Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Yoou may have noticed that as the OOzRant ramps up, itis getting earlier and earlier... once I fnd a way to write the prefaratory remarks automatially, I will let the thing post itself while I am still asleep...
Major Market Indices
The broad market - the All Ordinaries (XAO) - dipped reasonably hard, registering a loss of 68.3 points (1.04%), finishing at 6526.1 points. The index hit an intraday high of 6567.6 at the open (a statisitcal arftefact of the openng process), while the low for the day was 6516.7 - set about forty minutes before the end of the session.
Total volume traded on the ASX was 1.41 billion units, about 66% below 10-day average exchange volume. The ASX's daily listing of all stocks included 1432 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 487 issues rose, with volume in rising issues totalling 609.7 million units. 643 stocks were dragged below the gain line, with aggregate volume traded of 562.8 million shares. Odd that - decliner won the headcount, but advancers won the volume.
Of the 487 All Ordinaries components, 163 rose while 251 fell. Volume was tilted in favour of the losers by a margin of 1.5:1, with 248 million shares traded in gainers while 362.47 million 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) - registered a loss of 66.7 points (1.02%), closing out the session at 6461.9 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - registered a loss of 37.3 points (1.04%), closing out the session at 3533.9 points.
Among the 20 big guns, 3 index components finished to the upside, and of the rest, 15 closed lower for the session. The 21 stocks which make up the index traded a total of 137.98 million units; 3 index components rose, with rising volume amounting to 27.14 million shares, while the 15 decliners had volume traded totalling 89.15 million units. The major percentage gainers within the index were
- Brambles Limited (BXB), +$0.59 (4.96%) to $12.48 on volume of 10.7 million shares;
- Wesfarmers Limited (WES), +$0.49 (1.24%) to $40.09 on volume of 1.7 million shares; and
- BHP Billiton Limited (BHP), +$0.10 (0.24%) to $41.25 on volume of 14.7 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- National Australia Bank Limited (NAB), -$1.97 (4.48%) to $42.03 on volume of 9.8 million shares;
- Woodside Petroleum Limited (WPL), -$1.3 (2.7%) to $46.90 on volume of 5 million shares;
- Qbe Insurance Group Limited (QBE), -$0.65 (2.06%) to $30.85 on volume of 2.6 million shares;
- Rio Tinto Limited (RIO), -$2.59 (1.92%) to $132.00 on volume of 2.9 million shares; and
- Telstra (Installment Receipts) (TLSCA), -$0.06 (1.87%) to $3.14 on volume of 11.3 million shares.
At the other end of the market-cap spectrum lie the denizens of the ASX Small Ordinaries (XSO) - the place where non-mania excess returns lie. The small end of the market fell, but still outperformed its large-cap counterpart. The Small Ords slid modestly, falling 34.5 points (0.86%), closing out the session at 3994.6 points.
Among the stocks that make up the Small Caps index, 68 index components finished to the upside, and of the rest, 112 closed lower for the session.
