Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
As I pointed out in the post below ("SPIRant: On A Friday, No Less") the happy hunting continues for the SPISpy community. The SPI even obliged by not making me look too silly: at one stage it looked like the 'exit all' call was going to be made very prematurely, as the SPI continued to race upward after the exit. Thankfully it was jsut a nuffnuff spike (caused by the breach of the day high) and pusing all the way to 4588 the thing settled down and closed within a bull's roar of the SPISpy exit.
How's the Howard Government's red face over this Gerard bloke? I think I know how the tax law works now: if the ATO thinks I owe them $500k in tax, I get a red hot poker up the arse. However if I was a liberal party donor the whole thing would be a little chuckle (even if the amount of unpaid tax in dispute was 100 times as large): a telephone call would be made, and my woes woudl disappear.
Dammit, I thought that being a Freemason was the path to undeserved preferment... but it turns out that political bribery is far more efficacious - I suppose it stands to reason, since all politicians these days are just whores; there hasn't been a principled politician since Federation. And don't Howard and Costello now look like a couple of aging hookers that have been caught in a street sweep. (Dont' think I exculpate Labour either - Union machine-man Bill Kelty as an RBA Board member was a travesty of the highest type).
Major Market Indices
After early weakness - during which the SPI and the ASX200 breached 4550 from above, and the All Ords tested 4500 - the broad market as measured by the ASX All Ordinaries (XAO) regained its composure and managed to close with a gain of 3.20 points (0.07%), finishing at 4534.80 points. The index hit an intraday high of 4541.50 (not quite 4550-ish) and its low was 4506.3 (4500-ish).
Total volume traded on the ASX was just over 860 million units, 18.3% below its 10-day average: slow, even for a Friday. Of the 490 stocks in the All Ords, 134 fell while 132 managed a gain. Volume was tilted in favour of the gainers by a margin of 1.1:1, with 168.63million shares traded in gainers while 147.74million 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 2.10 points (0.05%), finishing at 4580.10 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 4.10 points (0.17%), finishing at 2454.00 points. Within the index members, there were 13 that rose, and 7 losers. The story was 'weak Financials, strong Resources'. Total volume in rising issues within the ASX20 amounted to 59.72m sahres, while volume in the losers totalled 18.27m units.
The major winners in the "big guns" were -
- Woodside Petroleum (WPL), +$0.670 (1.87%) to $36.470 on volume of 2.23m shares;
- Alumina (AWC), +$0.100 (1.47%) to $6.880 on volume of 4.1m shares;
- Rinker Group (RIN), +$0.210 (1.33%) to $15.950 on volume of 1.42m shares;
- BHP Billiton (BHP), +$0.240 (1.11%) to $21.800 on volume of 10.2m shares; and
- Rio Tinto (RIO), +$0.500 (0.79%) to $63.600 on volume of 1.04m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- Suncorp-Metway (SUN), -$0.120 (0.61%) to $19.510 on volume of 1.81m shares;
- Commonwealth Bank Of Australia (CBA), -$0.23 (0.56%) to $40.51 on volume of 4m shares;
- St George Bank (SGB), -$0.11 (0.39%) to $27.99 on volume of 996,000 shares;
- Australia And New Zealand Banking Group (ANZ), -$0.09 (0.39%) to $22.94 on volume of 4.37m shares;
- National Australia Bank (NAB), -$0.12 (0.38%) to $31.62 on volume of 2.41m shares.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) fell by 0.20 points (-0.01%), finishing at 2569.00 points. The major winners in the "pop-guns" were -
- Silex Systems (SLX), +$0.230 (10.45%) to $2.430 on volume of 372,000 shares;
- Multiemedia (MUL), +$0.001 (8.33%) to $0.013 on volume of 8.47m shares; and
- Sino Gold (SGX), +$0.120 (4.48%) to $2.800 on volume of 360,000 shares; and
- Sally Malay Mining (SMY), +$0.030 (4.29%) to $0.730 on volume of 769,000 shares; and
- Volante Group (VGL), +$0.025 (3.73%) to $0.695 on volume of 1.65m shares.
