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The broad market - the ASX All Ordinaries (XAO) - fell by 19.90 points (-0.46%), finishing at 4325.20 points (4325-ish). The index hit an intraday high of 4345.10 (a little too low to be called 4350-ish, but it was the open anyhow) and dropped sharply to its low of 4277 (4275-ish) - with the low being set at almost exactly 30 minutes after the open. It's odd that the market continues to be fixated on 'quarters' - it shows that the index arb and leveraged-speculator crowd are still firmly in control of the bus.
Also, a whole 50 point bounce from the low? What's up with that? Someone is getting a bit optimistic simply becasue the market got oversold...
Total volume traded on the ASX was 885 million units, 15.4% below its 10-day average. Of the 486 stocks in the index, 243 fell while 105 managed a gain. Volume was tilted in favour of the losers by a margin of just under 2:1, with 308.10million shares traded in losers while 156.15million 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 15.80 points (-0.36%), finishing at 4364.30 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - fell by 5.90 points (-0.25%), finishing at 2343.80 points. Within the index members, there were 6 that rose, and 11 losers. Total volume in rising issues within the ASX20 amounted to 51.68 while volume in the losers totalled 40.38m units.
The major winners in the "big guns" were -
- St George Bank (SGB), +$0.220 (0.83%) to $26.720 on volume of 1.1m shares;
- Woolworths (WOW), +$0.110 (0.7%) to $15.860 on volume of 3.36m shares;
- Commonwealth Bank Of Australia (CBA), +$0.190 (0.5%) to $37.890 on volume of 2.9m shares;
- Telstra Corporation (TLS), +$0.020 (0.49%) to $4.100 on volume of 17.12m shares; and
- Westpac Banking Corporation (WBC), +$0.090 (0.44%) to $20.500 on volume of 4.72m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- Woodside Petroleum (WPL), -$0.950 (3.08%) to $29.880 on volume of 3.65m shares;
- QBE Insurance Group (QBE), -$0.28 (1.56%) to $17.66 on volume of 2.69m shares;
- Foster's Group (FGL), -$0.08 (1.42%) to $5.55 on volume of 4.47m shares;
- Wesfarmers (WES), -$0.46 (1.25%) to $36.29 on volume of 1.13m shares; and
- Rio Tinto (RIO), -$0.48 (0.85%) to $55.82 on volume of 2.66m shares.
PSYCH!!! I don't feel sorry for them at all! (I said at the time that they were expecting 'yesterday's idea' to continue to work... idiots.)
No seriously... I've said it before: never listen to brokerage research or journalists. If you want to "trade news", just set your house on fire - that way you will get the same financial conflagration, but you don't have to endure it by a process of a thousand wrong decisions.
The 'sky is falling, oil is rising' crap was rampant in the runup to Hurricane Rita... hadn't any of the idiot journalists looked at the lower highs on the oil chart? More to the point, hadn't they read this bloody Rant? Oh, of course... this little corner of the world is not affiliated with any media whorehouse or ticket-clippery. So the fact that it gets things right is irrelevant. Fuck 'em... that's what I say.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) fell by 15.00 points (-0.60%), finishing at 2493.30 points. The major winners in the "pop-guns" were -
- SDI (SDI), +$0.065 (8.07%) to $0.870 on volume of 7,000 shares;
- Record Investments (RCD), +$0.510 (7.93%) to $6.940 on volume of 2.54m shares; and
- Multiemedia (MUL), +$0.001 (7.14%) to $0.015 on volume of 8.37m shares; and
- Vision Systems (VSL), +$0.100 (6.21%) to $1.710 on volume of 2.78m shares; and
- Silex Systems (SLX), +$0.080 (5.44%) to $1.550 on volume of 197,000 shares.
The losingest-little-guys for the session were (in order of decline):
- Perseverance Corporation (PSV), -$0.020 (6.45%) to $0.290 on volume of 4.99m shares;
- Resolute Mining (RSG), -$0.075 (6.28%) to $1.120 on volume of 512,000 shares; and
- Globe International (GLB), -$0.020 (5.56%) to $0.340 on volume of 304,000 shares; and
- Antares Energy (AZZ), -$0.030 (5.22%) to $0.545 on volume of 379,000 shares; and
- Tap Oil (TAP), -$0.120 (5%) to $2.280 on volume of 2.05m shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4325.2 | -19.9 | -0.46% | 535.83m |
| XTL | S&P/ASX 20 | 2343.8 | -5.9 | -0.25% | 98.96m |
| XFL | S&P/ASX 50 | 4273.7 | -10.9 | -0.25% | 201.9m |
| XTO | S&P/ASX 100 | 3540 | -12.2 | -0.34% | 365.44m |
| XJO | S&P/ASX 200 | 4364.3 | -15.8 | -0.36% | 455.97m |
| XKO | S&P/ASX 300 | 4360.2 | -16 | -0.37% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4349.4 | -37.5 | -0.85% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2493.3 | -15 | -0.6% | 133.1m |
All Ordinaries Market Internals
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 6 | 25 | 53 | 105 | 55 | 295 |
| Declines | 11 | 66 | 120 | 243 | 94 | 638 |
| Advancing Volume | 51.68m | 118.7m | 137.23m | 156.15 | 34.89 | 216.32 |
| Declining Volume | 40.38m | 217.31m | 269.27m | 308.1 | 71.91 | 528.14 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XTJ Telecommunications which gained 0.13% to 1497.40 points. The sector was helped by
- Telstra Corporation (TLS), +$0.020 (0.49%) to $4.100 on volume of 17.12m shares; and
- Telecom Corporation Of New Zealand (TEL), -$0.080 (1.47%) to $5.380 on volume of 1.63m shares.
