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Major Market Indices
The broad market - the ASX All Ordinaries - rose by 26.00 points (0.62%), finishing at 4218.60 points. The index hit an intraday high of 4220.00 and its low was 4184.8. Apart from a teensy dip just after the open (the low was set at about ten minutes after the open), it was one-way traffic. Maybe the market got all twitterpated by the idea that the Budget may have a bigger-than-expected surplus, or maybe it's just that it's Monday... who cares? The thing is overbought and is now also quite overvalued, so it's not going much further. The time to be overweight Australian equities has now passed (and this from someone who has viewed the Australian market as good value since 2000).
The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 - rose by 29.70 points (0.71%), finishing at 4233.50 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 19.20 points (0.85%), finishing at 2286.30 points. Within the index members, there were 18 that rose, and 2 losers. Total volume in rising issues within the ASX20 amounted to 57.46m units while volume in the losers totalled 3.99m units. That's just stupid.
The major winners in the "big guns" were -
- Woodside Petroleum (WPL), +$0.69 (2.92%) to $24.30 on volume of 971,000 shares;
- Rio Tinto (RIO), +$1.17 (2.5%) to $47.93 on volume of 2.27m shares;
- Coles Myer Ltd. (CML), +$0.24 (2.5%) to $9.84 on volume of 2.63m shares;
- Foster's Group (FGL), +$0.12 (2.26%) to $5.43 on volume of 3.94m shares; and
- Woolworths (WOW), +$0.29 (1.81%) to $16.27 on volume of 1.23m shares.
Among the big-guns, only two stocks posted a loss... and those two stocks belonged to only one company - a company that has had bugger-all earnings growth in the last twenty years, but which spends plenty on paying brokerage pimps to write research about how great the company is... a company whose principal would have been living in a Cleanaway bin, but for the fortuitous event of having one bank that would go under if the company's loans were called in... never give a punter credit for good luck, is my motto - and Murdoch is just a punter.
- News Corporation (NWS), -$0.24 (1.06%) to $22.31 on volume of 2.05m shares; and
- News Corporation (NWSLV), -$0.18 (0.82%) to $21.74 on volume of 1.95m 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 9.60 points (0.40%), finishing at 2423.20 points. The major winners in the "pop-guns" were -
- Bendigo Mining (BDG), +$0.09 (7.69%) to $1.26 on volume of 1.27m shares;
- Perseverance Corporation (PSV), +$0.03 (7.04%) to $0.38 on volume of 619,000 shares;
- Keycorp (KYC), +$0.12 (6.56%) to $1.95 on volume of 161,000 shares;
- MYOB (MYO), +$0.06 (5.13%) to $1.23 on volume of 973,000 shares; and
- Kimberley Diamond Company. (KIM), +$0.05 (4.95%) to $1.06 on volume of 1.51m shares.
The losingest-little-guys for the session were (in order of decline):
- ERG (ERG), -$0.03 (5.81%) to $0.41 on volume of 10.37m shares;
- Vision Systems (VSL), -$0.06 (4.62%) to $1.24 on volume of 389,000 shares; and
- Sunland Group (SDG), -$0.09 (3.91%) to $2.21 on volume of 317,000 shares;
- Lynas Corporation (LYC), -$0.01 (3.33%) to $0.29 on volume of 262,000 shares; and
- Beach Petroleum (BPT), -$0.02 (2.99%) to $0.65 on volume of 1.48m shares.
| Index Changes | |||||
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4218.6 | 26 | 0.62% | 413.74m |
| XTL | S&P/ASX 20 | 2286.3 | 19.2 | 0.85% | 61.45m |
| XFL | S&P/ASX 50 | 4181 | 32.3 | 0.78% | 0 |
| XTO | S&P/ASX 100 | 3440.1 | 25 | 0.73% | 0 |
| XJO | S&P/ASX 200 | 4233.5 | 29.7 | 0.71% | 305.15m |
| XKO | S&P/ASX 300 | 4238.2 | 29.5 | 0.7% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4068.7 | 18.2 | 0.45% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2423.2 | 9.6 | 0.4% | 138.11m |
| Market Breadth | |||||
| XAO | XJO | XSO | ASX20 | Market | |
| Advances | 209 | 116 | 96 | 18 | 789 |
| Declines | 157 | 57 | 66 | 2 | 733 |
| Advancing Volume | 221.75m | 171.96m | 67.37m | 57.46 | 498.9 |
| Declining Volume | 96.55m | 81.47m | 47.47m | 3.99 | 448.58 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was Information Technology which gained 3.04% to 396.10 points. The sector was helped by
- MYOB (MYO), +$0.06 (5.13%) to $1.23 on volume of 973,000 shares;
- Computershare. (CPU), +$0.24 (4.14%) to $6.04 on volume of 1.75m shares;
- IRESS Market Technology (IRE), +$0.07 (1.7%) to $4.18 on volume of 84,000 shares;
- Infomedia Ltd (IFM), +$0.01 (1.61%) to $0.63 on volume of 214,000 shares; and
- Baycorp Advantage (BCA), -$0.01 (0.34%) to $2.89 on volume of 329,000 shares.
