Interdum stultus opportuna loquitur...

Friday, September 16, 2005

OzRant: No Typos... Monday Will Be the Top...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

The ASX All Ordinaries (XAO) opened like a duck shot in the bum - by the end of the first 15 minutes of trade it was budging 4500. Interestingly ,the ASX200 took its time about moving - making a much less frantic opening burst and wafting more obviously upward for the remainder of the session.

Comparing the closing prints to the 10:15 numbers, the XJO went from about 4545 at 10:15 to close at 4553, while the XAO went from 4495 to close with a gain of 33.00 points (0.74%), finishing at 4499.40 points. 

The index got through 4500 just after 11:30 - again, reinforcing how much of the move happened at the kickoff - but took another three and a half hours to set its intraday high at 4508.40. the session low was the open - 4466.4.

Total volume traded on the ASX was strong, at 1.17 billion units, 9.3% above its 10-day average. Of the 486 stocks in the All Ords index, 230 rose while 132 fell. Volume was tilted in favour of the gainers by a margin of 4.0:1 (madness... official madness), with 429.16million shares traded in gainers while 108.49million 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 (XJO) - rose by 39.70 points (0.88%), finishing at 4553.60 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 23.40 points (0.98%), finishing at 2415.30 points. Within the index members, there were 17 that rose, and 3 losers - including our old mate Woodside. Volume was very tilted to gainers here, too - total volume in rising issues within the ASX20 amounted to 132.97m shares while volume in the losers totalled 31.86m units.

The major winners in the "big guns" were -

  • Rio Tinto (RIO), +$1.330 (2.54%) to $53.770 on volume of 3.5m shares;
  • QBE Insurance Group (QBE), +$0.300 (1.73%) to $17.650 on volume of 3.36m shares;
  • Australia And New Zealand Banking Group (ANZ), +$0.380 (1.66%) to $23.250 on volume of 6.65m shares;
  • BHP Billiton (BHP), +$0.290 (1.4%) to $20.990 on volume of 22.62m shares; and
  • Westpac Banking Corporation (WBC), +$0.270 (1.32%) to $20.750 on volume of 4.6m shares.

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

  • Woodside Petroleum (WPL), -$0.37 (1.13%) to $32.34 on volume of 1.32m shares;
  • News Corporation (NWSLV), -$0.09 (0.44%) to $20.34 on volume of 27.5m shares; and
  • Woolworths (WOW), -$0.04 (0.25%) to $16.09 on volume of 3.04m shares.

Oh - of course I can, with great fanfare and much rejoicing, ditch NWS from my databases now. I have looked forward to this day for almost a month - no more pom-pom waving from Merrill Lynch, no more blather about how Murdoch is a genius. The universe is compensating me for having to put up with 'Manuel' Trujillo by letting me seethe less about the fact that Murdoch has a Greenspan-like (i.e. completely undeserved) aura - solely because he owns the media.

At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) rose by 23.10 points (0.89%), finishing at 2622.00 points. The major winners in the "pop-guns" were -

  • Resolute Mining (RSG), +$0.065 (6.25%) to $1.105 on volume of 582,000 shares;
  • Highlands Pacific (HIG), +$0.035 (6.19%) to $0.600 on volume of 2.28m shares; and
  • Sunland Group (SDG), +$0.100 (6.13%) to $1.730 on volume of 493,000 shares; and
  • Schaffer Corporation (SFC), +$0.280 (5.58%) to $5.300 on volume of 8,000 shares; and
  • Multiemedia (MUL), +$0.001 (5.56%) to $0.019 on volume of 9.53m shares.

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

  • Emperor Mines (EMP), -$0.015 (6%) to $0.235 on volume of 26,000 shares;
  • Mcpherson's (MCP), -$0.140 (4.24%) to $3.160 on volume of 61,000 shares; and
  • Australian Agricultural Company (AAC), -$0.075 (4.21%) to $1.705 on volume of 112,000 shares; and
  • Mosaic Oil (MOS), -$0.010 (4%) to $0.240 on volume of 2.26m shares; and
  • Norwood Abbey (NAL), -$0.015 (3.26%) to $0.445 on volume of 312,000 shares.
Index Changes
XAOAll Ordinaries4499.4330.74%608.21m
XTLS&P/ASX 202415.323.40.98%164.83m
XFLS&P/ASX 504452.339.90.9%282.14m
XTOS&P/ASX 1003688.9320.88%419.71m
XJOS&P/ASX 2004553.639.70.88%497.14m
XKOS&P/ASX 3004547.439.40.87%0
XMDS&P/ASX Mid-Cap 504539.2320.71%0
XSOS&P/ASX Small Ordinaries262223.10.89%150m

All Ordinaries Market Internals

Market Breadth
Advancing Volume132.97m327.17m375.12m429.1694.37800.76
Declining Volume31.86m70.08m80.47m108.4928.32202.45

