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The 4-day death-cult festival is finally over... now we can get back to some healthy capitalism (apart, of course, from the fact that every enterprise - from the biggest listed stock to the local footy club - is infested with a layer of parasitic bullshit-artists whose entire existence depends on non-competitive behaviour)...
Major Market Indices
The broad market - the ASX All Ordinaries - fell by 39.70 points (-0.96%), finishing at 4091.90 points. The index hit an intraday high of 4144.20 - 20 minutes after the open - and fell to an intraday low of 4086.4 with half an hour remaining in the session.
The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 - fell by 40.90 points (-0.99%), finishing at 4095.60 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - fell by 22.90 points (-1.03%), finishing at 2207.70 points. Within the index members, there was just a single ticker - Woodside - that rose, and 18 losers, with Foster's managing to end the fray with an honourable draw. Total volume in rising issues within the ASX20 amounted to a paltry 1.42m while volume in the losers totalled 91.82m units.
The major winners in the "big guns" were -
- Woodside Petroleum (WPL), +$0.50 (2.06%) to $24.80 on volume of 1.42m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- AMP Limited (AMP), -$0.17 (2.41%) to $6.87 on volume of 8.85m shares;
- Telstra Corporation. (TLS), -$0.10 (1.95%) to $5.02 on volume of 22.97m shares;
- BHP Billiton (BHP), -$0.29 (1.59%) to $17.96 on volume of 13.68m shares;
- Rio Tinto (RIO), -$0.66 (1.45%) to $44.77 on volume of 3.11m shares; and
- Australia And New Zealand Banking Group (ANZ), -$0.27 (1.29%) to $20.59 on volume of 5.24m 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 26.60 points (-1.13%), finishing at 2333.40 points. The major winners in the "pop-guns" were -
- Norwood Abbey (NAL), +$0.04 (9.09%) to $0.48 on volume of 309,000 shares;
- Citect Corporation (CTL), +$0.05 (4.76%) to $1.10 on volume of 245,000 shares;
- Housewares International (HWI), +$0.09 (4.57%) to $2.06 on volume of 87,000 shares;
- Giants Reef Mining (GTM), +$0.00 (3.23%) to $0.06 on volume of 2.73m shares; and
- Burns, Philp & Company (BPC), +$0.03 (3%) to $1.03 on volume of 6.68m shares.
The losingest-little-guys for the session were (in order of decline):
- GRD (GRD), -$0.25 (11.11%) to $2.00 on volume of 130,000 shares;
- Multiemedia (MUL), -$0.002 (8.7%) to $0.021 on volume of 16.18m shares; and
- Sino Gold (SGX), -$0.15 (7.69%) to $1.80 on volume of 41,000 shares;
- Chemeq (CMQ), -$0.10 (6.33%) to $1.48 on volume of 424,000 shares; and
- Kimberley Diamond Company. (KIM), -$0.07 (6.25%) to $1.05 on volume of 1.04m shares.
| Index Changes | |||||
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4091.9 | -39.7 | -0.96% | 560.51m |
| XTL | S&P/ASX 20 | 2207.7 | -22.9 | -1.03% | 96.48m |
| XFL | S&P/ASX 50 | 4040.1 | -41.1 | -1.01% | 0 |
| XTO | S&P/ASX 100 | 3327.9 | -33.2 | -0.99% | 0 |
| XJO | S&P/ASX 200 | 4095.6 | -40.9 | -0.99% | 425.63m |
| XKO | S&P/ASX 300 | 4098.2 | -41.4 | -1% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 3961.9 | -35.1 | -0.88% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2333.4 | -26.6 | -1.13% | 147.64m |
All Ordinaries Market Internals
| Market Breadth | |||||
| XAO | XJO | XSO | ASX20 | Market | |
| Advances | 79 | 35 | 30 | 1 | 276 |
| Declines | 294 | 135 | 128 | 18 | 678 |
| Advancing Volume | 81.79m | 74.16m | 25.09m | 1.42 | 219.15 |
| Declining Volume | 352.43m | 273.07m | 103.17m | 91.82 | 611.27 |
S&P/ASX200 GICS Sector Indices
The only sector that posted a gain for the day was Energy which gained 0.32% to 8145.40 points - although on an unweighted average basis the stocks in the index fell an average of 0.94%, and 7 of the stocks in the index fell while just 4 rose. The sector was helped by the fact that Woodside rose; had WPL joined the decliners, there would not have been a single sector that rose.
