Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Tonight at midnight there will be much rejoicing and singing of praises: after a system reboot on the PRO site, and 8 new password e-mails for long-suffering folks whose details kept stuffing up, my hand-crafted 'fix' of the system user-admin system will be in place. A royal pain in the ass that the thing gets resolved with only one session left in the week, but frankly I'm glad it's going to be resolved ... period.
Folks whose logins got stuffed up should be reasonably happy with the compensation though - a week's extension on their subscription for each day of delay they've experienced, plus two good books (hardcovers too - both by Bob Prechter: "Conquer the Crash" and "The Elliott Wave Principle"), plus monthly surprises.
I've still got some residual database issues that need cleaning up: the Banks/Insurance/Diversified Financials stocks fundamental data is restricted to 'basics' - PER & EPS growth, Yield & Franking, P2NTA, Net Debt to Equity, Price to Operating Cash Flow. EV/EBITDA and a couple of other metrics which aren't really much chop for analysing banks. There's still 6 years of data, and the analysis kit still works just fine, but it's keyng off basic financials rather than a genuinely complete kit for the moment. I would rather do basic analysis using numbers that I can verify, than high-falutin' analysis with numbers that I'm perturbed about.
That's why I've decided to do a complete rebuild of that particular database. It's also the most important of the stock fundamental data - because it will be toxic effects on the banks that eventually hurts the major stock indices. The rebuild will be done before the end of the weekend. It's only 4 minutes per stock to get the data in, then there's checking and running the scripts that do all the calculations - none of which have any residual problems (I've done a couple of the stocks already).
Next week I'll build a little 'status' app that will appear on the fornt page of the Pro site, and also the right margin of the blog (i.e., this page) - which will show if there are any known issues on the PRO site and provide a link for reporting any new glitches.
And then I can turn my attention to why 'Comments' aren't working on this bloody blog...
Major Market Indices
The broad market - the ASX All Ordinaries (XAO) - fell by 16.50 points (-0.37%), finishing at 4439.80 points - less than a point from the session low (4438.9). The index hit an intraday high of 4466.20 after less than 20 minutes of trade - at which point the ASX200 (XJO) was above 4500 for only the second time in its history.
Total volume traded on the ASX was 1.04 billion units, 6.0% above its 10-day average.The advance-decline stats were pretty even - of the 486 stocks in the index, 174 fell while 167 managed a gain. In fact, volume was tilted in favour of the gainers by a margin of 1.2:1, with 273.10million shares traded in gainers while 236.87million 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) - fell by 17.10 points (-0.38%), finishing at 4474.90 points - a 30-point reversal from its session high.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - fell by 8.30 points (-0.35%), finishing at 2369.60 points. Within the index members, there were 11 that rose, and 7 losers. Total volume in rising issues within the ASX20 amounted to 121.51 while volume in the losers totalled 38.36m units.
The major winners in the "big guns" were -
- Amcor (AMC), +$0.080 (1.23%) to $6.570 on volume of 3.41m shares;
- St George Bank (SGB), +$0.290 (1.06%) to $27.570 on volume of 561,000 shares;
- Telstra Corporation (TLS), +$0.030 (0.69%) to $4.370 on volume of 84.84m shares;
- AMP Limited (AMP), +$0.050 (0.68%) to $7.400 on volume of 6.31m shares; and
- Australia And New Zealand Banking Group (ANZ), +$0.150 (0.66%) to $22.780 on volume of 5.77m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- BHP Billiton (BHP), -$0.52 (2.53%) to $20.03 on volume of 21.52m shares;
- Rio Tinto (RIO), -$0.99 (1.92%) to $50.55 on volume of 2.53m shares; and
- Coles Myer Ltd (CML), -$0.13 (1.29%) to $9.95 on volume of 1.57m shares; and
- QBE Insurance Group (QBE), -$0.19 (1.07%) to $17.49 on volume of 1.84m shares; and
- Westfield Group (WDC), -$0.17 (0.99%) to $17.07 on volume of 7.75m shares.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) - the only place where underexploited value exists with any regularity - fell by 8.30 points (-0.32%), finishing at 2591.00 points. The major winners in the "pop-guns" were -
- Sirtex Medical (SRX), +$0.270 (13.64%) to $2.250 on volume of 85,000 shares;
- Austral Coal (AUO), +$0.150 (10.71%) to $1.550 on volume of 21,000 shares; and
- Primelife Corporation (PLF), +$0.095 (9%) to $1.150 on volume of 574,000 shares; and
- Citect Corporation (CTL), +$0.060 (6.67%) to $0.960 on volume of 182,000 shares; and
- ERG (ERG), +$0.010 (5.56%) to $0.190 on volume of 3.64m shares.
