Interdum stultus opportuna loquitur...

Monday, December 12, 2005

OzRant: Monday Fun-Day... Until Lunchtime.

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 27.40 points (0.60%), finishing at 4562.20 points. The index hit an intraday high of 4579.60 (4575-ish) at 1:30 p.m. (at the same time as the XJO was touching 4625-ish from below) and its low of 4534.8 was set at the open. You might think that the market did OK to hold onto its mid-session gain,s but if you thought that. you haven't seen what happened to the SPI after 4:15 - it dropped like a rock that had a cement block tied to it. Here's a picture...

SPI 15-minute chart

Sadly - due to a cockup with the new mailer implemented for the PRO site - there was no attempt to exploit either the manic rise in the morning, nor the mirror-image decline in the afternoon. Nine hours of database and logfile examination later, and I'm none the wiser... so I have to prepare 40 welcome e-mails by hand tonight. So this will be really brief...

Total volume traded on the ASX was 910 million units, 10.1% below its 10-day average. Of the 490 stocks in the index, 167 rose while 103 fell (I'm going to try and change this a bit in the future - the index count should really only include stocks that traded). 

ASX Volume was tilted in favour of the gainers by a margin of 1.8:1, with 218.56million shares traded in gainers while 122.55million 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 31.80 points (0.69%), finishing at 4611.90 points.

The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 16.10 points (0.66%), finishing at 2470.10 points. Within the index members, there were 16 that rose, and 4 losers. Total volume in rising issues within the ASX20 amounted to 49.29 while volume in the losers totalled 24.21m units.

The major winners in the "big guns" were -

  • Westpac Banking Corporation (WBC), +$0.510 (2.36%) to $22.160 on volume of 6.83m shares;
  • Alumina (AWC), +$0.150 (2.19%) to $6.990 on volume of 2.51m shares;
  • Coles Myer Ltd (CML), +$0.190 (1.93%) to $10.030 on volume of 1.8m shares;
  • Australia And New Zealand Banking Group (ANZ), +$0.300 (1.31%) to $23.200 on volume of 7.13m shares; and
  • Commonwealth Bank Of Australia (CBA), +$0.430 (1.06%) to $40.950 on volume of 1.47m shares.

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

  • Macquarie Bank (MBL), -$1.250 (1.83%) to $66.950 on volume of 1.35m shares;
  • Telstra Corporation (TLS), -$0.05 (1.31%) to $3.77 on volume of 18.06m shares;
  • Westfield Group (WDC), -$0.13 (0.76%) to $16.91 on volume of 3.93m shares;
  • Suncorp-Metway (SUN), -$0.04 (0.2%) to $19.50 on volume of 867,000 shares;
  • Rio Tinto (RIO), +$0.05 (0.08%) to $63.60 on volume of 2.14m 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 - rose by 11.30 points (0.44%), finishing at 2580.30 points. The major winners in the "pop-guns" were -

  • Bendigo Mining (BDG), +$0.070 (5.11%) to $1.440 on volume of 1.11m shares;
  • Capral Aluminium (CAA), +$0.060 (4.92%) to $1.280 on volume of 94,000 shares; and
  • Orbital Corporation (OEC), +$0.005 (4.76%) to $0.110 on volume of 148,000 shares; and
  • SFE Corporation (SFE), +$0.560 (4.53%) to $12.910 on volume of 609,000 shares; and
  • Aquarius Platinum (AQP), +$0.450 (4.09%) to $11.460 on volume of 24,000 shares.

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

  • Virotec International (VTI), -$0.080 (9.88%) to $0.730 on volume of 105,000 shares;
  • Multiemedia (MUL), -$0.001 (7.69%) to $0.012 on volume of 5.06m shares; and
  • Globe International (GLB), -$0.020 (6.78%) to $0.275 on volume of 30,000 shares; and
  • Miller's Retail (MRL), -$0.070 (6.03%) to $1.090 on volume of 961,000 shares; and
  • Genetic Technologies (GTG), -$0.025 (4.72%) to $0.505 on volume of 2.3m shares.
Index Changes
XAOAll Ordinaries4562.227.40.6%400.38m
XTLS&P/ASX 202470.116.10.66%0
XFLS&P/ASX 504512.732.60.73%150.01m
XTOS&P/ASX 100374626.10.7%254.65m
XJOS&P/ASX 2004611.931.80.69%305.35m
XKOS&P/ASX 3004604.5310.68%0
XMDS&P/ASX Mid-Cap 504662.225.60.55%0
XSOS&P/ASX Small Ordinaries2580.311.30.44%106.7m

All Ordinaries Market Internals

Market Breadth
Advancing Volume49.29m172.97m190.74m218.5643.59451.92
Declining Volume24.21m67.19m98.47m122.5542.97328.56

S&P/ASX200 GICS Sector Indices

The top sector for the day was XIJ Information Technology which gained 1.87% to 441.70 points. The sector was helped by

  • Computershare (CPU), +$0.170 (2.56%) to $6.820 on volume of 770,000 shares;
  • IRESS Market Technology (IRE), +$0.040 (0.89%) to $4.540 on volume of 41,000 shares;
  • Baycorp Advantage (BCA), -$0.000 (0%) to $3.300 on volume of 42,000 shares;
  • ERG (ERG), -$0.000 (0%) to $0.125 on volume of 2.24m shares; and
  • Infomedia Ltd (IFM), -$0.000 (0%) to $0.490 on volume of 216,000 shares.