Second in the sector leadership stakes was Utilities which gained 1.68% to 4771.40 points. The sector leaders were -
- Australian Gas Light Company (AGL), +$0.29 (2.07%) to $14.30 on volume of 1.02m shares;
- Australian Pipeline Trust (APA), +$0.06 (1.64%) to $3.72 on volume of 94,000 shares;
- Diversified Utility And Energy Trusts (DUE), +$0.03 (1.2%) to $2.53 on volume of 495,000 shares;
- Gasnet Australia Group (GAS), +$0.02 (0.8%) to $2.52 on volume of 172,000 shares; and
- Alinta (ALN), +$0.05 (0.56%) to $8.92 on volume of 410,000 shares.
The bronze today went to Consumer Staples which gained 1.52% to 5702.10 points. The sector was led by
- Coles Myer (CML), +$0.24 (2.5%) to $9.84 on volume of 2.63m shares;
- Lion Nathan (LNN), +$0.17 (2.29%) to $7.58 on volume of 581,000 shares;
- Foster's Group (FGL), +$0.12 (2.26%) to $5.43 on volume of 3.94m shares;
- Coca-Cola Amatil (CCL), +$0.16 (1.85%) to $8.80 on volume of 1.44m shares; and
- Woolworths (WOW), +$0.29 (1.81%) to $16.27 on volume of 1.23m shares.
The only sector that finished in the red today was Consumer Discretionary which lost 0.11% to 2299.50 points. The sector was dragged lower by
- Miller's Retail (MRL), -$0.03 (2.88%) to $1.01 on volume of 337,000 shares;
- David Jones (DJS), -$0.04 (2.06%) to $1.90 on volume of 5.4m shares; and
- JB Hi-Fi (JBH), -$0.08 (1.9%) to $4.12 on volume of 465,000 shares;
- Austereo Group (AEO), -$0.02 (1.19%) to $1.66 on volume of 212,000 shares; and
- News Corporation (NWS), -$0.24 (1.06%) to $22.31 on volume of 2.05m shares.
| Sector Indices | |||||
| Code | GICS Sector | Close | +/- | % | Volume |
| XIJ | Information Technology | 396.1 | 11.7 | 3.04% | 14.11m |
| XUJ | Utilities | 4771.4 | 78.9 | 1.68% | 2.84m |
| XSJ | Consumer Staples | 5702.1 | 85.1 | 1.52% | 20.5m |
| XMJ | Materials | 7580.9 | 98.7 | 1.32% | 76.75m |
| XEJ | Energy | 8154.2 | 105.4 | 1.31% | 13.85m |
| XTJ | Telecommunications | 1903.4 | 21.5 | 1.14% | 11.46m |
| XNJ | Industrials | 5147.2 | 25.1 | 0.49% | 29.1m |
| XHJ | Healthcare | 4853.9 | 23.4 | 0.48% | 4.69m |
| XXJ | ASX200 Financials ex Property Trusts | 4986.6 | 20.5 | 0.41% | 33.26m |
| XFJ | Financials | 4915.8 | 17.5 | 0.36% | 113.66m |
| XPJ | Property Trusts | 1780.7 | 2.9 | 0.16% | 83.35m |
| XDJ | Consumer Discretionary | 2299.5 | -2.6 | -0.11% | 30.72m |
All Ordinaries Major Movers
| All Ords Volume Leaders | |||||
| Code | Name | Close | +/- | % | Volume |
| BAS | Bass Strait Oil Company | 0.3 | -0.44 | -59.59% | 56.97m |
| LEG | Legend Mining | 0.14 | 0.03 | 21.74% | 34.05m |
| URL | Universal Resources | 0.2 | 0.04 | 25% | 13.99m |
| WMR | WMC Resources | 7.94 | 0 | 0% | 13.6m |
| BHP | BHP Billiton | 18.99 | 0.27 | 1.44% | 12.29m |
| MGI | Macquarie Goodman Industrial Trust | 2.36 | 0 | 0% | 11.35m |
