Interdum stultus opportuna loquitur...

Monday, October 10, 2005

OzRant: Somebody to Strangle...

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The broad market - the ASX All Ordinaries (XAO) - rose by 28.00 points (0.64%), finishing at 4427.90 points. The index hit an intraday high of 4437.80 at 1:30 p.m., after opening with a burst to above 4430 within the first 20 minutes. It's Monday, after all - and since as 'investors' we've all become good Americanoids, we have no memory of anything prior to last night's viscous stream of complete tripe from the idiot box. The session low - 4400.1 - was set at the open, but there were several exploitable pullbacks intra-session (none of them were exploited though - I spent the day trying to figure out why the bloody Rant-mailer is still refusing to operate as directed... someone ought to die for this).

Total volume traded on the ASX was 1.12 billion units, 0.9% below its 10-day average. Of the 485 stocks in the index, 220 rose while 143 fell. Volume was tilted in favour of the gainers by a margin of 2.1:1, with 253.21million shares traded in gainers while 121.17million 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 28.50 points (0.64%), finishing at 4469.10 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 17.10 points (0.72%), finishing at 2385.90 points. Within the index members, there were 13 that rose, and 5 losers. Total volume in rising issues within the ASX20 amounted to 57.81m shares, while volume in the losers totalled 14.78m units.

The major winners in the "big guns" were -

  • Woodside Petroleum (WPL), +$0.900 (2.82%) to $32.840 on volume of 1.32m shares;
  • QBE Insurance Group (QBE), +$0.260 (1.46%) to $18.120 on volume of 1.13m shares;
  • Rio Tinto (RIO), +$0.750 (1.33%) to $57.250 on volume of 1.56m shares;
  • Westfield Group (WDC), +$0.210 (1.29%) to $16.450 on volume of 4.14m shares; and
  • BHP Billiton (BHP), +$0.250 (1.22%) to $20.720 on volume of 12.98m shares.

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

  • Foster's Group (FGL), -$0.080 (1.43%) to $5.500 on volume of 8.01m shares;
  • Commonwealth Bank (CBA), -$0.23 (0.61%) to $37.41 on volume of 2.37m shares;
  • St George Bank (SGB), -$0.08 (0.3%) to $27.02 on volume of 549,000 shares;

At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO)  rose by 6.70 points (0.26%), finishing at 2553.10 points. The major winners in the "pop-guns" were -

  • Vision Systems (VSL), +$0.110 (7.69%) to $1.540 on volume of 2.64m shares;
  • Zinifex (ZFX), +$0.260 (6.09%) to $4.530 on volume of 2.78m shares; and
  • Kagara Zinc (KZL), +$0.090 (5.84%) to $1.630 on volume of 916,000 shares; and
  • PMP (PMP), +$0.080 (5.52%) to $1.530 on volume of 1.76m shares; and
  • Virotec International (VTI), +$0.045 (5.42%) to $0.875 on volume of 219,000 shares.

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

  • Villa World (VWD), -$0.130 (8.61%) to $1.380 on volume of 146,000 shares;
  • Austral Coal (AUO), -$0.100 (7.69%) to $1.200 on volume of 15,000 shares; and
  • Psivida (PSD), -$0.055 (7.1%) to $0.720 on volume of 601,000 shares; and
  • Emperor Mines (EMP), -$0.020 (6.9%) to $0.270 on volume of 20,000 shares; and
  • Pacifica Group (PBB), -$0.090 (4.62%) to $1.860 on volume of 949,000 shares.
Index Changes
CodeNameClose+/-%Volume
XAOAll Ordinaries4427.9280.64%454.79m
XTLS&P/ASX 202385.917.10.72%72.59m
XFLS&P/ASX 504369.928.60.66%172.38m
XTOS&P/ASX 100362424.20.67%265.04m
XJOS&P/ASX 2004469.128.50.64%330.51m
XKOS&P/ASX 3004463.828.20.64%0
XMDS&P/ASX Mid-Cap 504484.533.80.76%0
XSOS&P/ASX Small Ordinaries2553.16.70.26%114.33m

All Ordinaries Market Internals

Market Breadth
ASX20XTOXJOXAOXSOMarket
Advances136210822086521
Declines5296014364395
Advancing Volume57.81m171.66m195.57m253.2156.12766.03
Declining Volume14.78m62.17m84.15m121.1729.58235.43

S&P/ASX200 GICS Sector Indices

The top sector for the day was XEJ Energy which gained 1.86% to 10344.40 points - seems like everybody is back on the Energy bandwagon as a result of a pathetic oversold bounce in Crude on Friday. What does that tell you about sentiment? The sector was helped by

  • Oil Search (OSH), +$0.130 (3.63%) to $3.710 on volume of 3.99m shares;
  • Woodside Petroleum (WPL), +$0.900 (2.82%) to $32.840 on volume of 1.32m shares;
  • Caltex Australia (CTX), +$0.410 (2.15%) to $19.460 on volume of 258,000 shares;
  • Tap Oil (TAP), +$0.050 (1.92%) to $2.660 on volume of 490,000 shares; and
  • Santos (STO), +$0.220 (1.87%) to $12.000 on volume of 1.16m shares.

