Interdum stultus opportuna loquitur...

Wednesday, December 07, 2005

OzRant: All Over The Place...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

The broad market - the ASX All Ordinaries (XAO) - rose by 7.60 points (0.17%), finishing at 4576.30 points. After bouncing off its opening level (whic halso turned out to be the session low), the All Ords rose to an intraday high of 4583.50 just after 1 p.,m. (that was the third time it had touched the 4583 level, and it was also the SPISpy's declared shorting time - see "SPIRant: What You Missed..." below). Unfortunately the spurt into the close that I expected (it's all laid out in the post I linked to just now) stalled big-time; if multi-lotters had ignored my "exit all" e-mail update they would have pocketed anotehr ten SPI points from the short's renewed downward thrust. Still, the SPISpy added (4,8,10) to the RantRecord, so we mustn't second guess history.

Total volume traded on the ASX was just over 1 billion units, 4.3% below its 10-day average. Of the 487 stocks in the index, 157 rose while 124 fell. Volume was split almsot down the middle between winners and losers, with the honours just going to the gainers - 252.63million shares traded in gainers while 241.06million 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 7.90 points (0.17%), finishing at 4623.90 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 1.00 points (0.04%), finishing at 2476.80 points. Within the index members, there were 11 that rose, and 9 losers. Total volume in rising issues within the ASX20 amounted to 33.79 while volume in the losers totalled 57.9m units.

The major winners in the "big guns" were -

  • Alumina (AWC), +$0.240 (3.61%) to $6.880 on volume of 6.88m shares;
  • Woodside Petroleum (WPL), +$0.700 (1.92%) to $37.080 on volume of 1.85m shares;
  • Rio Tinto (RIO), +$0.850 (1.35%) to $63.840 on volume of 2m shares;
  • QBE Insurance Group (QBE), +$0.180 (0.95%) to $19.030 on volume of 2.84m shares; and
  • Macquarie Bank (MBL), +$0.550 (0.81%) to $68.310 on volume of 461,000 shares.

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

  • Rinker Group (RIN), -$0.240 (1.47%) to $16.040 on volume of 1.97m shares;
  • Coles Myer Ltd (CML), -$0.12 (1.2%) to $9.90 on volume of 2.96m shares;
  • Commonwealth Bank Of Australia (CBA), -$0.49 (1.18%) to $41.20 on volume of 2.64m shares;
  • AMP Limited (AMP), -$0.05 (0.66%) to $7.49 on volume of 4.83m shares;
  • Australia And New Zealand Banking Group (ANZ), -$0.13 (0.55%) to $23.45 on volume of 3.76m shares.

At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) rose by 13.40 points (0.52%), finishing at 2596.80 points. The major winners in the "pop-guns" were -

  • Kresta Holdings (KRS), +$0.020 (9.09%) to $0.240 on volume of 499,000 shares;
  • Consolidated Minerals (CSM), +$0.180 (6.67%) to $2.880 on volume of 3.16m shares; and
  • Croesus Mining (CRS), +$0.015 (5.77%) to $0.275 on volume of 4.13m shares; and
  • Capral Aluminium (CAA), +$0.065 (5.63%) to $1.220 on volume of 457,000 shares; and
  • Orbital Corporation (OEC), +$0.005 (5%) to $0.105 on volume of 131,000 shares.

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

  • Multiemedia (MUL), -$0.001 (7.69%) to $0.012 on volume of 9.69m shares;
  • Norwood Abbey (NAL), -$0.035 (7.29%) to $0.445 on volume of 109,000 shares; and
  • Infomedia Ltd (IFM), -$0.025 (4.72%) to $0.505 on volume of 413,000 shares; and
  • Volante Group (VGL), -$0.035 (4.64%) to $0.720 on volume of 970,000 shares; and
  • Sino Gold (SGX), -$0.120 (4.36%) to $2.630 on volume of 120,000 shares.
Index Changes
CodeNameClose+/-%Volume
XAOAll Ordinaries4576.37.60.17%577.58m
XTLS&P/ASX 202476.810.04%0
XFLS&P/ASX 504522.54.90.11%187.43m
XTOS&P/ASX 1003754.65.40.14%320.53m
XJOS&P/ASX 2004623.97.90.17%420.83m
XKOS&P/ASX 3004616.88.20.18%0
XMDS&P/ASX Mid-Cap 504676.216.50.35%0
XSOS&P/ASX Small Ordinaries2596.813.40.52%141.76m

All Ordinaries Market Internals

Market Breadth
ASX20XTOXJOXAOXSOMarket
Advances114810415790488
Declines9396312459439
Advancing Volume33.79m161.34m221.06m252.63m72.66m507.49m
Declining Volume57.9m121.11m136.32m241.06m41.34m346.7m

S&P/ASX200 GICS Sector Indices

The top sector for the day was XEJ Energy which gained 1.57% to 10834.50 points. The sector was helped by

  • Roc Oil Company (ROC), +$0.120 (4.82%) to $2.610 on volume of 680,000 shares;
  • Australian Worldwide Exploration (AWE), +$0.050 (2.33%) to $2.200 on volume of 1.76m shares;
  • Worleyparsons (WOR), +$0.220 (2.04%) to $11.000 on volume of 215,000 shares;
  • Oil Search (OSH), +$0.070 (1.94%) to $3.670 on volume of 6.73m shares; and
  • Woodside Petroleum (WPL), +$0.700 (1.92%) to $37.080 on volume of 1.85m shares.

