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Wednesday, February 09, 2005

OzRant: A Soft Afternoon

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Major Market Indices

The broad market - the ASX All Ordinaries - fell by 9.10 points (-0.22%), finishing at 4163.20 points. The index hit an intraday high of 4180.20 (about twenty minutes into the session... you can always sense when a move is ending by this sort of behaviour)and its low was 4158.10 points, set after 3 p.m. The Index that forms the cash basis for the SFE's Share Price index Futures - the S&P/ASX 200 - fell by 7.10 points (-0.17%), finishing at 4172.00 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders - managed to avoid the ignominy of a loss, and managed to rise by 2.20 points (0.10%), finishing at 2216.70 points. Within the index members, there were 8 that rose, and 12 losers. Total volume in rising issues within the ASX20 amounted to 55.13m while volume in the losers totalled 51.11m units.

The major winners in the "big guns" were clearly the banks, led by the Commonwealth bank after it posted better-than-expected earnings results. The other banks fell into line:

  • Commonwealth Bank Of Australia. (CBA), +$1.33 (3.86%) to $35.76 on volume of 8.65m shares;
  • Australia And New Zealand Banking Group (ANZ), +$0.27 (1.31%) to $20.92 on volume of 2.65m shares;
  • Westpac Banking Corporation (WBC), +$0.23 (1.19%) to $19.52 on volume of 5.22m shares;
  • Westfield Group (WDC), +$0.19 (1.12%) to $17.09 on volume of 4.41m shares; and
  • St George Bank (SGB), +$0.16 (0.65%) to $24.89 on volume of 924,000 shares.

The following stocks made up the biggest percentage losers in the big-guns:

  • BHP Billiton (BHP), -$0.33 (1.95%) to $16.63 on volume of 17.75m shares;
  • Alumina (AWC), -$0.10 (1.69%) to $5.82 on volume of 3.44m shares; and
  • QBE Insurance Group (QBE), -$0.26 (1.66%) to $15.44 on volume of 1.66m shares;
  • Amcor (AMC), -$0.11 (1.5%) to $7.20 on volume of 3.13m shares; and
  • Wesfarmers (WES), -$0.61 (1.48%) to $40.50 on volume of 1.98m 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 -5.50 points (-0.23%), finishing at 2408.90 points. The major winners in the "pop-guns" were -

  • Virotec International (VTI), +$0.06 (10.53%) to $0.63 on volume of 669,000 shares;
  • Sunland Group (SDG), +$0.16 (6.53%) to $2.61 on volume of 767,000 shares;
  • Record Investments (RCD), +$0.36 (5.96%) to $6.40 on volume of 779,000 shares;
  • Hardman Resources (HDR), +$0.10 (5.81%) to $1.82 on volume of 8.56m shares; and
  • Mosaic Oil (MOS), +$0.01 (5.71%) to $0.19 on volume of 5.99m shares.

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

  • Lynas Corporation (LYC), -$0.05 (15.63%) to $0.27 on volume of 1.52m shares;
  • Macquarie Leisure Trust Group (MLE), -$0.14 (6.86%) to $1.90 on volume of 1.6m shares; and
  • Mincor Resources (MCR), -$0.04 (5.48%) to $0.69 on volume of 3.02m shares;
  • Zinifex (ZFX), -$0.16 (5.25%) to $2.89 on volume of 8.98m shares; and
  • Metabolic Pharmaceuticals (MBP), -$0.05 (5%) to $0.95 on volume of 2.03m shares.
Code Name Close +/- % Volume
XAO All Ordinaries 4163.2 -9.1 -0.22% 595.46m
XTL S&P/ASX 20 2216.7 2.2 0.1% 106.24m
XFL S&P/ASX 50 4092.6 -5.1 -0.12% 0
XTO S&P/ASX 100 3388.8 -5.9 -0.17% 0
XJO S&P/ASX 200 4172 -7.1 -0.17% 0
XKO S&P/ASX 300 4178.4 -7.4 -0.18% 0
XMD S&P/ASX Mid-Cap 50 4164.2 -18.8 -0.45% 0
XSO S&P/ASX Small Ordinaries 2408.9 -5.5 -0.23% 173.72m

