume of 41.9m shares;
- Hang Lung Properties (0101), +$0.15 (1.26%) to $12.10 on volume of 6.8m shares; and
- PCCW Limited (0008), +$0.05 (1.1%) to $4.60 on volume of 7.86m shares.
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3208.421 | 47.44 | 1.5% | 27.02m |
| Japan | Nikkei 225 | 11745.54 | 87.29 | 0.75% | 71155 |
| Korea | KOSPI | 1007.04 | 10.09 | 1.01% | 466007 |
| Singapore | Straits Times | 2136.54 | 1.46 | 0.07% | 0 |
| Hong Kong | Hang Seng | 14259.62 | 102.53 | 0.72% | 192.22m |
| Malaysia | KLSE Comp | 903.91 | 0.4 | 0.04% | 0 |
