Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Note to RantPRO subscribers: the Pro site is down for some reason, I have contacted the hosts, and they expect the issue to be resolved within an hour.
For cryin' out loud... if it's not one thing, it's another. Today it was plunging copper prices and 8%+ wage claims (specifically at BHP's Escondida mine), plus Woodside declaring a reduced production target. But what's worse, I had no access to any of the machinery of the Pro site for ages last night, which prevented me from doing anything whatsoever (except the stuff I can do outside RantWorld, which is the hand-crafted crapola you see before your very eyes). That's also the reason why the layout looks so awful - the CSS files that govern the blog layout are all stored on RantPRO's servers.
The folks who host the Pro site are usually very good - there has not been an unplanned outage for over a year, and even that was to relocate to a faster server (and one that gave me SSH access so that I could bash things).
Anyhow - that's by the by. In "GT has finally lost it for good" news, the decomposing clown made another appearance - WTF is that about, I wonder?
Major Market Indices
The broad market - the ASX All Ordinaries (XAO) - fell by 39.10 points (-0.80%), finishing at 4830.80 points. The index hit an intraday high of 4869.90 just before 11:30 (a 'tease tick' re-test of the first-hour's high to lure in the nuffies) and its low was 4814.2, set at 3:30 p.m. Sydney time.
Total volume traded on the ASX was 890 million units, 18.7% below its 10-day average. Of the 483 stocks in the index, 195 fell while 91 managed a gain. Volume was tilted in favour of the losers by a margin of 3.0:1, with 344.87million shares traded in losers while 113.59million 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 39.80 points (-0.81%), finishing at 4861.40 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - fell by 28.50 points (-1.07%), finishing at 2630.30 points. Within the index members, there were 4 that rose, and 16 losers. Total volume in rising issues within the ASX20 amounted to a paltry 10.01m units while volume in the losers totalled 105.95m units.
The major winners in the "big guns" were -
- Foster's Group (FGL), +$0.040 (0.72%) to $5.580 on volume of 2.77m shares;
- AMP Limited (AMP), +$0.050 (0.59%) to $8.570 on volume of 4.24m shares;
- Woolworths (WOW), +$0.080 (0.43%) to $18.750 on volume of 2.16m shares; and
- Macquarie Bank (MBL), +$0.140 (0.22%) to $65.190 on volume of 845,000 shares.
The following stocks made up the biggest percentage losers in the big-guns:
- BHP Billiton (BHP), -$0.810 (3.02%) to $25.990 on volume of 18.81m shares;
- National Australia Bank (NAB), -$0.92 (2.7%) to $33.10 on volume of 4.95m shares;
- Commonwealth Bank Of Australia (CBA), -$1.00 (2.38%) to $41.00 on volume of 3.13m shares;
- Woodside Petroleum (WPL), -$0.97 (2.31%) to $40.95 on volume of 1.8m shares;
- Rio Tinto (RIO), -$1.59 (2.13%) to $73.21 on volume of 2.28m 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 14.10 points (-0.51%), finishing at 2761.50 points. The major winners in the "pop-guns" were -
- Iinet (IIN), +$0.095 (16.38%) to $0.675 on volume of 6.57m shares;
- Colorado Group (CDO), +$0.260 (7.54%) to $3.710 on volume of 1.14m shares; and
- Dragon Mining (DRA), +$0.010 (7.41%) to $0.145 on volume of 800,000 shares; and
- Cellestis (CST), +$0.240 (6.58%) to $3.890 on volume of 29,000 shares; and
- Agenix (AGX), +$0.010 (6.06%) to $0.175 on volume of 1.28m shares.
The losingest-little-guys for the session were (in order of decline):
- Multiemedia (MUL), -$0.001 (12.5%) to $0.007 on volume of 2.76m shares;
- Perilya (PEM), -$0.240 (10%) to $2.160 on volume of 816,000 shares; and
- Sirtex Medical (SRX), -$0.150 (6.12%) to $2.300 on volume of 5,000 shares; and
- Kagara Zinc (KZL), -$0.240 (5.9%) to $3.830 on volume of 911,000 shares; and
- Bendigo Mining (BDG), -$0.095 (5.38%) to $1.670 on volume of 2.52m shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4830.8 | -39.1 | -0.8% | 496.77m |
| XTL | S&P/ASX 20 | 2630.3 | -28.5 | -1.07% | 0 |
| XFL | S&P/ASX 50 | 4753.2 | -43.7 | -0.91% | 226.6m |
| XTO | S&P/ASX 100 | 3945 | -34.4 | -0.86% | 331.48m |
| XJO | S&P/ASX 200 | 4861.4 | -39.8 | -0.81% | 396.1m |
| XKO | S&P/ASX 300 | 4856.3 | -40.5 | -0.83% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4903.5 | -28.8 | -0.58% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2761.5 | -14.1 | -0.51% | 145.63m |
All Ordinaries Market Internals
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Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 4 | 30 | 55 | 91 | 52 | 329 |
| Declines | 16 | 55 | 110 | 195 | 102 | 691 |
| Advancing Volume | 10.01m | 57.18m | 69.61m | 113.59 | 59.77 | 200.77 |
| Declining Volume | 105.95m | 253.83m | 299.48m | 344.87 | 75.77 | 535.34 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XUJ Utilities which gained 0.12% to 5810.90 points. The sector only hadtwo advancing stocks:
- Diversified Utility And Energy Trusts (DUE), +$0.100 (3.51%) to $2.950 on volume of 317,000 shares;
- Australian Pipeline Trust (APA), +$0.030 (0.69%) to $4.360 on volume of 88,000 shares;
Second in the sector leadership stakes was XSJ Consumer Staples which gained 0.07% to 6146.90 points. The sector leaders were -
- AWB (AWB), +$0.140 (3.43%) to $4.220 on volume of 1.75m shares;
- Ridley Corporation (RIC), +$0.010 (0.83%) to $1.220 on volume of 53,000 shares;
- Foster's Group (FGL), +$0.040 (0.72%) to $5.580 on volume of 2.77m shares;
- Lion Nathan (LNN), +$0.040 (0.52%) to $7.780 on volume of 500,000 shares; and
- Woolworths (WOW), +$0.080 (0.43%) to $18.750 on volume of 2.16m shares.