The losingest-little-guys for the session were (in order of decline):
- AAV (AVV), -$0.045 (4.52%) to $0.950 on volume of 52,000 shares;
- MYOB (MYO), -$0.050 (4.2%) to $1.140 on volume of 381,000 shares; and
- Agenix (AGX), -$0.010 (3.85%) to $0.250 on volume of 421,000 shares; and
- Kimberley Diamond Company (KIM), -$0.050 (3.5%) to $1.380 on volume of 194,000 shares; and
- Village Life Ltd (VLL), -$0.010 (3.23%) to $0.300 on volume of 105,000 shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4534.8 | 3.2 | 0.07% | 427.34m |
| XTL | S&P/ASX 20 | 2454 | 4.1 | 0.17% | 0 |
| XFL | S&P/ASX 50 | 4480.1 | 2.7 | 0.06% | 168.95m |
| XTO | S&P/ASX 100 | 3719.9 | 2.2 | 0.06% | 268.38m |
| XJO | S&P/ASX 200 | 4580.1 | 2.1 | 0.05% | 327.48m |
| XKO | S&P/ASX 300 | 4573.5 | 2.4 | 0.05% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4636.6 | 1.6 | 0.03% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2569 | -0.2 | -0.01% | 117.37m |
All Ordinaries Market Internals
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 13 | 38 | 80 | 132 | 78 | 438 |
| Declines | 7 | 46 | 84 | 134 | 65 | 465 |
| Advancing Volume | 59.72m | 114.87m | 136.25m | 168.63 | 55.88 | 447.92 |
| Declining Volume | 18.27m | 100.66m | 119.65m | 147.74 | 28.08 | 268.31 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XEJ Energy which gained 0.99% to 10676.60 points - thanks to the Venezuelan's agitation last night regarding OPEC's price target. The sector was helped by
- Oil Search (OSH), +$0.110 (3.03%) to $3.740 on volume of 6.04m shares;
- Woodside Petroleum (WPL), +$0.670 (1.87%) to $36.470 on volume of 2.23m shares;
- Arc Energy (ARQ), +$0.025 (1.43%) to $1.770 on volume of 246,000 shares;
- Hardman Resources (HDR), +$0.015 (0.8%) to $1.895 on volume of 2.77m shares; and
- Roc Oil Company (ROC), +$0.020 (0.79%) to $2.560 on volume of 241,000 shares.
Second in the sector leadership stakes was XMJ Materials which gained 0.70% to 8760.40 points. The sector leaders were -
- Croesus Mining (CRS), +$0.010 (3.45%) to $0.300 on volume of 2.3m shares;
- Zinifex (ZFX), +$0.170 (2.95%) to $5.940 on volume of 6.54m shares;
- Oxiana (OXR), +$0.030 (2.1%) to $1.460 on volume of 12.46m shares;
- Lion Selection Group (LSG), +$0.030 (1.5%) to $2.030 on volume of 401,000 shares; and
- Alumina (AWC), +$0.100 (1.47%) to $6.880 on volume of 4.1m shares.
The bronze today went to XUJ Utilities which gained 0.42% to 5455.70 points. The sector was led by
- Australian Pipeline Trust (APA), +$0.050 (1.3%) to $3.900 on volume of 260,000 shares;
- Alinta (ALN), +$0.060 (0.56%) to $10.780 on volume of 324,000 shares;
- Australian Gas Light Company (AGL), +$0.040 (0.25%) to $16.240 on volume of 1.17m shares;
- Diversified Utility And Energy Trusts (DUE), -$0.000 (0%) to $2.530 on volume of 519,000 shares; and
- Energy Developments (ENE), -$0.000 (0%) to $3.960 on volume of 279,000 shares.
The worst-performed sector today was XIJ Information Technology which lost 1.05% to 433.60 points. The sector was dragged lower by
- MYOB (MYO), -$0.050 (4.2%) to $1.140 on volume of 381,000 shares;
- Computershare (CPU), -$0.070 (1.04%) to $6.670 on volume of 3.09m shares;
- IRESS Market Technology (IRE), -$0.000 (0%) to $4.500 on volume of 108,000 shares;
- ERG (ERG), -$0.000 (0%) to $0.125 on volume of 4.72m shares; and
- Baycorp Advantage (BCA), +$0.020 (0.61%) to $3.300 on volume of 156,000 shares.