The losingest-little-guys for the session were (in order of decline):
- Schaffer Corporation (SFC), -$1.010 (15.3%) to $5.590 on volume of 31,000 shares;
- Ale Property Group (LEP), -$0.200 (8%) to $2.300 on volume of 46,000 shares; and
- Norwood Abbey (NAL), -$0.030 (6.45%) to $0.435 on volume of 206,000 shares; and
- Jubilee Mines (JBM), -$0.420 (5.6%) to $7.080 on volume of 1.74m shares; and
- Perseverance Corporation (PSV), -$0.015 (4.48%) to $0.320 on volume of 1.08m shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4439.8 | -16.5 | -0.37% | 597.97m |
| XTL | S&P/ASX 20 | 2369.6 | -8.3 | -0.35% | 164.78m |
| XFL | S&P/ASX 50 | 4366.5 | -15.6 | -0.36% | 273.04m |
| XTO | S&P/ASX 100 | 3623.6 | -14 | -0.38% | 424.65m |
| XJO | S&P/ASX 200 | 4474.9 | -17.1 | -0.38% | 489.16m |
| XKO | S&P/ASX 300 | 4469.5 | -17 | -0.38% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4499 | -24.3 | -0.54% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2591 | -8.3 | -0.32% | 158.34m |
All Ordinaries Market Internals
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 11 | 43 | 80 | 167 | 73 | 432 |
| Declines | 7 | 48 | 88 | 174 | 75 | 452 |
| Advancing Volume | 121.51m | 208.95m | 245.83m | 273.1 | 51.37 | 544.15 |
| Declining Volume | 38.36m | 183.58m | 193.42m | 236.87 | 67.7 | 370.7 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XTJ Telecommunications which gained 0.51% to 1587.00 points. The sector was helped by
- Telstra Corporation (TLS), +$0.030 (0.69%) to $4.370 on volume of 84.84m shares; although the other index component fell -
- Telecom Corporation Of New Zealand (TEL), -$0.020 (0.36%) to $5.550 on volume of 3.59m shares.
Second in the sector leadership stakes was XEJ Energy which gained 0.38% to 10151.10 points thanks largely to a little bounce in Woodside (although Santos was the biggest percentage mover, it is dwarfed in the Index by WPL). The sector leaders were -
- Santos (STO), +$0.240 (2.19%) to $11.190 on volume of 3.45m shares;
- Roc Oil Company (ROC), +$0.040 (1.7%) to $2.390 on volume of 825,000 shares;
- Hardman Resources (HDR), +$0.020 (0.91%) to $2.220 on volume of 1.53m shares;
- Woodside Petroleum (WPL), +$0.210 (0.65%) to $32.360 on volume of 1.57m shares; and
- Australian Worldwide Exploration (AWE), +$0.010 (0.46%) to $2.170 on volume of 4.32m shares.
The bronze today went to XUJ Utilities which gained 0.20% to 5241.80 points. The sector was led by
- Australian Gas Light Company (AGL), +$0.110 (0.76%) to $14.540 on volume of 1.17m shares;
- Envestra (ENV), +$0.005 (0.42%) to $1.190 on volume of 207,000 shares;
- Diversified Utility And Energy Trusts (DUE), +$0.010 (0.37%) to $2.720 on volume of 1.17m shares;
- Australian Pipeline Trust (APA), -$0.000 (0%) to $3.630 on volume of 161,000 shares; and
- Energy Developments (ENE), -$0.000 (0%) to $4.430 on volume of 280,000 shares.
