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Monday Monday (ba-da, ba-da-da-da)... is there anything non-terroristy that can ever prevent the flock (or herd) from forgetting everything what ails 'em come Monday? Who was it that sang that song "Come Monday, It'll Be Alright"... was it Jim Croce? I forget...
Still, it wasn't really all
one-way traffic; the markets here were more "choppy" than bullish, bvut
given how lofty the indices have gotten it's no surprise that they
are struggling to keep advancing, even with Monday on their side.
Major Market Indices
The broad market - the ASX All Ordinaries - rose by 9.60 points (0.23%), finishing at 4189.60 points. The index hit an intraday high of 4196.30 (it traded at or near 4196 several times, either side of 11 a.m.) and its low was 4180 - set at the open.
Total
volume traded on the ASX was 930 million units, fully 14% above its
10-day average: finally a decent volume day.
Of the 483 stocks in the All Ords index, 205 rose and 169 fell. Volume was tilted in favour of the gainers by a margin of 1.7:1, with 278.52 million shares traded in stocks that rose for the session, compared to 164.5 million shares traded in the day's losers.
The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 - rose by 7.10 points (0.17%), finishing at 4228.80 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders - rose by 2.70 points (0.12%), finishing at 2278.00 points. Within the index members, there were 8 that rose, and 12 losers. Total volume in rising issues within the ASX20 amounted to 47.08 m units while volume in the losers totalled 45.82m units.
The major winners in the "big guns" were -
- Telstra Corporation (TLS), +$0.09 (1.77%) to $5.17 on volume of 20.85m shares;
- BHP Billiton (BHP), +$0.19 (1.11%) to $17.34 on volume of 9.93m shares; and
- News Corporation (NWSLV), +$0.21 (0.97%) to $21.90 on volume of 2.64m shares; and
- Amcor (AMC), +$0.06 (0.85%) to $7.16 on volume of 3.45m shares; and
- News Corporation (NWS), +$0.19 (0.84%) to $22.68 on volume of 3.54m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- St George Bank (SGB), -$0.45 (1.7%) to $25.95 on volume of 4.76m shares;
- Foster's Group (FGL), -$0.07 (1.3%) to $5.30 on volume of 5.37m shares; and
- Alumina (AWC), -$0.05 (0.88%) to $5.64 on volume of 3.97m shares; and
- Woolworths (WOW), -$0.11 (0.67%) to $16.25 on volume of 2.3m shares; and
- Coles Myer Ltd (CML), -$0.06 (0.63%) to $9.42 on volume of 7.34m 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 11.60 points (0.50%), finishing at 2349.10 points. The major winners in the "pop-guns" were -
- Emperor Mines (EMP), +$0.04 (13.73%) to $0.29 on volume of 46,000 shares;
- Oceana Gold (OGD), +$0.05 (7.69%) to $0.63 on volume of 1.19m shares; and
- Perseverance Corporation (PSV), +$0.02 (7.14%) to $0.30 on volume of 2.1m shares; and
- Lynas Corporation (LYC), +$0.01 (6.25%) to $0.17 on volume of 362,000 shares; and
- Multiemedia (MUL), +$0.00 (6.25%) to $0.02 on volume of 5.58m shares.
The losingest-little-guys for the session were (in order of decline):
- AAV (AVV), -$0.12 (10.17%) to $1.06 on volume of 509,000 shares;
- Metabolic Pharmaceuticals (MBP), -$0.06 (7.91%) to $0.64 on volume of 1.02m shares; and
- Ventracor (VCR), -$0.11 (7.01%) to $1.46 on volume of 4.02m shares; and
- PMP (PMP), -$0.06 (4.55%) to $1.26 on volume of 875,000 shares; and
- Sirtex Medical (SRX), -$0.05 (4%) to $1.20 on volume of 76,000 shares.
| Index Changes | |||||
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4189.6 | 9.6 | 0.23% | 557.79m |
| XTL | S&P/ASX 20 | 2278 | 2.7 | 0.12% | 92.9m |
| XFL | S&P/ASX 50 | 4173.9 | 4.5 | 0.11% | 208.96m |
| XTO | S&P/ASX 100 | 3436.3 | 4.9 | 0.14% | 339.34m |
| XJO | S&P/ASX 200 | 4228.8 | 7.1 | 0.17% | 435.43m |
| XKO | S&P/ASX 300 | 4221.1 | 7.4 | 0.18% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4078 | 14.5 | 0.36% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2349.1 | 11.6 | 0.5% | 174.51m |
All Ordinaries Market Internals
[]
| Market Breadth | ||||||
| ASX20 | XTO | XJO | XAO | XSO | Market | |
| Advances | 8 | 56 | 99 | 205 | 85 | 495 |
| Declines | 12 | 38 | 78 | 169 | 73 | 472 |
| Advancing Volume | 47.08m | 197.52m | 234.14m | 278.52 | 83.73 | 548.66 |
| Declining Volume | 45.82m | 108.31m | 143.28m | 164.52 | 52.8 | 262.54 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was the 2-stock Telecommunications 'sector' which gained 1.67% to 1831.50 points. The sector was helped by
- Telstra Corporation (TLS), +$0.09 (1.77%) to $5.17 on volume of 20.85m shares; and
- Telecom Corporation Of New Zealand (TEL), +$0.06 (1.08%) to $5.62 on volume of 4.02m shares.