Just in front of last place on the sector table was XHJ Healthcare which lost 0.60% to 6081.50 points. The sector was pulled down by
- Resmed Inc (RMD), -$0.070 (1.31%) to $5.260 on volume of 497,000 shares;
- CSL (CSL), -$0.500 (1.23%) to $40.150 on volume of 434,000 shares;
- Cochlear (COH), -$0.430 (1.08%) to $39.450 on volume of 124,000 shares;
- Ansell (ANN), -$0.110 (1.05%) to $10.390 on volume of 326,000 shares; and
- Invocare (IVC), -$0.010 (0.25%) to $3.990 on volume of 150,000 shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XEJ | Energy | 10676.6 | 104.2 | 0.99% | 16.83m |
| XMJ | Materials | 8760.4 | 61 | 0.7% | 93.65m |
| XUJ | Utilities | 5455.7 | 22.8 | 0.42% | 3.24m |
| XPJ | Property Trusts | 1867.9 | 7.2 | 0.39% | 43.16m |
| XSJ | Consumer Staples | 5829.4 | 14.1 | 0.24% | 16.18m |
| XDJ | Consumer Discretionary | 2216.4 | 0 | 0% | 23.48m |
| XFJ | Financials | 5379 | -11.3 | -0.21% | 93.96m |
| XTJ | Telecommunications | 1407.3 | -3 | -0.21% | 24.85m |
| XXJ | ASX200 Financials ex Property Trusts | 5521.8 | -20.8 | -0.38% | 54.35m |
| XNJ | Industrials | 5253.6 | -26.9 | -0.51% | 35.78m |
| XHJ | Healthcare | 6081.5 | -36.9 | -0.6% | 10m |
| XIJ | Information Technology | 433.6 | -4.6 | -1.05% | 8.87m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| SBM | St Barbara Mines | 0.36 | 0.03 | 7.46% | 56.85m |
| TLS | Telstra Corporation | 3.84 | 0.02 | 0.52% | 22.44m |
| LHG | Lihir Gold | 2.17 | 0 | 0% | 17.75m |
| SEN | Senetas Corporation | 0.78 | -0.05 | -6.02% | 16.11m |
| IAG | Insurance Australia Group | 4.84 | -0.07 | -1.43% | 15.82m |
| OXR | Oxiana | 1.46 | 0.03 | 2.1% | 12.46m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| ARA | Ariadne Australia | 0.51 | 0.06 | 12.22% | 508761 |
| SLX | Silex Systems | 2.43 | 0.23 | 10.45% | 371590 |
| MUL | Multiemedia | 0.013 | 0.001 | 8.33% | 8.47m |
| GDM | Goldstream Mining | 0.39 | 0.02 | 5.48% | 204171 |
| CNT | Centamin Egypt | 0.45 | 0.02 | 4.65% | 322710 |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TIR | Titan Resources | 0.058 | -0.005 | -7.94% | 1.34m |
| BTA | Biota Holdings | 1.44 | -0.07 | -4.32% | 2.95m |
| MYO | MYOB | 1.14 | -0.05 | -4.2% | 380885 |
| AGX | Agenix | 0.25 | -0.01 | -3.85% | 421125 |
| KIM | Kimberley Diamond Company | 1.38 | -0.05 | -3.5% | 194015 |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3183.307 | -46.68 | -1.45% | 19.59m |
| Japan | Nikkei 225 | 15408.48 | 225.12 | 1.48% | 0 |
| Korea | KOSPI | 1315.6 | -8.6 | -0.65% | 371226 |
| Singapore | Straits Times | 2316.36 | 10.65 | 0.46% | 0 |
| Hong Kong | Hang Seng | 14931.51 | 52.35 | 0.35% | 94.51m |
| Malaysia | KLSE Comp | 897.95 | 1.84 | 0.21% | 0 |