- Oil Search (OSH), +$0.07 (2.99%) to $2.41 on volume of 6.61m shares;
- Woodside Petroleum (WPL), +$0.50 (2.06%) to $24.80 on volume of 1.42m shares;
- Santos (STO), +$0.13 (1.49%) to $8.86 on volume of 4.07m shares; and
- Tap Oil (TAP), +$0.02 (0.99%) to $2.04 on volume of 906,000 shares.
There was no other sector that rose - the next-best-performed sector was Consumer Staples which lost -0.23% to 5595.70 points, only a hair better than the third sector - Utilities - which lost -0.25% to 4718.80 points.
The worst-performed sector today was Information Technology which lost 1.89% to 369.40 points. The sector was dragged lower by
- Computershare (CPU), -$0.17 (3.02%) to $5.46 on volume of 1.83m shares;
- MYOB (MYO), -$0.03 (2.78%) to $1.05 on volume of 115,000 shares;
- Vision Systems (VSL), -$0.03 (2.48%) to $1.18 on volume of 217,000 shares;
- ERG (ERG), -$0.01 (1.56%) to $0.32 on volume of 1.86m shares; and
- IRESS Market Technology (IRE), -$0.04 (0.96%) to $4.12 on volume of 23,000 shares.
Just in front of last place on the sector table was the two-stock Telecommunications "sector" which lost 1.71% to 1789.70 points - in other words, Telstra fell. As it happens, so did Telecom New Zealand...
- Telstra Corporation. (TLS), -$0.10 (1.95%) to $5.02 on volume of 22.97m shares; and
- Telecom Corporation Of New Zealand (TEL), -$0.02 (0.35%) to $5.69 on volume of 2.45m shares.
| Sector Indices | |||||
| Code | GICS Sector | Close | +/- | % | Volume |
| XEJ | Energy | 8145.4 | 26.2 | 0.32% | 21.55m |
| XSJ | Consumer Staples | 5595.7 | -13 | -0.23% | 37.47m |
| XUJ | Utilities | 4718.8 | -11.6 | -0.25% | 5.46m |
| XPJ | Property Trusts | 1745.3 | -4.4 | -0.25% | 89.39m |
| XNJ | Industrials | 4985.5 | -25.9 | -0.52% | 42.64m |
| XFJ | Financials | 4767.6 | -45.4 | -0.94% | 144.59m |
| XDJ | Consumer Discretionary | 2282.8 | -22.8 | -0.99% | 29.76m |
| XHJ | Healthcare | 4839 | -49.1 | -1% | 17.51m |
| XXJ | ASX200 Financials ex Property Trusts | 4821.7 | -55.6 | -1.14% | 60.1m |
| XMJ | Materials | 7144.5 | -120.4 | -1.66% | 97.79m |
| XTJ | Telecommunications | 1789.7 | -31.1 | -1.71% | 25.43m |
| XIJ | Information Technology | 369.4 | -7.1 | -1.89% | 5.24m |
All Ordinaries Major Movers
| All Ords Volume Leaders | |||||
| Code | Name | Close | +/- | % | Volume |
| RTM | Reefton Mining | 0.13 | -0.03 | -16.67% | 24.41m |
| TLS | Telstra Corporation. | 5.02 | -0.1 | -1.95% | 22.97m |
| SGT | Singapore Telecommunications. | 2.05 | 0 | 0% | 17.76m |
| ADY | Admiralty Resources. | 0.2 | 0.02 | 8.33% | 16.61m |
| LHG | Lihir Gold | 1.06 | 0 | 0% | 15.33m |
| BHP | BHP Billiton | 17.96 | -0.29 | -1.59% | 13.68m |
| All Ords Percentage Gainers | |||||
| Code | Name | Close | +/- | % | Volume |