The 197 stocks which make up the index traded a total of 183.9 million units: volume in the 68 gainers totalling 71.58 million shares, with trade totalling 103.45 million units in the index's 112 declining components. The major percentage gainers within the index were- Wotif.com Holdings Limited (WTF), +$0.30 (5.39%) to $5.87 on volume of 181.1 thousand shares;
- Bravura Solutions Limited (BVA), +$0.10 (5%) to $2.00 on volume of 189.1 thousand shares;
- Mintails Limited (MLI), +$0.03 (4.35%) to $0.72 on volume of 8.5 million shares;
- Progen Industries (PGL), +$0.08 (3.11%) to $2.65 on volume of 62.6 thousand shares; and
- Mineral Deposits Limited (MDL), +$0.04 (2.84%) to $1.45 on volume of 344.8 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Pan Australian Resources Limited (PNA), -$0.06 (5.5%) to $1.03 on volume of 6.5 million shares;
- Boom Logistics Limited (BOL), -$0.15 (5.36%) to $2.65 on volume of 2.4 million shares;
- Aquarius Platinum Limited (AQP), -$2.03 (5.08%) to $37.95 on volume of 54.7 thousand shares;
- St Barbara Limited (SBM), -$0.04 (4.65%) to $0.82 on volume of 4.6 million shares; and
- Aditya Birla Minerals limited (ABY), -$0.14 (4.64%) to $2.88 on volume of 1.1 million shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 6526.1 | -68.3 | -1.04 | 670.3m |
| XTL | ASX 20 | 3533.9 | -37.3 | -1.04 | 138m |
| XFL | ASX 50 | 6261 | -64.7 | -1.02 | 232.9m |
| XTO | ASX 100 | 5214.2 | -54.5 | -1.03 | 399.1m |
| XJO | ASX 200 | 6461.9 | -66.7 | -1.02 | 509.3m |
| XKO | ASX 300 | 6482.4 | -66.4 | -1.01 | 585.4m |
| XMD | ASX Mid-Cap 50 | 6619.2 | -73.8 | -1.1 | 166.2m |
| XSO | ASX Small Ordinaries | 3994.6 | -34.5 | -0.86 | 186.3m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 3 | 32 | 61 | 163 | 68 | 487 |
| Declines | 15 | 60 | 124 | 250 | 112 | 643 |
| Advancing Volume | 27.1m | 141.4m | 182.1m | 248m | 71.6m | 609.7m |
| Declining Volume | 89.1m | 218.2m | 280.3m | 358.3m | 103.5m | 562.8m |
GICS Industry Indices
Among the 11 industry indices, 2 registered an advance for the session, the remaining 9 lost ground.
The best performing index was Information Technology (XIJ), which added 16.1 points (2.74%) to 602.7 points. The 2 stocks which make up the index traded a total of 3.19 million units; 2 index components rose, with rising volume amounting to 3.19 million shares, while sole declining stock traded 0 million units. The major percentage gainers within the index were
- Computershare Limited (CPU), +$0.33 (3.27%) to $10.43 on volume of 3 million shares; and
- Iress Market Technology Limited (IRE), +$0.10 (1.26%) to $8.02 on volume of 215.3 thousand shares.
Second in the index leadership stakes was Property Trusts (XPJ), which gained 4 points (0.17%) to 2318.1 points. The 20 stocks which make up the index traded a total of 87.76 million units; 13 index components rose, with rising volume amounting to 66.56 million shares, while the 5 decliners had volume traded totalling 16.67 million units. The major percentage gainers within the index were
- ING Industrial Fund (IIF), +$0.06 (2.3%) to $2.67 on volume of 2 million shares;
- Valad Property Group (VPG), +$0.04 (2.22%) to $1.84 on volume of 8.5 million shares;
- Macquarie Office Trust (MOF), +$0.03 (2.01%) to $1.52 on volume of 5.2 million shares;
- Babcock&Brown Japan Property Trust (BJT), +$0.03 (1.62%) to $1.57 on volume of 1.5 million shares; and
- ING Office Fund (IOF), +$0.03 (1.54%) to $1.65 on volume of 7.1 million shares.
The worst-performed index for the session was Energy (XEJ), which dipped 311.2 points (2.03%) to 15014 points. The 17 stocks which make up the index traded a total of 36.33 million units; The 11 decliners had volume traded totalling 19.4 million units, and 5 index components rose, with rising volume amounting to 16.05 million shares, The major percentage decliners within the index were
- Paladin Resources Limited (PDN), -$0.4 (5.26%) to $7.20 on volume of 3.6 million shares;
- Straits Resources Limited (SRL), -$0.26 (4.02%) to $6.21 on volume of 1.8 million shares;
- Worleyparsons Limited (WOR), -$1.81 (3.77%) to $46.23 on volume of 208.3 thousand shares;
- Caltex Australia Limited (CTX), -$0.77 (3.42%) to $21.75 on volume of 633 thousand shares; and
- Nexus Energy Limited (NXS), -$0.06 (3.24%) to $1.65 on volume of 1.1 million shares.
