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The broad market - the ASX All Ordinaries (XAO) - rose by 15.30 points (0.34%), finishing at 4560.20 points. The index opened by dipping to a high-probability intraday low (4537.7) - it coincided with the 10:15 a.m. CCI buying divergence in the SPI (and which in turn coincided with a 'tease break' of SPI 4600, and a smoothed-%R oversold... the only bigger way to scream "Buy" would have been to write it in big letters on the Harbour Bridge).
Total volume traded on the ASX was 940 million units, 4.8% below its 10-day average. Of the 487 stocks in the index, 140 fell while 135 managed a gain. Volume was tilted in favour of the gainers by a margin of 1.3:1, with 229.17million shares traded in gainers while 170.63million shares traded in the day's losers.
As the Index RantBreadth tables show, the recent advance is happening on fairly feeble internals; the advance is more and more being 'sponsored' (or 'underwritten' is perhaps a better word) by a narrowing group of stocks. That's not healthy, but for the moment that's what it is.
The Index that forms the cash basis for the SFE's Share Price Index Futures - the S&P/ASX 200 (XJO) - rose by 17.90 points (0.39%), finishing at 4621.10 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 16.90 points (0.68%), finishing at 2501.40 points. Within the index members, there were 15 that rose, and 4 losers (Telstra was unchanged). Total volume in rising issues within the ASX20 amounted to 54.12m while volume in the losers totalled 17.35m units.
The major winners in the "big guns" were -
- QBE Insurance Group (QBE), +$0.410 (2.17%) to $19.320 on volume of 2.37m shares;
- Macquarie Bank (MBL), +$1.450 (2.12%) to $69.950 on volume of 784,000 shares;
- Australia And New Zealand Banking Group (ANZ), +$0.400 (1.7%) to $23.900 on volume of 6.33m shares;
- Westpac Banking Corporation (WBC), +$0.340 (1.51%) to $22.880 on volume of 9.1m shares; and
- Wesfarmers (WES), +$0.510 (1.38%) to $37.400 on volume of 805,000 shares.
The following stocks made up the biggest percentage losers in the big-guns:
- Alumina (AWC), -$0.080 (1.26%) to $6.250 on volume of 3.03m shares;
- Woodside Petroleum (WPL), -$0.27 (0.84%) to $31.98 on volume of 1.39m shares;
- Rio Tinto (RIO), -$0.36 (0.59%) to $60.60 on volume of 1.72m shares;
- BHP Billiton (BHP), -$0.11 (0.51%) to $21.42 on volume of 11.2m shares
Now... do you think it was little guys buying TLS after yesterday's Trujillo-induced debacle? I would bet not.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) rose by 0.80 points (0.03%), finishing at 2559.00 points. The major winners in the "pop-guns" were -
- Emperor Mines (EMP), +$0.055 (20.37%) to $0.325 on volume of 240,000 shares;
- Schaffer Corporation (SFC), +$0.470 (10.85%) to $4.800 on volume of 46,000 shares; and
- ERG (ERG), +$0.010 (7.69%) to $0.140 on volume of 7.4m shares; and
- Multiemedia (MUL), +$0.001 (7.69%) to $0.014 on volume of 14.79m shares; and
- A.B.C. Learning Centres (ABS), +$0.430 (6.42%) to $7.130 on volume of 3.24m shares.