Second in the sector leadership stakes was XHJ Healthcare which gained 1.68% to 5974.20 points. The sector leaders were -

  • CSL (CSL), +$2.000 (5.34%) to $39.460 on volume of 1.93m shares;
  • Cochlear (COH), +$1.190 (3.29%) to $37.400 on volume of 180,000 shares;
  • Sigma Company (SIG), +$0.340 (2.81%) to $12.440 on volume of 248,000 shares;
  • Sonic Healthcare (SHL), +$0.350 (2.34%) to $15.300 on volume of 204,000 shares; and
  • Chemeq (CMQ), +$0.020 (1.79%) to $1.140 on volume of 87,000 shares.

The bronze today went to XMJ Materials which gained 1.03% to 8303.50 points. The sector was led by

  • Zinifex (ZFX), +$0.260 (6.09%) to $4.530 on volume of 2.78m shares;
  • Great Southern Plantations (GTP), +$0.100 (3.76%) to $2.760 on volume of 661,000 shares;
  • Gunns (GNS), +$0.100 (3.29%) to $3.140 on volume of 1.65m shares;
  • Rinker Group (RIN), +$0.370 (2.45%) to $15.500 on volume of 1.72m shares; and
  • Kimberley Diamond Company (KIM), +$0.025 (1.9%) to $1.340 on volume of 1.41m shares.

The worst-performed sector today - in fact the only GICS sector to post a loss - was XUJ Utilities which lost 0.28% to 5188.00 points. The sector was dragged lower by

  • Diversified Utility And Energy Trusts (DUE), -$0.050 (1.9%) to $2.580 on volume of 498,000 shares;
  • Australian Gas Light Company (AGL), -$0.140 (0.95%) to $14.630 on volume of 568,000 shares;
  • Envestra (ENV), -$0.010 (0.84%) to $1.185 on volume of 538,000 shares;
  • Energy Developments (ENE), -$0.020 (0.45%) to $4.450 on volume of 252,000 shares; and
  • Pacific Hydro (PHY), -$0.000 (0%) to $5.000 on volume of 0,000 shares.

Just in front of last place on the sector table was XDJ Consumer Discretionary which managed to finish abvove the zero line - it gained 0.07% to 2254.70 points.


Sector Indices
CodeGICS SectorClose+/-%Volume
XEJEnergy10344.4188.81.86%12.54m
XHJHealthcare5974.298.91.68%10.52m
XMJMaterials8303.584.71.03%79.76m
XTJTelecommunications1493.412.50.84%21.88m
XPJProperty Trusts181614.40.8%62.14m
XNJIndustrials5146.139.80.78%50.1m
XIJInformation Technology421.51.90.45%6.06m
XFJFinancials525719.80.38%103.28m
XXJASX200 Financials ex Property Trusts5404.614.10.26%44.44m
XSJConsumer Staples5719.813.40.23%21.43m
XDJConsumer Discretionary2254.71.60.07%24.05m
XUJUtilities5188-14.4-0.28%3.32m

All Ordinaries Major Movers

All Ords Volume Leaders
CodeNameClose+/-%Volume
BTABiota Holdings2.390.5831.68%38.46m
MIGMacquarie Infrastructure Group3.640.041.11%24.73m
TLSTelstra Corporation4.070.030.74%19.7m
PNAPan Australian Resources0.21-0.03-12.77%16.49m
BHPBHP Billiton20.720.251.22%12.98m
NDONido Petroleum0.170.0213.79%12.33m
All Ords Percentage Gainers
CodeNameClose+/-%Volume
BTABiota Holdings2.390.5831.68%38.14m
DOMDominion Mining0.550.0714.74%608547
SPLStarpharma Holdings0.620.0711.82%307133
VSLVision Systems1.540.117.69%2.61m
ZFXZinifex4.530.266.09%2.67m
All Ords Percentage Decliners
CodeNameClose+/-%Volume
PNAPan Australian Resources0.21-0.03-12.77%16.49m
VWDVilla World1.38-0.13-8.61%144335
TIRTitan Resources0.05-0.004-7.41%1.67m
PSDPsivida0.73-0.05-6.45%535529
PBBPacifica Group1.83-0.12-6.15%873524

Elsewhere in the Region...

Regional Indices
CountryNameClose+/-%Volume
New ZealandNZSE503414.03513.780.41%13.11m
JapanNikkei 22513227.74-131.77-0.99%0
KoreaKOSPI1227.1826.172.18%434229
SingaporeStraits Times2333.5928.351.23%0
Hong KongHang Seng14872.0424.250.16%135.59m
MalaysiaKLSE Comp929.724.510.49%0