Interdum stultus opportuna loquitur...

Thursday, July 28, 2005

OzRant: The 4400-ish...

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eez, suicide bombers must be dumb as bags of hammers. Why one earth would someone go to all the trouble of making an extra 16 bombs, then leave them in their car as they went on their way to blow themselves up (having bought return tickets, of course)?

THINK. Every time you see a story like this, THINK. Think how absolutely moronic the 'intelligence services' must be if they can't stop people who are so stupid that they waste 80% (16/20ths) of their effort making stuff that they leave behind. Because that's what the UK's lapdog-to-the-Poodle media would have us all believe - that there were 16 "leftover" bombs left in a car at Luton railway station.

Honestly, it's getting beyond a joke now... but it's serving its primary purpose - "booga-booga" that is primarily disseminated in order to stop the public from thinking about things.

Things like how the police invented an absolute bunch of shite after they shot Jean Charles de Menezes (that bunch of shite was already unravelling - e.g., when he left the house he was wearing a denim jacket, not a "Michelin Man" coat).

What are we? Morons? Have the governments and media simply decided that it's not even worth bothering to make their propaganda believable? I guess if you just lie back and leave your subconscious wide open, you don't 'critique' what goes past your eyes and ears, you might buy this line of Goebbelsian shite. Frankly, it insults me that government and media would try to get that shit past a population that is supposed to be the same species  as me. My cats wouldn't believe that trash.

Think of how dumb you would have to be to leave your fake pilots outfit in your rental car, along with your "How to Fly a Big Plane" video and your "Hijacking Stuff the al-Qaeda Way" manual from al-Qaeda University Press, as Mohammed Atta supposedly did.

Just think. You don't have to think hard, you just need to think. Find the logical inconsistencies - like B-Liar talking about he savagery of taking innocent life, while his forces are engaged in a War Crime where 90% of the victims are civilians... or bombers who are dumb as mules, but who manage to outsmart the 'intelligence' agencies. Once you start doing that, the entire shibboleth falls apart.

Anyhow... I hope those dastardly Muslimists don't try to blow up London again tonight, because I'm getting sick of "Stargate:Atlantis" getting interrupted by the media orgy after each event (or non-event, as per last week, when zero out of four bombs went off... more incompetence).

Perhaps we need an e-mail campaign to ''. Can't they switch their efforts to Mondays? There's nothing to interrupt on Mondays (Tuesday has "Scrubs", Wednesday has "The Shield").

And one more note: if you're a bloke and you find something vaguely Orwellian about those "domestic violence' ads, you're not alone. If you want an easy way to win a bet, try and get one of your "government doesn't lie to us" mates to ring the 'Confidential' helpline from a phone booth, and pretend to have beaten a woman to death years ago. Bet him that a police car will be there within ten minutes. Confidential? Don't believe it for a nanosecond.

I also note that according to this piece of government propaganda, there is never a justification for hitting a woman - but we all know from case law that 'battered spouse syndrome' is a defence for stabbing a bloke in his sleep, even if the 'battery' never rose above the level of mental cruelty. And of course the legal doctrine of provocation as a mitigation of guilt applies... when. exactly?

Seems that it is impossible for a female to be mentally (or physically) cruel enough to a male for male-to-female violence to be justified. (I don't defend wife-beaters, but this hysteria-inducing campaign is straight out of the "Today Tonight" playbook).

Oh... OK... Markets. I feel better after that outburst. (Which reminds me - checkout the options available in the 'full works and jerks' RantCharts - the options won't activate, but you might be interested in what's there).

The broad market - the ASX All Ordinaries (XAO) - fell by 18.50 points (-0.43%), finishing at 4329.10 points. The index hit an intraday high of 4357.40 (less than ten minutes after the open) and its low was 4326.7 (just before 2:30 - the index went sideways from there until the close).

Total volume traded on the ASX was over 980 million units, about in line with its 10-day average (0.3% above it, actually, but who's counting?).

Of the 483 stocks in the All Ords, 190 fell while 166 managed a gain. Volume was tilted in favour of the losers by a margin of 1.8:1, with 323.46 million shares traded in losers and 182.79 million shares traded in the day's gainers.