Second in the sector leadership stakes was XDJ Consumer Discretionary which gained 0.58% to 2235.60 points. The sector leaders were -

  • Village Roadshow (VRLPA), +$0.090 (4.07%) to $2.300 on volume of 4,000 shares;
  • Ten Network Holdings (TEN), +$0.110 (3.38%) to $3.360 on volume of 2.75m shares;
  • David Jones (DJS), +$0.050 (2.08%) to $2.450 on volume of 1.57m shares;
  • Seven Network (SEV), +$0.160 (1.95%) to $8.350 on volume of 566,000 shares; and
  • News Corporation (NWSLV), +$0.380 (1.88%) to $20.550 on volume of 899,000 shares.

The bronze today went to XMJ Materials which gained 0.56% to 8790.90 points. The sector was led by

  • Croesus Mining (CRS), +$0.015 (5.77%) to $0.275 on volume of 4.13m shares;
  • Capral Aluminium (CAA), +$0.065 (5.63%) to $1.220 on volume of 457,000 shares;
  • Iluka Resources (ILU), +$0.350 (4.35%) to $8.400 on volume of 2.79m shares;
  • Alumina (AWC), +$0.240 (3.61%) to $6.880 on volume of 6.88m shares; and
  • CSR (CSR), +$0.110 (3.5%) to $3.250 on volume of 6.39m shares.

The worst-performed sector today was XUJ Utilities which lost 1.05% to 5423.60 points. The sector was dragged lower by

  • Alinta (ALN), -$0.190 (1.75%) to $10.690 on volume of 1.05m shares;
  • Australian Gas Light Company (AGL), -$0.190 (1.16%) to $16.180 on volume of 1.91m shares;
  • Australian Pipeline Trust (APA), -$0.030 (0.78%) to $3.840 on volume of 118,000 shares;
  • Diversified Utility And Energy Trusts (DUE), -$0.010 (0.39%) to $2.540 on volume of 955,000 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 XIJ Information Technology which lost 0.47% to 442.20 points. The sector was pulled down by

  • Infomedia Ltd (IFM), -$0.025 (4.72%) to $0.505 on volume of 413,000 shares;
  • Vision Systems (VSL), -$0.045 (2.72%) to $1.610 on volume of 620,000 shares;
  • Computershare (CPU), -$0.080 (1.15%) to $6.860 on volume of 960,000 shares;
  • ERG (ERG), -$0.000 (0%) to $0.130 on volume of 1.42m shares; and
  • Baycorp Advantage (BCA), +$0.030 (0.91%) to $3.330 on volume of 82,000 shares.
Sector Indices
CodeGICS SectorClose+/-%Volume
XEJEnergy10834.5167.31.57%26.64m
XDJConsumer Discretionary2235.612.80.58%29.62m
XMJMaterials8790.949.30.56%128.17m
XNJIndustrials5318.529.30.55%54.54m
XPJProperty Trusts1858.61.30.07%54.89m
XFJFinancials5441.9-5.8-0.11%96.21m
XHJHealthcare6225.5-9.2-0.15%15.17m
XXJASX200 Financials ex Property Trusts5612.2-8.7-0.15%42.1m
XTJTelecommunications1417.7-4-0.28%23.56m
XSJConsumer Staples5852.7-18.9-0.32%23.52m
XIJInformation Technology442.2-2.1-0.47%4.19m
XUJUtilities5423.6-57.6-1.05%4.63m

All Ordinaries Major Movers

All Ords Volume Leaders
CodeNameClose+/-%Volume
ERAEnergy Resources Of Australia10.44-2.69-20.49%57.92m
TLSTelstra Corporation3.83-0.01-0.26%22.02m
LHGLihir Gold2.110.031.44%21.88m
SENSenetas Corporation0.870.066.75%19.02m
SGTSingapore Telecommunications2.01-0.01-0.5%16.31m
BHPBHP Billiton21.81-0.02-0.09%14.38m
All Ords Percentage Gainers
CodeNameClose+/-%Volume
KRSKresta Holdings0.240.029.09%498989
COUCount Financial2.150.157.5%196907
CSMConsolidated Minerals2.880.186.67%3.16m
CRSCroesus Mining0.280.025.77%4.13m
CAACapral Aluminium1.220.075.63%457037
All Ords Percentage Decliners
CodeNameClose+/-%Volume
ERAEnergy Resources Of Australia10.44-2.69-20.49%57.92m
MULMultiemedia0.012-0.001-7.69%9.69m
ANCAngus & Coote (Holdings)7.8-0.48-5.8%6665
EOSElectro Optic Systems Holdings3.5-0.2-5.41%116986
IFMInfomedia Ltd0.51-0.03-4.72%412578

Elsewhere in the Region...

Regional Indices
CountryNameClose+/-%Volume
New ZealandNZSE503227.572.420.07%29.42m
JapanNikkei 22515513.5490.160.58%0
KoreaKOSPI1323.732.670.2%517535
SingaporeStraits Times2312.434.080.18%0
Hong KongHang Seng15013.1322.520.15%109.69m
MalaysiaKLSE Comp890.443.970.45%0