| All Ords Percentage Gainers | |||||
| Code | Name | Close | +/- | % | Volume |
| TIR | Titan Resources | 0.066 | 0.011 | 20% | 5.04m |
| QPX | QPSX | 0.13 | 0.01 | 8.7% | 939704 |
| BDG | Bendigo Mining | 1.26 | 0.09 | 7.69% | 1.27m |
| PSV | Perseverance Corporation | 0.38 | 0.03 | 7.04% | 619026 |
| KYC | Keycorp | 1.95 | 0.12 | 6.56% | 160590 |
| All Ords Percentage Decliners | |||||
| Code | Name | Close | +/- | % | Volume |
| BLT | Benitec | 0.36 | -0.04 | -10% | 139990 |
| BRK | Breakfree | 3.91 | -0.29 | -6.9% | 21030 |
| ERG | ERG | 0.41 | -0.03 | -5.81% | 10.37m |
| VSL | Vision Systems | 1.24 | -0.06 | -4.62% | 388571 |
| JDV | JDV | 0.97 | -0.04 | -3.96% | 433457 |
Elsewhere in the Region...
Japan's Nikkei 225 fell 16.74 points (-0.14%) to close at 11907.15 points.
The Kiwi Market advanced 6.27 points (0.20%). A total of 19 stocks within the NZSE50 rose, with volume in advancers totalling 4.9million units. Decliners numbered 22, and total volume traded in losers was 15.1million shares. Individual gainers (in percentage terms) included...
- The Warehouse Group (WHS), +$0.17 (4.31%) to $4.11 on volume of 109,000 shares;
- Fisher & Paykel H (FPH), +$0.11 (3.77%) to $3.03 on volume of 728,000 shares;
- Property Forest Industries (PFI), +$0.03 (2.86%) to $1.08 on volume of 139,000 shares;
- Lion Nathan (LNN), +$0.15 (1.91%) to $8.00 on volume of 71,000 shares;
- Fisher & Paykel A (FPA), +$0.05 (1.64%) to $3.10 on volume of 376,000 shares; and
- Auckland International Airport(AIA), +$0.13 (1.53%) to $8.63 on volume of 409,000 shares.
Hong Kong's Hang Seng index advanced 25.83 points (0.19%). Within the Hang Seng, 12 index components rose, while 15 stocks fell. Volume in the gainers in Hong Kong's big-cap index totalled 69.7million units, and total volume traded in losers was 60.4million shares. Individual stocks that contributed to the advance included...
- China Mobile (0941), +$0.50 (1.95%) to $26.10 on volume of 27.58m shares;
- Denway Motors (0203), +$0.05 (1.8%) to $2.83 on volume of 7.19m shares;
- Citic Pacific (0267), +$0.30 (1.31%) to $23.20 on volume of 5.09m shares;
- Cosco Pacific (1199), +$0.15 (0.86%) to $17.55 on volume of 1.65m shares;
- Hang Lung Properties (0101), +$0.10 (0.85%) to $11.85 on volume of 2.02m shares; and
- Swire Pacific A (0019), +$0.50 (0.77%) to $65.25 on volume of 1.6m shares.
| Regional Indices | |||||
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3156.026 | 6.27 | 0.2% | 22.13m |
| Japan | Nikkei 225 | 11907.15 | -16.74 | -0.14% | 64804 |
| Korea | KOSPI | 1020.54 | -2.25 | -0.22% | 471474 |
| Singapore | Straits Times | 2166.4 | -3.01 | -0.14% | 0 |
| Hong Kong | Hang Seng | 13916.76 | 25.83 | 0.19% | 164.67m |
| Malaysia | KLSE Comp | 900.97 | -0.48 | -0.05% | 0 |