The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 (XJO) - fell by 19.00 points (-0.43%), finishing at 4367.80 points. The magic 4400 still eluded the XJO, with the day's high posted at 4398.8 (call that "4400-ish" - which is where aliens abduct you, probe you without mercy or lubricant, and put you back as a redneck in West Virginia with no special powers whatsoever).

The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - fell by 10.30 points (-0.44%), finishing at 2344.80 points. Within the index members, there were 5 that rose, and 15 losers. Total volume in rising issues within the ASX20 amounted to 14.29m shares, while volume in the losers totalled 100.68m units.

The major winners in the "big guns" were -

  • Wesfarmers (WES), +$0.520 (1.3%) to $40.520 on volume of 923,000 shares;
  • Westfield Group (WDC), +$0.150 (0.85%) to $17.700 on volume of 4.03m shares;
  • Rio Tinto (RIO), +$0.340 (0.71%) to $47.980 on volume of 1.77m shares;
  • QBE Insurance Group (QBE), +$0.070 (0.42%) to $16.750 on volume of 2.38m shares; and
  • Westpac Banking Corporation (WBC), +$0.050 (0.25%) to $19.780 on volume of 5.19m shares.

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

  • AMP Limited (AMP), -$0.13 (1.89%) to $6.75 on volume of 8.25m shares;
  • Woolworths (WOW), -$0.30 (1.83%) to $16.09 on volume of 3.85m shares; and
  • Amcor (AMC), -$0.12 (1.71%) to $6.91 on volume of 7.2m shares; and
  • Woodside Petroleum (WPL), -$0.46 (1.51%) to $30.07 on volume of 1.41m shares; and
  • Coles Myer Ltd (CML), -$0.11 (1.16%) to $9.39 on volume of 3m shares.

At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) fell by 12.80 points (-0.52%), finishing at 2447.20 points. The major winners in the "pop-guns" were -

  • SDI (SDI), +$0.080 (10.19%) to $0.865 on volume of 308,000 shares;
  • Sydney Gas Ltd (SGL), +$0.045 (9.28%) to $0.530 on volume of 1.74m shares; and
  • Village Roadshow (VRLPA), +$0.130 (6.37%) to $2.170 on volume of 1.07m shares; and
  • Perilya (PEM), +$0.035 (5.26%) to $0.700 on volume of 1.64m shares; and
  • Brazin (BRZ), +$0.085 (4.8%) to $1.855 on volume of 55,000 shares.

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

  • Beach Petroleum (BPT), -$0.055 (7.48%) to $0.680 on volume of 3.4m shares;
  • Hills Industries (HIL), -$0.250 (5.32%) to $4.450 on volume of 127,000 shares; and
  • Bendigo Mining (BDG), -$0.055 (4.7%) to $1.115 on volume of 634,000 shares; and
  • Chemeq (CMQ), -$0.055 (4.28%) to $1.230 on volume of 961,000 shares; and
  • Antares Energy (AZZ), -$0.020 (3.85%) to $0.500 on volume of 752,000 shares.
Index Changes
XAOAll Ordinaries4329.1-18.5-0.43%622.31m
XTLS&P/ASX 202344.8-10.3-0.44%114.97m
XFLS&P/ASX 504302.5-20.3-0.47%214.93m
XTOS&P/ASX 1003547.2-14.7-0.41%346.99m
XJOS&P/ASX 2004367.8-19-0.43%446.04m
XKOS&P/ASX 3004360.8-18.5-0.42%0
XMDS&P/ASX Mid-Cap 504243.7-3.1-0.07%0
XSOS&P/ASX Small Ordinaries2447.2-12.8-0.52%217.22m

All Ordinaries Market Internals

Market Breadth

Advancing Volume14.29m103.39m135.29m182.7964.08399.31
Declining Volume100.68m198m239.88m323.46108.91449.99

S&P/ASX200 GICS Sector Indices

The top sector for the day was XPJ Property Trusts which gained 0.50% to 1814.50 points. The sector was helped by

  • ING Office Fund (IOF), +$0.020 (1.54%) to $1.320 on volume of 2.17m shares;
  • Westfield Group (WDC), +$0.150 (0.85%) to $17.700 on volume of 4.03m shares;
  • Centro Properties Group (CNP), +$0.040 (0.73%) to $5.520 on volume of 1.04m shares;
  • DB Rreef Trust (DRT), +$0.010 (0.73%) to $1.380 on volume of 11.36m shares; and
  • General Property Trust (GPT), +$0.020 (0.54%) to $3.740 on volume of 8.01m shares.