Just missing out on the wooden spoon was ASX200 Financials ex Property Trusts (XXJ), which slid 120 points (1.59%) to 7419.1 points. The 29 stocks which make up the index traded a total of 57.64 million units; The 23 decliners had volume traded totalling 46.11 million units, and 3 index components rose, with rising volume amounting to 3 million shares, The major percentage decliners within the index were
- National Australia Bank Limited (NAB), -$1.97 (4.48%) to $42.03 on volume of 9.8 million shares;
- City Pacific Limited (CIY), -$0.1 (2.67%) to $3.65 on volume of 70.9 thousand shares;
- Qbe Insurance Group Limited (QBE), -$0.65 (2.06%) to $30.85 on volume of 2.6 million shares;
- Tower Australia Group Limited (TAL), -$0.05 (1.94%) to $2.53 on volume of 516.9 thousand shares; and
- Lend Lease Corporation Limited (LLC), -$0.35 (1.85%) to $18.60 on volume of 672.3 thousand shares.
Third-to-last amongst the sector indices was Telecommunications (XTJ), which slid 21.5 points (1.28%) to 1652.6 points. The 4 stocks which make up the index traded a total of 35.94 million units; The 3 decliners had volume traded totalling 34.49 million units, and volume in the lone rising index component was 1.45 million shares, The major percentage decliners within the index were
- Telstra (Installment Receipts) (TLSCA), -$0.06 (1.87%) to $3.14 on volume of 11.3 million shares;
- Telstra Corporation Limited. (TLS), -$0.07 (1.49%) to $4.64 on volume of 19.5 million shares; and
- Singapore Telecommunications Limited. (SGT), -$0.04 (1.36%) to $2.90 on volume of 3.7 million shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XIJ | Information Technology | 602.7 | 16.1 | 2.74 | 3m |
| XPJ | Property Trusts | 2318.1 | 4 | 0.17 | 88m |
| XSJ | Consumer Staples | 8662.3 | -4.5 | -0.05 | 47m |
| XNJ | Industrials | 6909.8 | -22.6 | -0.33 | 70m |
| XDJ | Consumer Discretionary | 2673.3 | -9.4 | -0.35 | 31m |
| XUJ | Utilities | 6887.6 | -38.5 | -0.56 | 18m |
| XHJ | Healthcare | 9086.8 | -68.3 | -0.75 | 9m |
| XMJ | Materials | 15126.3 | -189.5 | -1.24 | 114m |
| XTJ | Telecommunications | 1652.6 | -21.5 | -1.28 | 36m |
| XXJ | ASX200 Financials ex Property Trusts | 7419.1 | -120 | -1.59 | 58m |
| XEJ | Energy | 15014 | -311.2 | -2.03 | 36m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| LGL | Lihir Gold Limited | 3.83 | -0.18 | -4.49 | 23.7m |
| EMP | Emperor Mines Limited | 0.07 | 0.00 | 1.37 | 22.4m |
| TLS | Telstra Corporation Limited. | 4.64 | -0.07 | -1.49 | 19.5m |
| CGJ | Coles Group Limited | 15.25 | 0.00 | 0 | 19.5m |
| DRT | DB RREEF Trust | 1.92 | 0.01 | 0.26 | 16.8m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| ARR | Arasor International Limited | 2.14 | 0.17 | 8.63 | 1.7m |
| NFL | Natural Fuel Limited | 0.20 | 0.02 | 8.33 | 942.6k |
| CPR | Clive Peeters Limited | 1.98 | 0.12 | 6.45 | 4.1k |
| MCP | Mcpherson's Limited | 3.50 | 0.20 | 6.06 | 331.9k |
| GRR | Grange Resources Limited. | 2.59 | 0.14 | 5.71 | 252.3k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| MBP | Metabolic Pharmaceuticals Limited | 0.05 | 0.00 | -7.55 | 172.7k |
| AVO | Avoca Resources Limited | 2.51 | -0.19 | -7.04 | 413.1k |
| CUV | Clinuvel Pharmaceuticals Limited | 0.43 | -0.03 | -5.56 | 175.1k |
| PNA | Pan Australian Resources Limited | 1.03 | -0.06 | -5.5 | 6.5m |
| BOL | Boom Logistics Limited | 2.65 | -0.15 | -5.36 | 2.4m |