| OTT | Open Telecommunications | 0.41 | 0.08 | 22.73% | 127014 |
| MXL | MXL | 0.13 | 0.02 | 13.64% | 4.75m |
| NAL | Norwood Abbey | 0.48 | 0.04 | 9.09% | 308997 |
| LOK | Looksmart | 1.16 | 0.07 | 6.42% | 47614 |
| NHC | New Hope Corporation | 1.39 | 0.08 | 6.11% | 104729 |
| All Ords Percentage Decliners | |||||
| Code | Name | Close | +/- | % | Volume |
| GRD | GRD | 2 | -0.25 | -11.11% | 129705 |
| ABI | Ambri | 0.14 | -0.02 | -10% | 496390 |
| MUL | Multiemedia | 0.021 | -0.002 | -8.7% | 16.18m |
| ERA | Energy Resources Of Australia | 10.98 | -1.02 | -8.5% | 22981 |
| ETR | Etrade Australia | 1.65 | -0.15 | -8.33% | 322727 |
Elsewhere in the Region...
Japan's Nikkei 225 fell a rather sharp 192.48 points (-1.63%) to close at 11599.82 points.
The Kiwi Market declined 19.39 points (-0.63%). A total of 15 stocks within the NZSE50 rose, with volume in advancers totalling 9.8million units. Decliners numbered 30, and total volume traded in losers was 12.3million shares. The largest percentage losers in the Kiwi market were as follows:
- Tourism Holdings (THL), -NZ$0.07 (3.89%) to NZ$1.73 on volume of 252,000 shares;
- Carter Holt Harvey (CAH), -NZ$0.08 (3.81%) to NZ$2.02 on volume of 2.92m shares;
- NGC Holdings (NGC), -NZ$0.12 (3.75%) to NZ$3.08 on volume of 663,000 shares;
- Port Of Tauranga (POT), -NZ$0.16 (3.21%) to NZ$4.82 on volume of 119,000 shares; and
- Trustpower Limited (TPW), -NZ$0.16 (2.99%) to NZ$5.20 on volume of 11,000 shares.
Hong Kong's Hang Seng index declined 123.55 points (-0.91%). Within the Hang Seng, only 3 index components rose, while 27 stocks fell. Volume in the gainers in Hong Kong's big-cap index totalled 32.5million units, and total volume traded in losers was 264.8million shares. Individual stocks that contributed to the decline included...
- Wheelock (0020), -HK$0.45 (3.95%) to HK$10.95 on volume of 5.55m shares;
- China Unicom (0762), -HK$0.20 (3.2%) to HK$6.05 on volume of 30.87m shares;
- Hang Lung Properties (0101), -HK$0.30 (2.61%) to HK$11.20 on volume of 6.95m shares;
- China Mobile (0941), -HK$0.60 (2.31%) to HK$25.35 on volume of 27.12m shares;
- CKI Holdings (1038), -HK$0.50 (2.12%) to HK$23.10 on volume of 2.29m shares; and
- China Merchant Holdings (0144), -HK$0.30 (1.93%) to HK$15.25 on volume of 5m shares.
| Regional Indices | |||||
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3055.577 | -19.39 | -0.63% | 23.05m |
| Japan | Nikkei 225 | 11599.82 | -192.48 | -1.63% | 83687 |
| Korea | KOSPI | 958.96 | -18.74 | -1.92% | 524503 |
| Singapore | Straits Times | 2126.44 | -17.92 | -0.84% | 0 |
| Hong Kong | Hang Seng | 13473.55 | -123.55 | -0.91% | 313.5m |
| Malaysia | KLSE Comp | 879.96 | -5.48 | -0.62% | 0 |