Second in the sector leadership stakes was XMJ Materials - but it actually lost ground (only by 0.06%, but that still means its components don't get a guernsey).
The worst-performed sector today was XEJ Energy which lost 1.99% to 9463.40 points. The sector was dragged lower by Woodside again, but WPL didnt' figure in the top 5 percentage losers... those were- Tap Oil (TAP), -$0.120 (5%) to $2.280 on volume of 2.05m shares;
- Hardman Resources (HDR), -$0.090 (4.43%) to $1.940 on volume of 5m shares;
- Caltex Australia (CTX), -$0.840 (4.21%) to $19.100 on volume of 961,000 shares;
- Oil Search (OSH), -$0.130 (3.99%) to $3.130 on volume of 25.19m shares; and
- Roc Oil Company (ROC), -$0.080 (3.35%) to $2.310 on volume of 929,000 shares.
Just in front of last place on the sector table was XUJ Utilities which lost 0.78% to 5056.40 points. The sector was pulled down by
- Diversified Utility And Energy Trusts (DUE), -$0.070 (2.72%) to $2.500 on volume of 778,000 shares;
- Gasnet Australia Group (GAS), -$0.040 (1.43%) to $2.760 on volume of 117,000 shares;
- Energy Developments (ENE), -$0.050 (1.12%) to $4.400 on volume of 448,000 shares;
- Alinta (ALN), -$0.110 (1.05%) to $10.360 on volume of 641,000 shares; and
- Australian Gas Light Company (AGL), -$0.100 (0.7%) to $14.250 on volume of 1.18m shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XTJ | Telecommunications | 1497.4 | 2 | 0.13% | 18.76m |
| XMJ | Materials | 8001.2 | -4.9 | -0.06% | 116.42m |
| XIJ | Information Technology | 416.2 | -0.4 | -0.1% | 5.42m |
| XXJ | ASX200 Financials ex Property Trusts | 5358.5 | -12.6 | -0.23% | 56.93m |
| XFJ | Financials | 5209.9 | -13.9 | -0.27% | 121.79m |
| XSJ | Consumer Staples | 5652.6 | -20.8 | -0.37% | 26.66m |
| XPJ | Property Trusts | 1796.8 | -6.9 | -0.38% | 70.37m |
| XNJ | Industrials | 4914.8 | -23.8 | -0.48% | 67.1m |
| XDJ | Consumer Discretionary | 2204.2 | -14 | -0.63% | 27.17m |
| XHJ | Healthcare | 5693.6 | -44 | -0.77% | 10.12m |
| XUJ | Utilities | 5056.4 | -39.6 | -0.78% | 3.61m |
| XEJ | Energy | 9463.4 | -191.9 | -1.99% | 47.48m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| OSH | Oil Search | 3.13 | -0.13 | -3.99% | 25.19m |
| BHP | BHP Billiton | 20.03 | 0.02 | 0.1% | 22.48m |
| MAP | Macquarie Airports | 2.95 | -0.03 | -1.01% | 21.15m |
| TLS | Telstra Corporation | 4.1 | 0.02 | 0.49% | 17.12m |
| LHG | Lihir Gold | 1.58 | 0.01 | 0.64% | 13.42m |
| MOF | Macquarie Office Trust | 1.3 | -0.01 | -0.38% | 12.98m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| RCD | Record Investments | 6.94 | 0.51 | 7.93% | 2.54m |
| MUL | Multiemedia | 0.015 | 0.001 | 7.14% | 8.37m |
| VSL | Vision Systems | 1.71 | 0.1 | 6.21% | 2.78m |
| NVE | Novera Energy | 1.53 | 0.08 | 5.52% | 35989 |
| SLX | Silex Systems | 1.55 | 0.08 | 5.44% | 196724 |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| PNA | Pan Australian Resources | 0.18 | -0.02 | -7.69% | 7.66m |
| PSV | Perseverance Corporation | 0.29 | -0.02 | -6.45% | 4.99m |
| RSG | Resolute Mining | 1.12 | -0.08 | -6.28% | 512431 |
| MIR | Mirrabooka Investments | 1.67 | -0.11 | -6.18% | 37098 |
| GLB | Globe International | 0.34 | -0.02 | -5.56% | 304250 |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3240.886 | -48.08 | -1.46% | 26.02m |
| Japan | Nikkei 225 | 13199.95 | 9.49 | 0.07% | 0 |
| Korea | KOSPI | 1183.48 | 21.25 | 1.83% | 524480 |
| Singapore | Straits Times | 2234.16 | 7.28 | 0.33% | 0 |
| Hong Kong | Hang Seng | 14410.27 | 1.33 | 0.01% | 230.13m |
| Malaysia | KLSE Comp | 908.23 | -3.46 | -0.38% | 0 |