All Ordinaries Market Internals


XAO XSO ASX20
Advances 159 61 8
Declines 205 89 12
Advancing Volume 228.14m 73.92m 55.13m
Declining Volume 278.62m 68.04m 51.11

Broad Market Internals

Indicator Level +/- %
Advances 412 -16 -3.74
Declines 458 4 0.88
Unchanged 316 -19 -5.67
Total Traded Value 3334 -586 -14.95
New 52 Week Highs 61 -22 -26.51
New 52 Week Lows 22 6 37.5
Equity Call Option Volume 45468 -15333 -25.22
Equity Put Option Volume 34041 -14794 -30.29

S&P/ASX200 GICS Sector Indices

The top sector for the day was ASX200 Financials ex Property Trusts which gained 0.64% to 5036.10 points. Think "banks", although the sector was helped by other issues as well...

  • Record Investments (RCD), +$0.36 (5.96%) to $6.40 on volume of 779,000 shares;
  • Commonwealth Bank Of Australia. (CBA), +$1.33 (3.86%) to $35.76 on volume of 8.65m shares;
  • Australia And New Zealand Banking Group (ANZ), +$0.27 (1.31%) to $20.92 on volume of 2.65m shares;
  • Westpac Banking Corporation (WBC), +$0.23 (1.19%) to $19.52 on volume of 5.22m shares; and
  • IOOF Holdings (IFL), +$0.10 (1.17%) to $8.66 on volume of 29,000 shares.

Second in the sector leadership stakes was Financials which gained 0.60% to 4998.70 points. The sector leaders were -

  • Record Investments (RCD), +$0.36 (5.96%) to $6.40 on volume of 779,000 shares;
  • Commonwealth Bank Of Australia. (CBA), +$1.33 (3.86%) to $35.76 on volume of 8.65m shares;
  • ING Office Fund (IOF), +$0.02 (1.59%) to $1.28 on volume of 3.27m shares;
  • Valad Property Group (VPG), +$0.02 (1.49%) to $1.36 on volume of 1.12m shares; and
  • Thakral Holdings Group (THG), +$0.01 (1.33%) to $0.76 on volume of 246,000 shares.

The bronze today went to Property Trusts which gained 0.46% to 1855.30 points. The sector was led by

  • ING Office Fund (IOF), +$0.02 (1.59%) to $1.28 on volume of 3.27m shares;
  • Valad Property Group (VPG), +$0.02 (1.49%) to $1.36 on volume of 1.12m shares;
  • Thakral Holdings Group (THG), +$0.01 (1.33%) to $0.76 on volume of 246,000 shares;
  • Westfield Group (WDC), +$0.19 (1.12%) to $17.09 on volume of 4.41m shares; and
  • Macquarie Prologis Trust (MPR), +$0.01 (0.9%) to $1.12 on volume of 1.55m shares.

The worst-performed sector today was Materials which lost 1.31% to 6959.20 points. The sector was dragged lower by

  • Zinifex (ZFX), -$0.16 (5.25%) to $2.89 on volume of 8.98m shares;
  • Minara Resources (MRE), -$0.05 (2.56%) to $1.90 on volume of 3.9m shares; and
  • Onesteel (OST), -$0.06 (2.14%) to $2.74 on volume of 2.54m shares;
  • Aquarius Platinum (AQP), -$0.11 (1.96%) to $5.50 on volume of 30,000 shares; and
  • BHP Billiton (BHP), -$0.33 (1.95%) to $16.63 on volume of 17.75m shares.

Just in front of last place on the sector table was Industrials which lost 0.93% to 5132.80 points. The sector was pulled down by