Second in the sector leadership stakes was XNJ Industrials which gained 0.11% to 5182.40 points. The sector leaders were -

  • Wesfarmers (WES), +$0.520 (1.3%) to $40.520 on volume of 923,000 shares;
  • Adsteam Marine (ADZ), +$0.020 (0.97%) to $2.090 on volume of 434,000 shares;
  • Macquarie Airports (MAP), +$0.030 (0.91%) to $3.310 on volume of 11.39m shares;
  • Patrick Corporation (PRK), +$0.040 (0.69%) to $5.830 on volume of 3.2m shares; and
  • Patrick Corporation (PRK), +$0.040 (0.69%) to $5.830 on volume of 3.2m shares.

No bronze today - the third-placed sector - XIJ Information Technology - lost -0.07%.

The worst-performed sector today was XEJ Energy which lost 1.36% to 9728.20 points. The sector was dragged lower by
  • Santos (STO), -$0.300 (2.63%) to $11.110 on volume of 3.03m shares;
  • Origin Energy (ORG), -$0.140 (1.91%) to $7.200 on volume of 2.32m shares;
  • Woodside Petroleum (WPL), -$0.460 (1.51%) to $30.070 on volume of 1.41m shares;
  • Oil Search (OSH), -$0.050 (1.49%) to $3.300 on volume of 3.22m shares; and
  • Hardman Resources (HDR), -$0.020 (0.81%) to $2.450 on volume of 4.32m shares.

Just in front of last place on the sector table was XUJ Utilities which lost 1.13% to 4959.90 points. The sector was pulled down by

  • Envestra (ENV), -$0.025 (2.13%) to $1.150 on volume of 380,000 shares;
  • Australian Gas Light Company (AGL), -$0.190 (1.32%) to $14.250 on volume of 1.23m shares;
  • Alinta (ALN), -$0.100 (1.03%) to $9.600 on volume of 488,000 shares;
  • Energy Developments (ENE), -$0.040 (0.93%) to $4.260 on volume of 139,000 shares; and
  • Australian Pipeline Trust (APA), -$0.020 (0.52%) to $3.790 on volume of 83,000 shares.
Sector Indices
CodeGICS SectorClose+/-%Volume
XPJProperty Trusts1814.590.5%100.66m
XIJInformation Technology415.1-0.3-0.07%13.2m
XXJASX200 Financials ex Property Trusts5272.7-24.9-0.47%61.71m
XDJConsumer Discretionary2295.6-15.3-0.66%27.75m
XSJConsumer Staples5629-62.7-1.1%37.33m

All Ordinaries Major Movers

All Ords Volume Leaders
TLSTelstra Corporation5.06-0.03-0.59%34.06m
BHPBHP Billiton19.15-0.02-0.1%15.39m
LHGLihir Gold1.25-0.04-3.11%13.91m
EBGEumundi Group0.1800%11.63m
MAPMacquarie Airports3.310.030.91%11.39m
DRTDB Rreef Trust1.380.010.73%11.36m

All Ords Percentage Gainers
GDMGoldstream Mining0.410.049.46%252567
SGLSydney Gas Ltd0.530.059.28%1.74m
VRLPAVillage Roadshow2.170.136.37%1.07m

All Ords Percentage Decliners
BOCBougainville Copper0.79-0.15-15.96%231152
BPTBeach Petroleum0.68-0.06-7.48%3.4m
HILHills Industries4.45-0.25-5.32%126731
ETWEvans & Tate0.39-0.02-4.88%698454

Elsewhere in the Region...

Regional Indices
New ZealandNZSE503356.92-1.05-0.03%44.41m
JapanNikkei 22511858.3123.230.2%0
SingaporeStraits Times2340.556.930.3%0
Hong KongHang Seng14824.122.240.15%192.63m
MalaysiaKLSE Comp934.742.770.3%0