Second in the sector leadership stakes was Information Technology which gained 1.05% to 386.40 points. The sector leaders were -
- Computershare (CPU), +$0.13 (2.24%) to $5.93 on volume of 3.75m shares;
- MYOB (MYO), +$0.01 (0.95%) to $1.07 on volume of 760,000 shares; and
- Vision Systems (VSL), +$0.01 (0.89%) to $1.13 on volume of 481,000 shares; and
- ERG (ERG), -$0.00 (0%) to $0.27 on volume of 1.01m shares; and
- Infomedia Ltd (IFM), -$0.00 (0%) to $0.54 on volume of 294,000 shares.
The bronze today went to Utilities which gained 0.88% to 5025.00 points. The sector was led by
- Energy Developments (ENE), +$0.17 (4.34%) to $4.09 on volume of 329,000 shares;
- Australian Pipeline Trust (APA), +$0.16 (4.23%) to $3.94 on volume of 128,000 shares;
- Gasnet Australia Group (GAS), +$0.06 (2.33%) to $2.63 on volume of 424,000 shares;
- Alinta (ALN), +$0.18 (1.76%) to $10.43 on volume of 885,000 shares; and
- Diversified Utility And Energy Trusts (DUE), +$0.03 (1.16%) to $2.61 on volume of 1.05m shares.
The worst-performed sector today was Consumer Staples which lost 0.75% to 5549.80 points. The sector was dragged lower by
- Lion Nathan (LNN), -$0.22 (2.88%) to $7.41 on volume of 1.05m shares;
- Coca-Cola Amatil (CCL), -$0.13 (1.67%) to $7.66 on volume of 2.73m shares;
- Mcguigan Simeon Wines (MGW), -$0.06 (1.46%) to $4.05 on volume of 643,000 shares;
- Foster's Group (FGL), -$0.07 (1.3%) to $5.30 on volume of 5.37m shares; and
- Foodland Associated (FOA), -$0.21 (0.79%) to $26.30 on volume of 926,000 shares.
Just in front of last place on the sector table was ASX200 Financials ex Property Trusts which lost 0.30% to 5162.20 points. The sector was pulled down by
- Perpetual Trustees Australia (PPT), -$1.19 (2.09%) to $55.86 on volume of 184,000 shares;
- St George Bank (SGB), -$0.45 (1.7%) to $25.95 on volume of 4.76m shares;
- Suncorp-Metway (SUN), -$0.30 (1.49%) to $19.80 on volume of 1.19m shares;
- Insurance Australia Group (IAG), -$0.08 (1.31%) to $6.03 on volume of 4.36m shares; and
- Challenger Financial Services Group (CGF), -$0.04 (1.21%) to $3.27 on volume of 803,000 shares.
| Sector Indices | |||||
| Code | GICS Sector | Close | +/- | % | Volume |
| XTJ | Telecommunications | 1831.5 | 30.1 | 1.67% | 24.88m |
| XIJ | Information Technology | 386.4 | 4 | 1.05% | 7.67m |
| XUJ | Utilities | 5025 | 43.7 | 0.88% | 4.38m |
| XMJ | Materials | 7032.1 | 50.1 | 0.72% | 93.47m |
| XPJ | Property Trusts | 1823 | 10.8 | 0.6% | 93.08m |
| XHJ | Healthcare | 5083.5 | 25.1 | 0.5% | 18.97m |
| XDJ | Consumer Discretionary | 2248.6 | 3.7 | 0.16% | 33.14m |
| XNJ | Industrials | 5088.6 | 6.6 | 0.13% | 47.13m |
| XFJ | Financials | 5076.4 | -4.9 | -0.1% | 151.88m |
| XEJ | Energy | 9058.8 | -14.9 | -0.16% | 26.79m |
| XXJ | ASX200 Financials ex Property Trusts | 5162.2 | -15.3 | -0.3% | 61.01m |
| XSJ | Consumer Staples | 5549.8 | -41.8 | -0.75% | 41.26m |
All Ordinaries Major Movers
| All Ords Volume Leaders | |||||
| Code | Name | Close | +/- | % | Volume |
| TLS | Telstra Corporation | 5.17 | 0.09 | 1.77% | 20.85m |
| SGT | Singapore Telecommunications | 2.05 | 0 | 0% | 14.24m |
| MXG | Multiplex Group | 2.8 | 0.04 | 1.45% | 10.72m |
| BHP | BHP Billiton | 17.34 | 0.19 | 1.11% | 9.93m |
| WMR | WMC Resources | 7.87 | 0.02 | 0.25% | 9.82m |
| DRT | DB Rreef Trust | 1.43 | 0.03 | 1.79% | 9.5m |
| All Ords Percentage Gainers | |||||
| Code | Name | Close | +/- | % | Volume |