The worst-performed sector today was XMJ Materials which lost 1.49% to 8062.60 points. The sector was dragged lower by
- Jubilee Mines (JBM), -$0.420 (5.6%) to $7.080 on volume of 1.74m shares;
- Excel Coal (EXL), -$0.240 (3.1%) to $7.500 on volume of 975,000 shares;
- Zinifex (ZFX), -$0.110 (2.68%) to $3.990 on volume of 3.29m shares;
- Croesus Mining (CRS), -$0.010 (2.67%) to $0.365 on volume of 1.08m shares; and
- Rinker Group (RIN), -$0.410 (2.64%) to $15.100 on volume of 1.57m shares.
Just in front of last place on the sector table was XIJ Information Technology which lost 0.97% to 438.90 points. The sector was pulled down by
- Computershare (CPU), -$0.150 (2.16%) to $6.800 on volume of 1.05m shares;
- Vision Systems (VSL), -$0.025 (1.81%) to $1.355 on volume of 619,000 shares;
- Infomedia Ltd (IFM), -$0.000 (0%) to $0.520 on volume of 97,000 shares;
- Baycorp Advantage (BCA), +$0.020 (0.54%) to $3.720 on volume of 1.83m shares; and
- IRESS Market Technology (IRE), +$0.040 (0.9%) to $4.500 on volume of 118,000 shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XTJ | Telecommunications | 1587 | 8.1 | 0.51% | 88.42m |
| XEJ | Energy | 10151.1 | 38.1 | 0.38% | 26.58m |
| XUJ | Utilities | 5241.8 | 10.6 | 0.2% | 3.32m |
| XXJ | ASX200 Financials ex Property Trusts | 5365.1 | 2.1 | 0.04% | 51.21m |
| XNJ | Industrials | 5343.3 | -5.5 | -0.1% | 90.61m |
| XFJ | Financials | 5257.1 | -6.2 | -0.12% | 140.68m |
| XSJ | Consumer Staples | 5837.2 | -7.6 | -0.13% | 28.43m |
| XDJ | Consumer Discretionary | 2336.8 | -7.9 | -0.34% | 25.74m |
| XPJ | Property Trusts | 1864.1 | -12.5 | -0.67% | 97.22m |
| XHJ | Healthcare | 5748 | -43.2 | -0.75% | 15.04m |
| XIJ | Information Technology | 438.9 | -4.3 | -0.97% | 7.89m |
| XMJ | Materials | 8062.6 | -122.3 | -1.49% | 88.07m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TLS | Telstra Corporation | 4.37 | 0.03 | 0.69% | 84.84m |
| MOC | Mortgage Choice | 1.42 | 0 | 0% | 23.89m |
| BHP | BHP Billiton | 20.03 | -0.52 | -2.53% | 21.52m |
| PRK | Patrick Corporation | 6.72 | -0.18 | -2.61% | 21.42m |
| NDO | Nido Petroleum | 0.15 | 0.02 | 15.38% | 16.07m |
| MIG | Macquarie Infrastructure Group | 4.04 | -0.02 | -0.49% | 14.71m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| SRX | Sirtex Medical | 2.25 | 0.27 | 13.64% | 84552 |
| PLF | Primelife Corporation | 1.15 | 0.1 | 9% | 573872 |
| BLT | Benitec | 0.15 | 0.01 | 7.41% | 378406 |
| CTL | Citect Corporation | 0.96 | 0.06 | 6.67% | 181861 |
| ARA | Ariadne Australia | 0.38 | 0.02 | 5.56% | 1.62m |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| SFC | Schaffer Corporation | 5.59 | -1.01 | -15.3% | 30805 |
| LEP | Ale Property Group | 2.3 | -0.2 | -8% | 45550 |
| UNW | Unwired Group | 0.57 | -0.04 | -6.56% | 645200 |
| NAL | Norwood Abbey | 0.44 | -0.03 | -6.45% | 206206 |
| JBM | Jubilee Mines | 7.08 | -0.42 | -5.6% | 1.74m |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3385.415 | 18.5 | 0.55% | 26.36m |
| Japan | Nikkei 225 | 12533.89 | -73.7 | -0.58% | 0 |
| Korea | KOSPI | 1145.26 | 2.27 | 0.2% | 457717 |
| Singapore | Straits Times | 2293.41 | -3.49 | -0.15% | 0 |
| Hong Kong | Hang Seng | 15195.34 | -29.23 | -0.19% | 155.61m |
| Malaysia | KLSE Comp | 919.05 | -0.02 | 0% | 0 |
