Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Just a short aside to begin with... you might recall from today's USRant that I was mildly disappointed with the Euro-bounce; I foresaw something a little more energetic than the 28-pip bounce that eventuated. Well, as of right now, the Euro is up another 15 pips: still not setting the world on fire, but moving in the 'right' direction with a little more alacrity.
Some of you might wonder why I would set a mingy 10-point target in the SPI short (taken yesterday at 10:30 a.m. Sydney time, and exited ten points lower - as outlined in the previous days OzRant), when - as I said at the time - there was a prospect of it becoming something more profitable. The answer: I expected to be able to get a better re-entry today if it was desired. And sure as eggs (recall, having exited the short at 4464), today at 10:30 a.m. the SPI was at 4479 (and in the opening 5 minutes it was up at 4486) - ripe for a re-entry for those who wished it. From there it fell all the way to 4430 before bouncing a little. Don't worry though - I'm not claiming this second-effort for the RantRecord.
Major Market Indices
The broad market - the ASX All Ordinaries (XAO) - fell by 16.20 points (-0.37%), finishing at 4408.80 points. The index hit an intraday high of 4430.80 about 15 minutes after the open, and its low was 4395.1, set just after 2:30 p.m. Sydney time.
Total volume traded on the ASX was 860 million units, 4.8% below its 10-day average. Of the 436 stocks in the index, 202 fell while 132 managed a gain. Volume was tilted in favour of the losers by a margin of 1.3:1, with 257.57million shares traded in losers while 197.86million 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 18.40 points (-0.41%), finishing at 4456.30 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - fell by 12.30 points (-0.51%), finishing at 2398.50 points. Within the index members, there were 5 that rose, and 15 losers. Total volume in rising issues within the ASX20 amounted to 12.17m shares while volume in the losers totalled 76.03m units.
The major winners in the "big guns" were -
- Woodside Petroleum (WPL), +$0.600 (1.91%) to $32.000 on volume of 1.64m shares;
- QBE Insurance Group (QBE), +$0.050 (0.28%) to $18.140 on volume of 2.67m shares;
- St George Bank (SGB), +$0.060 (0.22%) to $27.330 on volume of 2.82m shares;
- Commonwealth Bank Of Australia (CBA), +$0.080 (0.2%) to $39.330 on volume of 3.09m shares; and
- Rio Tinto (RIO), +$0.110 (0.19%) to $57.110 on volume of 1.95m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- Rinker Group (RIN), -$0.360 (2.32%) to $15.160 on volume of 3.2m shares;
- AMP Limited (AMP), -$0.10 (1.38%) to $7.17 on volume of 7.47m shares;
- Suncorp-Metway (SUN), -$0.23 (1.2%) to $18.95 on volume of 683,000 shares;
- Australia And New Zealand Banking Group (ANZ), -$0.25 (1.06%) to $23.39 on volume of 4.69m shares;
- BHP Billiton (BHP), -$0.19 (0.91%) to $20.70 on volume of 16.79m 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 8.90 points (-0.35%), finishing at 2518.50 points. The major winners in the "pop-guns" were -
- Pacifica Group (PBB), +$0.165 (9.24%) to $1.950 on volume of 586,000 shares;
- Multiemedia (MUL), +$0.001 (6.25%) to $0.017 on volume of 55.52m shares; and
- Sydney Gas Ltd (SGL), +$0.025 (5.26%) to $0.500 on volume of 371,000 shares; and
- Miller's Retail (MRL), +$0.045 (5.03%) to $0.940 on volume of 6.99m shares; and
- Metabolic Pharmaceuticals (MBP), +$0.025 (4.5%) to $0.580 on volume of 197,000 shares.
The losingest-little-guys for the session were (in order of decline):
- Dragon Mining (DRA), -$0.010 (7.14%) to $0.130 on volume of 1.56m shares;
- Psivida (PSD), -$0.050 (6.41%) to $0.730 on volume of 432,000 shares; and
- Norwood Abbey (NAL), -$0.030 (5.94%) to $0.475 on volume of 236,000 shares; and
- Tower (TWR), -$0.100 (5.78%) to $1.630 on volume of 2.89m shares; and
- Schaffer Corporation (SFC), -$0.250 (5.48%) to $4.310 on volume of 22,000 shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4408.8 | -16.2 | -0.37% | 558.37m |
| XTL | S&P/ASX 20 | 2398.5 | -12.3 | -0.51% | 0 |
| XFL | S&P/ASX 50 | 4369.1 | -18.6 | -0.42% | 186.75m |
| XTO | S&P/ASX 100 | 3617.2 | -14.9 | -0.41% | 320.83m |
| XJO | S&P/ASX 200 | 4456.3 | -18.4 | -0.41% | 408.53m |
| XKO | S&P/ASX 300 | 4450.6 | -18.1 | -0.41% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4431.4 | -14.1 | -0.32% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2518.5 | -8.9 | -0.35% | 189.12m |
All Ordinaries Market Internals
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 5 | 36 | 69 | 132 | 62 | 392 |
| Declines | 15 | 52 | 100 | 202 | 88 | 505 |
| Advancing Volume | 0m | 92.2m | 103.82m | 197.86 | 99.79 | 380.54 |
| Declining Volume | 0m | 181.08m | 237.66m | 257.57 | 64.65 | 363.6 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XEJ Energy which gained 1.08% to 9885.80 points - it was the only sector that managed an advance for the session. The sector components that experienced the largest percentage gains were:
- Caltex Australia (CTX), +$0.620 (2.96%) to $21.570 on volume of 582,000 shares;
- Woodside Petroleum (WPL), +$0.600 (1.91%) to $32.000 on volume of 1.64m shares;
- Tap Oil (TAP), +$0.040 (1.71%) to $2.380 on volume of 393,000 shares;
- Oil Search (OSH), +$0.040 (1.24%) to $3.260 on volume of 5.17m shares; and
- Worleyparsons (WOR), +$0.050 (0.51%) to $9.850 on volume of 390,000 shares.