The losingest-little-guys for the session were (in order of decline):
- Austral Coal (AUO), -$0.100 (8.55%) to $1.070 on volume of 3,000 shares;
- Hardman Resources (HDR), -$0.145 (7.82%) to $1.710 on volume of 10.48m shares; and
- Lynas Corporation (LYC), -$0.010 (7.14%) to $0.130 on volume of 306,000 shares; and
- Antares Energy (AZZ), -$0.025 (5.43%) to $0.435 on volume of 534,000 shares; and
- Centennial Coal Company (CEY), -$0.170 (4.53%) to $3.580 on volume of 2.1m shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4560.2 | 15.3 | 0.34% | 627.48m |
| XTL | S&P/ASX 20 | 2501.4 | 16.9 | 0.68% | 0 |
| XFL | S&P/ASX 50 | 4540.3 | 21.5 | 0.48% | 311.94m |
| XTO | S&P/ASX 100 | 3755.7 | 15.7 | 0.42% | 427.77m |
| XJO | S&P/ASX 200 | 4621.1 | 17.9 | 0.39% | 513.63m |
| XKO | S&P/ASX 300 | 4611.8 | 17.6 | 0.38% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4575.8 | 3.5 | 0.08% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2559 | 0.8 | 0.03% | 162.79m |
All Ordinaries Market Internals
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 15 | 45 | 88 | 135 | 70 | 473 |
| Declines | 4 | 40 | 81 | 140 | 86 | 447 |
| Advancing Volume | 54.12m | 129.06m | 177.36m | 229.17 | 76.98 | 367.75 |
| Declining Volume | 17.35m | 101.07m | 138.32m | 170.63 | 58.03 | 293.51 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XXJ ASX200 Financials ex Property Trusts which gained 1.09% to 5753.60 points. The sector was helped by
- Australand Property Group (ALZ), +$0.085 (4.44%) to $2.000 on volume of 2.69m shares;
- SFE Corporation (SFE), +$0.430 (3.12%) to $14.200 on volume of 334,000 shares;
- QBE Insurance Group (QBE), +$0.410 (2.17%) to $19.320 on volume of 2.37m shares;
- Macquarie Bank (MBL), +$1.450 (2.12%) to $69.950 on volume of 784,000 shares; and
- Adelaide Bank (ADB), +$0.220 (1.72%) to $12.990 on volume of 147,000 shares.
Second in the sector leadership stakes was XFJ Financials which gained 0.94% to 5551.90 points (this is the last time you wil lsee this index - it is being deleted from the RantBase tonight). The sector leaders were the same as for XXJ (as usual) -
- Australand Property Group (ALZ), +$0.085 (4.44%) to $2.000 on volume of 2.69m shares;
- SFE Corporation (SFE), +$0.430 (3.12%) to $14.200 on volume of 334,000 shares;
- QBE Insurance Group (QBE), +$0.410 (2.17%) to $19.320 on volume of 2.37m shares;
- Macquarie Bank (MBL), +$1.450 (2.12%) to $69.950 on volume of 784,000 shares; and
- Bunnings Warehouse Property Trust (BWP), +$0.040 (1.9%) to $2.150 on volume of 722,000 shares.
The bronze today went to XSJ Consumer Staples which gained 0.80% to 5987.60 points. The sector was led by
- Ridley Corporation (RIC), +$0.035 (2.56%) to $1.400 on volume of 1.29m shares;
- Futuris Corporation (FCL), +$0.030 (1.57%) to $1.940 on volume of 1.4m shares;
- Woolworths (WOW), +$0.220 (1.28%) to $17.390 on volume of 2.21m shares;
- Foster's Group (FGL), +$0.060 (1.04%) to $5.820 on volume of 5.83m shares; and
- Burns, Philp & Company (BPC), -$0.000 (0%) to $1.115 on volume of 2.31m shares.
The worst-performed sector today was XEJ Energy which lost 1.06% to 9803.80 points. The sector was dragged lower by the drop in Woodside (which dominates the index by virtue of its market cap - 5x bigger than the nearest index component) but the top 5 percentage declienrs were
- Hardman Resources (HDR), -$0.145 (7.82%) to $1.710 on volume of 10.48m shares;
- Tap Oil (TAP), -$0.110 (4.31%) to $2.440 on volume of 646,000 shares;
- Roc Oil Company (ROC), -$0.090 (3.63%) to $2.390 on volume of 478,000 shares;
- Oil Search (OSH), -$0.030 (0.94%) to $3.170 on volume of 7.22m shares; and
- Caltex Australia (CTX), -$0.190 (0.93%) to $20.320 on volume of 264,000 shares.