  • Australian Infrastructure Fund (AIX), -$0.12 (4.36%) to $2.63 on volume of 1.64m shares;
  • Downer EDI (DOW), -$0.13 (2.39%) to $5.30 on volume of 843,000 shares; and
  • United Group. (UGL), -$0.17 (2.34%) to $7.10 on volume of 347,000 shares;
  • Prime Infrastructure Group (PIF), -$0.03 (2.21%) to $1.33 on volume of 1m shares; and
  • Leighton Holdings (LEI), -$0.24 (2%) to $11.78 on volume of 356,000 shares.
Code GICS Sector Close +/- % Volume
XXJ ASX200 Financials ex Property Trusts 5036.1 31.9 0.64% 52.05m
XFJ Financials 4998.7 29.7 0.6% 115.94m
XPJ Property Trusts 1855.3 8.5 0.46% 68.29m
XTJ Telecommunications 1861.3 4.9 0.26% 25.65m
XEJ Energy 7375.1 8.3 0.11% 25.34m
XUJ Utilities 4753.9 -3.2 -0.07% 5.39m
XIJ Information Technology 423.1 -0.5 -0.12% 10.28m
XSJ Consumer Staples 5500 -27.6 -0.5% 36.09m
XHJ Healthcare 4898 -27.5 -0.56% 9.76m
XDJ Consumer Discretionary 2345.7 -13.3 -0.56% 30.64m
XNJ Industrials 5132.8 -48.3 -0.93% 45.88m
XMJ Materials 6959.2 -92.2 -1.31% 124.59m

All Ordinaries Volume Leaders

Code Name Close +/- % Volume
ADY Admiralty Resources. 0.11 -0.01 -4.35% 35.51m
TLS Telstra Corporation. 5.24 0.01 0.19% 24.15m
WMR WMC Resources 7.48 -0.04 -0.53% 22.63m
LHG Lihir Gold 1.05 0.03 2.94% 20.99m
BHP BHP Billiton 16.63 -0.33 -1.95% 17.75m
AZR Aztec Resources 0.23 0 0% 16.02m

All Ordinaries Top Gainers

Code Name Close +/- % Volume
VTI Virotec International 0.63 0.06 10.53% 668577
IHG Intellect Holdings 0.038 0.003 8.57% 15.98m
SDG Sunland Group 2.61 0.16 6.53% 767142
RCD Record Investments 6.4 0.36 5.96% 778791
HDR Hardman Resources 1.82 0.1 5.81% 8.56m

All Ordinaries Top Losers

Code Name Close +/- % Volume
LYC Lynas Corporation 0.27 -0.05 -15.63% 1.52m
MLE Macquarie Leisure Trust Group 1.9 -0.14 -6.86% 1.6m
API Australian Pharmaceutical Industries 3.28 -0.22 -6.29% 14.82m
BGF Ballarat Goldfields 0.15 -0.01 -6.25% 6.12m
TRY Troy Resources 2.74 -0.16 -5.52% 45800

Elsewhere in the Region...

The Kiwi Market advanced 26.71 points (0.85%) to a new record close. Individual stocks that dud well included...

  • Fletcher Building (FBU), +$0.58 (8.54%) to $7.37 on volume of 2.02m shares;
  • Steel & Tube Holdings (STU), +$0.17 (3.4%) to $5.17 on volume of 163,000 shares;
  • Cavalier Corporation (CAV), +$0.10 (2.27%) to $4.50 on volume of 30,000 shares;
  • AMP NZ Office Trust (APT), +$0.02 (2.13%) to $0.96 on volume of 1.67m shares;
  • Nuplex Industries (NPX), +$0.10 (1.72%) to $5.90 on volume of 232,000 shares; and
  • Michael Hill International (MHI), +$0.12 (1.68%) to $7.27 on volume of 8,000 shares.

Hong Kong's Hang Seng index advanced 50.63 points (0.37%). Individual stocks that contributed to the advance included...

  • Lenovo Group (0992), +$0.08 (3.37%) to $2.30 on volume of 62.71m shares;
  • Li & Fung (0494), +$0.25 (1.94%) to $13.15 on volume of 4.8m shares;
  • Cosco Pacific (1199), +$0.25 (1.47%) to $17.30 on volume of 1.9m shares;
  • CNOOC (0883), +$0.05 (1.27%) to $3.98 on volume of 26.9m shares;
  • Denway Motors (0203), +$0.03 (0.87%) to $2.90 on volume of 23.2m shares; and
  • Bank Of E Asia (0023), +$0.20 (0.85%) to $23.60 on volume of 1.88m shares.
Country Name Close +/- % Volume
New Zealand NZSE50 3175.321 26.71 0.85% 19.3m
Japan Nikkei 225 11475.25 -15.18 -0.13% 91371
Korea KOSPI 949.19 15.64 1.68% 421374
Singapore Straits Times 2140.16 0 0% 0
Hong Kong Hang Seng 13845.63 50.63 0.37% 218.21m
Malaysia KLSE Comp 914.91 2.33 0.26% 0