Second in the sector leadership stakes was XPJ Property Trusts which lost -0.14% to 1814.00 points.
The worst-performed sector today was XUJ Utilities which lost 2.06% to 5185.70 points. The sector was dragged lower by- Energy Developments (ENE), -$0.220 (4.66%) to $4.500 on volume of 1.29m shares;
- Australian Gas Light Company (AGL), -$0.430 (2.83%) to $14.750 on volume of 2.09m shares;
- Diversified Utility And Energy Trusts (DUE), -$0.070 (2.69%) to $2.530 on volume of 474,000 shares;
- Envestra (ENV), -$0.010 (0.83%) to $1.200 on volume of 920,000 shares; and
- Gasnet Australia Group (GAS), -$0.020 (0.74%) to $2.670 on volume of 153,000 shares.
Just in front of last place on the sector table was XDJ Consumer Discretionary which lost 0.86% to 2194.80 points. The sector was pulled down by
- Fairfax Holdings (FXJ), -$0.100 (2.43%) to $4.010 on volume of 4.67m shares;
- APN News & Media (APN), -$0.110 (2.32%) to $4.640 on volume of 1.26m shares;
- David Jones (DJS), -$0.050 (2.16%) to $2.270 on volume of 827,000 shares;
- Unitab (UTB), -$0.260 (2.08%) to $12.250 on volume of 1.31m shares; and
- Harvey Norman Holdings (HVN), -$0.050 (1.8%) to $2.730 on volume of 729,000 shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XEJ | Energy | 9885.8 | 105.4 | 1.08% | 16.21m |
| XPJ | Property Trusts | 1814 | -2.6 | -0.14% | 71.85m |
| XNJ | Industrials | 4984.1 | -13.1 | -0.26% | 48.67m |
| XFJ | Financials | 5301.7 | -17.7 | -0.33% | 128.58m |
| XXJ | ASX200 Financials ex Property Trusts | 5465 | -21.1 | -0.38% | 58.65m |
| XMJ | Materials | 8255.2 | -44.3 | -0.53% | 104.79m |
| XHJ | Healthcare | 5839.9 | -33.3 | -0.57% | 9.72m |
| XSJ | Consumer Staples | 5779.1 | -39.8 | -0.68% | 34.57m |
| XTJ | Telecommunications | 1526.5 | -12 | -0.78% | 21.62m |
| XIJ | Information Technology | 430.7 | -3.7 | -0.85% | 5.48m |
| XDJ | Consumer Discretionary | 2194.8 | -19.1 | -0.86% | 34.62m |
| XUJ | Utilities | 5185.7 | -109.1 | -2.06% | 5.74m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TLS | Telstra Corporation | 4.2 | -0.03 | -0.71% | 19.88m |
| BHP | BHP Billiton | 20.7 | -0.19 | -0.91% | 16.79m |
| SGT | Singapore Telecommunications | 1.86 | 0.01 | 0.54% | 14.99m |
| MOF | Macquarie Office Trust | 1.26 | 0 | 0% | 14.12m |
| BPC | Burns, Philp & Company | 1.1 | -0.05 | -3.95% | 13m |
| MXG | Multiplex Group | 3.28 | 0.04 | 1.23% | 11.16m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TIR | Titan Resources | 0.055 | 0.005 | 10% | 1.01m |
| PBB | Pacifica Group | 1.95 | 0.17 | 9.24% | 586421 |
| MUL | Multiemedia | 0.017 | 0.001 | 6.25% | 55.52m |
| PNA | Pan Australian Resources | 0.18 | 0.01 | 5.88% | 8.82m |
| SGL | Sydney Gas Ltd | 0.5 | 0.03 | 5.26% | 370917 |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| PWT | Powertel | 1.2 | -0.12 | -9.09% | 342461 |
| DRA | Dragon Mining | 0.13 | -0.01 | -7.14% | 1.56m |
| PSD | Psivida | 0.73 | -0.05 | -6.41% | 432049 |
| VRL | Village Roadshow | 2.4 | -0.16 | -6.25% | 755925 |
| ETR | Etrade Australia | 2.18 | -0.14 | -6.03% | 812089 |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3285.585 | -11.57 | -0.35% | 26.8m |
| Japan | Nikkei 225 | 13820.91 | -46.95 | -0.34% | 0 |
| Korea | KOSPI | 1207.24 | 18.29 | 1.54% | 287396 |
| Singapore | Straits Times | 2246.98 | 30.21 | 1.36% | 0 |
| Hong Kong | Hang Seng | 14555.96 | -16.3 | -0.11% | 137.53m |
| Malaysia | KLSE Comp | 912.51 | 1.75 | 0.19% | 0 |