Just in front of last place on the sector table was XHJ Healthcare which lost 0.43% to 6098.20 points. The sector was pulled down by
- Chemeq (CMQ), -$0.030 (2.93%) to $0.995 on volume of 231,000 shares;
- Peptech (PTD), -$0.040 (2.82%) to $1.380 on volume of 636,000 shares;
- Ventracor (VCR), -$0.025 (2.17%) to $1.125 on volume of 189,000 shares;
- Sonic Healthcare (SHL), -$0.300 (2.07%) to $14.210 on volume of 1.09m shares; and
- Resmed Inc (RMD), -$0.070 (1.23%) to $5.600 on volume of 771,000 shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XXJ | ASX200 Financials ex Property Trusts | 5753.6 | 62.1 | 1.09% | 55.61m |
| XFJ | Financials | 5551.9 | 51.9 | 0.94% | 128.81m |
| XSJ | Consumer Staples | 5987.6 | 47.4 | 0.8% | 22.79m |
| XIJ | Information Technology | 443.4 | 2.2 | 0.5% | 9.2m |
| XTJ | Telecommunications | 1489.6 | 6.4 | 0.43% | 148.97m |
| XPJ | Property Trusts | 1862.6 | 7.5 | 0.4% | 75.81m |
| XDJ | Consumer Discretionary | 2230 | 6.7 | 0.3% | 26.92m |
| XNJ | Industrials | 5264.5 | 11.8 | 0.22% | 40.44m |
| XUJ | Utilities | 5270.3 | 5.2 | 0.1% | 3.28m |
| XMJ | Materials | 8536.8 | -35.7 | -0.42% | 83.43m |
| XHJ | Healthcare | 6098.2 | -26.1 | -0.43% | 9.36m |
| XEJ | Energy | 9803.8 | -105.4 | -1.06% | 24.16m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TLS | Telstra Corporation | 4.02 | 0 | 0% | 144.78m |
| MPR | Macquarie Prologis Trust | 1.18 | 0.01 | 0.85% | 15.42m |
| MGQ | Macquarie Goodman Group | 4.28 | 0 | 0% | 15.31m |
| CSR | CSR | 3.03 | 0.05 | 1.68% | 11.21m |
| BHP | BHP Billiton | 21.42 | -0.11 | -0.51% | 11.2m |
| LHG | Lihir Gold | 2 | -0.06 | -2.91% | 10.55m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| PSG | Palm Springs | 0.05 | 0.01 | 25% | 1.52m |
| EMP | Emperor Mines | 0.33 | 0.06 | 20.37% | 240009 |
| BLT | Benitec | 0.16 | 0.02 | 14.81% | 1.05m |
| SFC | Schaffer Corporation | 4.8 | 0.47 | 10.85% | 45689 |
| VBA | Virgin Blue Holdings | 1.82 | 0.15 | 8.98% | 2.7m |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| ADG | Adtrans Group | 2.92 | -0.29 | -9.03% | 20434 |
| CLT | Cellnet Group | 1.01 | -0.1 | -9.01% | 119306 |
| HDR | Hardman Resources | 1.71 | -0.15 | -7.82% | 10.48m |
| AZZ | Antares Energy | 0.44 | -0.03 | -5.43% | 534350 |
| CEY | Centennial Coal Company | 3.58 | -0.17 | -4.53% | 2.1m |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3334.759 | 23.11 | 0.7% | 21.71m |
| Japan | Nikkei 225 | 14132.87 | 41.1 | 0.29% | 0 |
| Korea | KOSPI | 1265.26 | 11.4 | 0.91% | 492287 |
| Singapore | Straits Times | 2249.85 | 9.36 | 0.42% | 0 |
| Hong Kong | Hang Seng | 14647.19 | 19.78 | 0.14% | 108.75m |
| Malaysia | KLSE Comp | 893.39 | -0.94 | -0.11% | 0 |