Second in the sector leadership stakes was XXJ ASX200 Financials ex Property Trusts which gained 1.11% to 5582.90 points. The sector leaders were -

  • SFE Corporation (SFE), +$0.560 (4.53%) to $12.910 on volume of 609,000 shares;
  • Insurance Australia Group (IAG), +$0.200 (4.15%) to $5.020 on volume of 10.99m shares;
  • Promina Group (PMN), +$0.120 (2.54%) to $4.850 on volume of 2.88m shares;
  • Australand Property Group (ALZ), +$0.050 (2.53%) to $2.030 on volume of 319,000 shares; and
  • Westpac Banking Corporation (WBC), +$0.510 (2.36%) to $22.160 on volume of 6.83m shares.

The bronze today went to XHJ Healthcare which gained 0.88% to 6134.90 points. The sector was led by

  • Novogen (NRT), +$0.140 (2.77%) to $5.190 on volume of 35,000 shares;
  • Resmed Inc (RMD), +$0.140 (2.66%) to $5.410 on volume of 685,000 shares;
  • Healthscope (HSP), +$0.110 (1.99%) to $5.650 on volume of 807,000 shares;
  • Ventracor (VCR), +$0.020 (1.79%) to $1.140 on volume of 375,000 shares; and
  • Ansell (ANN), +$0.150 (1.44%) to $10.550 on volume of 279,000 shares.

The worst-performed sector today was XTJ Telecommunications which lost 1.07% to 1392.30 points; yet another twist of the knife for the Mums & Dads... they are having their interest in T3 deliberately undermined by the institutional investment community in the same way as was done for later tranches of Commonwealth Bank back in the olden days. It's all being done so that instos get the lion's share of T3, and then they will take their foot off its neck and there won't be any stopping it. the Telecomms sector index (it's only got two stocks) looked like this: 

  • Telstra Corporation (TLS), -$0.050 (1.31%) to $3.770 on volume of 18.06m shares; and
  • Telecom Corporation Of New Zealand (TEL), -$0.000 (0%) to $5.260 on volume of 2.37m shares.

Just in front of last place on the sector table was XEJ Energy which lost 0.58% to 10614.40 points. The sector was pulled down by

  • Oil Search (OSH), -$0.140 (3.72%) to $3.620 on volume of 6.08m shares;
  • Caltex Australia (CTX), -$0.690 (3.5%) to $19.000 on volume of 1.14m shares;
  • Hardman Resources (HDR), -$0.040 (2.12%) to $1.850 on volume of 3.27m shares;
  • Australian Worldwide Exploration (AWE), -$0.030 (1.38%) to $2.150 on volume of 2.48m shares; and
  • Origin Energy (ORG), -$0.090 (1.24%) to $7.170 on volume of 1.83m shares.
Sector Indices
CodeGICS SectorClose+/-%Volume
XIJInformation Technology441.78.11.87%3.99m
XXJASX200 Financials ex Property Trusts5582.961.11.11%46.65m
XSJConsumer Staples587545.60.78%18.33m
XDJConsumer Discretionary2230.213.80.62%24.44m
XPJProperty Trusts1873.15.20.28%41.93m

All Ordinaries Major Movers

All Ords Volume Leaders
LHGLihir Gold2.240.073.23%27.52m
GGNGallery Gold0.4300%18.26m
TLSTelstra Corporation3.77-0.05-1.31%18.06m
SENSenetas Corporation0.72-0.06-7.69%13.7m
MAPMacquarie Airports3.02-0.07-2.27%11.66m
SBMSt Barbara Mines0.380.037.04%11.27m
All Ords Percentage Gainers
BTABiota Holdings1.550.117.29%7.37m
BDGBendigo Mining1.440.075.11%1.11m
CAACapral Aluminium1.280.064.92%94350
ALKAlkane Exploration0.220.014.76%805486
All Ords Percentage Decliners
VTIVirotec International0.73-0.08-9.88%104801
MRLMiller's Retail1.09-0.07-6.03%960796
MSTMetal Storm0.2-0.01-4.76%349133
GTGGenetic Technologies0.51-0.03-4.72%2.3m

Elsewhere in the Region...

Regional Indices
New ZealandNZSE503185.2771.970.06%24.27m
JapanNikkei 22515678.33274.281.78%0
SingaporeStraits Times2329.588.480.37%0
Hong KongHang Seng14974.9664.450.43%109.76m
MalaysiaKLSE Comp897.4-0.9-0.1%0