These were the only two sectors that rose for the session..
The worst-performed sector today was XMJ Materials which lost 1.88% to 9864.50 points. The sector was dragged lower primarily by a 3% fall in BHP, although BHP did not make it into the list of the sector's 5 worst performed stocks in percentage terms:
- Zinifex (ZFX), -$0.480 (5.19%) to $8.760 on volume of 8.48m shares;
- Great Southern Plantations (GTP), -$0.130 (3.88%) to $3.220 on volume of 2.57m shares;
- Jubilee Mines (JBM), -$0.260 (3.67%) to $6.830 on volume of 727,000 shares;
- Lion Selection Group (LSG), -$0.065 (3.5%) to $1.790 on volume of 102,000 shares; and
- Gunns (GNS), -$0.090 (3.14%) to $2.780 on volume of 773,000 shares.
Just in front of last place on the sector table was XTJ Telecommunications which lost 1.29% to 1266.30 points. Both of the sector's stocks fell:
- Telstra Corporation (TLS), -$0.060 (1.63%) to $3.630 on volume of 43.38m shares; and
- Telecom Corporation Of New Zealand (TEL), -$0.030 (0.85%) to $3.490 on volume of 8.11m shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XUJ | Utilities | 5810.9 | 6.8 | 0.12% | 2.34m |
| XSJ | Consumer Staples | 6146.9 | 4.5 | 0.07% | 16.37m |
| XFJ | Financials | 5689.6 | -27.5 | 0% | 113.81m |
| XIJ | Information Technology | 480 | -0.2 | -0.04% | 6.13m |
| XDJ | Consumer Discretionary | 2267.2 | -3 | -0.13% | 25.87m |
| XHJ | Healthcare | 6262.8 | -26.1 | -0.42% | 11.1m |
| XXJ | ASX200 Financials ex Property Trusts | 5846.9 | -27.8 | -0.47% | 38.89m |
| XPJ | Property Trusts | 1967.3 | -10 | -0.51% | 78.48m |
| XEJ | Energy | 11569.6 | -121.9 | -1.04% | 16.63m |
| XNJ | Industrials | 5295.3 | -57 | -1.06% | 67.54m |
| XTJ | Telecommunications | 1266.3 | -16.5 | -1.29% | 51.49m |
| XMJ | Materials | 9864.5 | -189 | -1.88% | 91.04m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TLS | Telstra Corporation | 3.63 | -0.06 | -1.63% | 43.38m |
| MIG | Macquarie Infrastructure Group | 3.37 | -0.12 | -3.44% | 24.76m |
| BHP | BHP Billiton | 25.99 | -0.81 | -3.02% | 18.81m |
| BIL | Brambles Industries | 10.55 | -0.13 | -1.22% | 15.42m |
| PNA | Pan Australian Resources | 0.34 | -0.01 | -2.86% | 13.44m |
| LHG | Lihir Gold | 2.66 | -0.08 | -2.92% | 11.13m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| BBB | B Digital | 0.11 | 0.02 | 22.09% | 1.94m |
| IIN | Iinet | 0.68 | 0.1 | 16.38% | 6.57m |
| PBD | Port Bouvard | 2.33 | 0.17 | 7.87% | 89440 |
| UNW | Unwired Group | 0.28 | 0.02 | 7.84% | 952917 |
| CDO | Colorado Group | 3.71 | 0.26 | 7.54% | 1.14m |
All Ords Percentage Decliners
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TAW | Tawana Resources | 0.23 | -0.05 | -16.67% | 371000 |
| PEM | Perilya | 2.16 | -0.24 | -10% | 816165 |
| CBH | CBH Resources | 0.35 | -0.04 | -9.09% | 1.71m |
| EOS | Electro Optic Systems Holdings | 1.22 | -0.11 | -8.27% | 44198 |
| SPL | Starpharma Holdings | 0.39 | -0.03 | -7.14% | 245442 |
Elsewhere in the Region...
Regional Indices
| Country | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| New Zealand | NZSE50 | 3546.549 | -17.97 | -0.5% | 22.89m |
| Japan | Nikkei 225 | 14648.41 | -211.94 | -1.43% | -na- |
| Korea | KOSPI | 1225.83 | -25.84 | -2.06% | -na- |
| Singapore | Straits Times | 2316.98 | -50.92 | -2.15% | -na- |
| Hong Kong | Hang Seng | 15571.66 | -197.2 | -1.25% | 263.37m |
| Malaysia | KLSE Comp | 890.21 | 0.7 | 0.08% | -na- |