S&P/ASX200 GICS Sector Indices

The top sector for the day was XMJ Materials which gained 1.40% to 8412.20 points. The sector was helped by

  • Great Southern Plantations (GTP), +$0.120 (4.33%) to $2.890 on volume of 1.36m shares;
  • Portman (PMM), +$0.170 (4.2%) to $4.220 on volume of 63,000 shares;
  • Lion Selection Group (LSG), +$0.070 (3.83%) to $1.900 on volume of 578,000 shares;
  • Lihir Gold (LHG), +$0.060 (3.82%) to $1.630 on volume of 21.12m shares; and
  • Newcrest Mining (NCM), +$0.650 (3.46%) to $19.450 on volume of 3.7m shares.

Second in the sector leadership stakes was XNJ Industrials which gained 1.16% to 5405.60 points. The sector leaders were -

  • Crane Group (CRG), +$0.310 (2.89%) to $11.050 on volume of 130,000 shares;
  • Downer EDI (DOW), +$0.170 (2.88%) to $6.080 on volume of 1.99m shares;
  • Macquarie Airports (MAP), +$0.080 (2.38%) to $3.440 on volume of 5.71m shares;
  • Leighton Holdings (LEI), +$0.280 (1.97%) to $14.480 on volume of 923,000 shares; and
  • Qantas Airways (QAN), +$0.060 (1.8%) to $3.390 on volume of 9.59m shares.

The bronze today went to XIJ Information Technology which gained 0.99% to 437.70 points. The sector was led by

  • MYOB (MYO), +$0.035 (3.33%) to $1.085 on volume of 578,000 shares;
  • Vision Systems (VSL), +$0.025 (1.77%) to $1.435 on volume of 970,000 shares;
  • Computershare (CPU), +$0.080 (1.19%) to $6.830 on volume of 1.2m shares;
  • Baycorp Advantage (BCA), +$0.030 (0.83%) to $3.650 on volume of 794,000 shares; and
  • ERG (ERG), -$0.000 (0%) to $0.185 on volume of 1.74m shares.

The worst-performed sector today was XEJ Energy which was flat for the session. It actually declined a weensy 0.4 points (near enough to zero in percentage terms, considering the index is at 10166). Still, since it declined I have to list the losers... 

  • Tap Oil (TAP), -$0.040 (1.46%) to $2.700 on volume of 1.05m shares;
  • Arc Energy (ARQ), -$0.030 (1.45%) to $2.040 on volume of 950,000 shares;
  • Woodside Petroleum (WPL), -$0.370 (1.13%) to $32.340 on volume of 1.32m shares;
  • Oil Search (OSH), -$0.010 (0.28%) to $3.520 on volume of 4.67m shares; and
  • Hardman Resources (HDR), -$0.000 (0%) to $2.190 on volume of 1.29m shares.

Just in front of last place on the sector table was XSJ Consumer Staples. It gained 0.19% so I'm not listing its major-mover components. So there.

Sector Indices
CodeGICS SectorClose+/-%Volume
XIJInformation Technology437.74.30.99%5.81m
XXJASX200 Financials ex Property Trusts5439.553.20.99%64.8m
XPJProperty Trusts1881.79.80.52%77.01m
XDJConsumer Discretionary2345.46.10.26%79.56m
XSJConsumer Staples5869.710.90.19%26.11m

All Ordinaries Major Movers

All Ords Volume Leaders
TLSTelstra Corporation4.480.040.9%33.77m
BHPBHP Billiton20.990.291.4%22.62m
LHGLihir Gold1.630.063.82%21.12m
NWSNews Corporation21.890.010.05%15.9m
DYLDeep Yellow0.13-0.02-10.71%15.81m
DRTDB Rreef Trust1.380.010.73%14.87m
All Ords Percentage Gainers
DOMDominion Mining0.480.0510.47%400749
BGFBallarat Goldfields0.280.027.69%7.17m
SPLStarpharma Holdings0.460.036.98%114000
RSGResolute Mining1.110.076.25%582044
HIGHighlands Pacific0.60.046.19%2.28m
All Ords Percentage Decliners
CIYCity Pacific4.08-0.31-7.06%752086
AAUAdcorp Australia0.75-0.05-5.66%88600
UNIUnilife Medical Solutions0.55-0.03-5.17%97200
IGOIndependence Group1.46-0.07-4.58%703767

Elsewhere in the Region...

Regional Indices
New ZealandNZSE503434.87719.190.56%40.42m
JapanNikkei 22512958.68-28.1-0.22%0
SingaporeStraits Times2315.2-2.47-0.11%0
Hong KongHang Seng14988.5-52.52-0.35%150.36m
MalaysiaKLSE Comp921.121.470.16%0