| CDX | CDS Technologies | 2.05 | 0.18 | 9.63% | 212507 |
| OGD | Oceana Gold | 0.63 | 0.05 | 7.69% | 1.19m |
| PSV | Perseverance Corporation | 0.3 | 0.02 | 7.14% | 2.1m |
| MXL | MXL | 0.16 | 0.01 | 6.9% | 1.25m |
| CEQ | Central Equity | 2.25 | 0.14 | 6.64% | 86431 |
| All Ords Percentage Decliners | |||||
| Code | Name | Close | +/- | % | Volume |
| PLT | Polartechnics | 0.19 | -0.03 | -13.64% | 306027 |
| AVV | AAV | 1.06 | -0.12 | -10.17% | 508637 |
| MBP | Metabolic Pharmaceuticals | 0.64 | -0.06 | -7.91% | 1.02m |
| MST | Metal Storm | 0.13 | -0.01 | -7.14% | 1.27m |
| VCR | Ventracor | 1.46 | -0.11 | -7.01% | 4.02m |
Elsewhere in the Region...
Japan's Nikkei 225 rose 24.41 points (0.22%) to close at 11335.92 points. The index hit a high of 11363.48 during the first 15 minutes of the session, and fell to its session low os 11326.51 points with less than 25 mintues left in the session.
The Kiwi Market advanced 27.00 points (0.87%) in a coast-to-coast advance. The index hit a high of 3116.229 at the close, having opened with a teensy dip in the first ten minutes, at which point the low (3089.231 points) was registered.
A total of 28 stocks within the NZSE50 rose, with volume in advancers totalling 17.4million units. Decliners numbered 12, and total volume traded in losers was a paltry 1.2million shares. Individual stocks that dud well included...
- Air New Zealand (AIR), +NZ$0.05 (3.68%) to NZ$1.41 on volume of 704,000 shares;
- Fisher & Paykel A (FPA), +NZ$0.09 (2.75%) to NZ$3.36 on volume of 1.39m shares;
- The Warehouse Group (WHS), +NZ$0.07 (2.15%) to NZ$3.32 on volume of 407,000 shares;
- Freightways Limited (FRE), +NZ$0.06 (2.07%) to NZ$2.96 on volume of 66,000 shares;
- Telstra Corporation (TLS), +NZ$0.11 (2.03%) to NZ$5.52 on volume of 25,000 shares; and
- Mainfreight Limited (MFT), +NZ$0.05 (2%) to NZ$2.55 on volume of 4,000 shares.
Hong Kong's Hang Seng index declined 25.91 points (-0.19%) in a near-mirror image of the NZ session. The index hit a high of 13999.06 (let's call that "14000-ish") during the first five minutes, and never seriously threatened the day high again - sagging to register its session low (13909.45 points) about an hour ago (with about half an hour to go).
Within the Hang Seng, 8 index components rose, while 17 stocks fell. Volume in the gainers in Hong Kong's big-cap index totalled 10.3million units, and total volume traded in losers was 83.1million shares. Individual stocks that contributed to the decline included...
- Johnson Electrics H (0179), -HK$0.30 (4.05%) to HK$7.10 on volume of 10.84m shares;
- Cosco Pacific (1199), -HK$0.40 (2.68%) to HK$14.50 on volume of 9.05m shares;
- Denway Motors (0203), -HK$0.08 (2.56%) to HK$2.85 on volume of 10.03m shares;
- Esprit Holdings (0330), -HK$1.25 (2.33%) to HK$52.50 on volume of 5.79m shares;
- China Unicom (0762), -HK$0.10 (1.57%) to HK$6.25 on volume of 2.83m shares; and
- Henderson Land (0012), -HK$0.40 (1.13%) to HK$35.10 on volume of 665,000 shares.
| Regional Indices | |||||
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3116.229 | 27 | 0.87% | 21.32m |
| Japan | Nikkei 225 | 11335.92 | 24.41 | 0.22% | 0 |
| Korea | KOSPI | 983.75 | -6.74 | -0.68% | 340209 |
| Singapore | Straits Times | 2205.55 | -13.31 | -0.6% | 0 |
| Hong Kong | Hang Seng | 13926.11 | -25.91 | -0.19% | 176.25m |
| Malaysia | KLSE Comp | 893.97 | -0.71 | -0.08% | 0 |
