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Now, seriously... it seems that the ASX really has to do something about the almost ritual Morning Orgasm, if only to help avoid the complete extinction of the entire nuffnuff population. As you can see from the little gobbets of charty genius below, today was yet another day when we needed a sign from above... like this -
Honestly,
Major Market Indices
The broad market - the All Ordinaries (XAO) - dipped reasonably hard, registering a loss of 89.2 points (1.55%), finishing at 5665.3 points. If you were a nuffie, you were probably feeling on top of the world at 10:29 a.m. when the index was up 115 points... Happy Days, Sunshine, Lollipops and rainbows and so forth. That's when the index hit its intraday high of 5869.9; it then proceeded to gut longs, sliding almost exactly 200 points (8 Pickens) to close at its low for the day.
Total volume traded on the ASX was 1.45 billion units, 5% below its 10-day average. The ASX's daily listing of all stocks included 1404 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 441 issues rose, with volume in rising issues totalling 522.9 million units. Conversely (or even contrariwise), 702 stocks were garlanded in red (and not in a Chinese Good Luck way, neither), with aggregate volume traded of 777.5 million shares.
Of the 478 All Ordinaries components that traded, 140 rose and 277 fell. Hard to imagine that there are components in the top 500 that don't trade on any given day, but that's apparently what happens. Volume was tilted in favour of the losers by a margin of 2.4:1, with 240.48 million shares traded in gainers while 569.75 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 97.8 points (1.71%), closing out the session at 5618.7 points.
Click on the table below to view intraday charts for the ASX 'size' indices... you know you want to.
| Name | Close | +/-(%) |
|---|---|---|
| All Ordinaries | 5665.30 | -89.20 (1.6%) |
| ASX 50 | 5462.50 | -96.20 (1.7%) |
| ASX 200 | 5618.70 | -97.80 (1.7%) |
| ASX 300 | 5625.20 | -96.80 (1.7%) |
| ASX Mid-Cap 50 | 5819.40 | -98.00 (1.7%) |
| ASX Small Ordinaries | 3287.90 | -49.10 (1.5%) |
| ASX 20 | 3097.30 | -64.00 (2.0%) |
| ASX 100 | 4554.60 | -79.60 (1.7%) |
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - was taken to the woodshed somewhat, sliding 64 points (2.02%), closing out the session at 3097.3 points.
Among the 20 big guns, 4 index components finished to the upside, and of the rest, 17 closed lower for the session. The 21 stocks which make up the index traded a total of 198.12 million units; 4 index components rose, with rising volume amounting to 32.84 million shares, while the 17 decliners had volume traded totalling 165.28 million units. The major percentage gainers within the index were
- BHP Billiton Limited (BHP), +$0.40 (1.12%) to $36.10 on volume of 13.8 million shares;
- Brambles Limited (BXB), +$0.09 (0.88%) to $10.29 on volume of 6.4 million shares;
- Westfield Group (WDC), +$0.16 (0.88%) to $18.42 on volume of 11.1 million shares; and
- Rio Tinto Limited (RIO), +$0.56 (0.49%) to $114.13 on volume of 1.6 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- St George Bank Limited (SGB), -$1.53 (5.1%) to $28.45 on volume of 1.8 million shares;
- Wesfarmers Limited (WES), -$1.79 (4.89%) to $34.84 on volume of 3.4 million shares;
- Telstra (Installment Receipts) (TLSCA), -$0.14 (4.81%) to $2.77 on volume of 36.3 million shares;
- Commonwealth Bank Of Australia (CBA), -$2.41 (4.66%) to $49.30 on volume of 6.7 million shares; and
- National Australia Bank Limited (NAB), -$1.50 (4.23%) to $33.93 on volume of 5 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, while still dropping overall, did significantly better than its large-cap counterpart. The Small Ords registered a loss of 49.1 points (1.47%), closing out the session at 3287.9 points.
Among the stocks that make up the Small Caps index, 54 index components finished to the upside, and of the rest, 122 closed lower for the session.
The 192 stocks which make up the index traded a total of 268.65 million units: volume in the 54 gainers totalling 54.38 million shares, with trade totalling 183.25 million units in the index's 122 declining components. The major percentage gainers within the index were- Sylvania Resources Limited (SLV), +$0.14 (5.36%) to $2.75 on volume of 236.3 thousand shares;
- Aquarius Platinum Limited (AQP), +$0.65 (5.32%) to $12.86 on volume of 182.6 thousand shares;
- Redflex Holdings Limited (RDF), +$0.14 (4.9%) to $3.00 on volume of 19.3 thousand shares;
- Galileo Japan Trust (GJT), +$0.03 (4.51%) to $0.70 on volume of 698.1 thousand shares; and
- OceanaGold Corporation (OGC), +$0.11 (4.37%) to $2.63 on volume of 206.6 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Emeco Holdings Ltd (EHL), -$0.23 (24.47%) to $0.71 on volume of 28.6 million shares;
- Alliance Resources Limited (AGS), -$0.13 (11.3%) to $1.02 on volume of 492.3 thousand shares;
- Sundance Resources Limited (SDL), -$0.03 (9.09%) to $0.25 on volume of 13.7 million shares;
- Tower Australia Group Limited (TAL), -$0.22 (8.56%) to $2.35 on volume of 802.4 thousand shares; and
- Roc Oil Company Limited (ROC), -$0.19 (8.48%) to $2.05 on volume of 3.8 million shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 5665.3 | -89.2 | -1.55 | 1222.4m |
| XFL | ASX 50 | 5462.5 | -96.2 | -1.73 | 523.1m |
| XJO | ASX 200 | 5618.7 | -97.8 | -1.71 | 1047.3m |
| XKO | ASX 300 | 5625.2 | -96.8 | -1.69 | 1146.6m |
| XMD | ASX Mid-Cap 50 | 5819.4 | -98 | -1.66 | 256.5m |
| XSO | ASX Small Ordinaries | 3287.9 | -49.1 | -1.47 | 367m |
| XTL | ASX 20 | 3097.3 | -64 | -2.02 | 348.6m |
| XTO | ASX 100 | 4554.6 | -79.6 | -1.72 | 779.6m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 4 | 27 | 27 | 140 | 54 | 441 |
| Declines | 17 | 72 | 73 | 276 | 122 | 702 |
| Advancing Volume | 32.8m | 165.5m | 165.5m | 240.5m | 54.4m | 522.9 million |
| Declining Volume | 165.3m | 366.6m | 368.3m | 566.6m | 183.3m | 777.5 million |
GICS Industry Indices
Among the 11 industry indices, today's market action was dominated by sectoral declines - only one sector managed a gain for the day.
The best performing index was Materials (XMJ), which added 96.1 points (0.71%) to 13691.6 points. The 42 stocks which make up the index traded a total of 128.82 million units; 20 index components rose, with rising volume amounting to 87.21 million shares, while the 19 decliners had volume traded totalling 33.23 million units. The major percentage gainers within the index were
- Alumina Limited (AWC), +$0.30 (5.67%) to $5.59 on volume of 10.3 million shares;
- Aquarius Platinum Limited (AQP), +$0.65 (5.32%) to $12.86 on volume of 182.6 thousand shares;
- Perilya Limited (PEM), +$0.06 (3.87%) to $1.61 on volume of 2.1 million shares;
- Onesteel Limited (OST), +$0.24 (3.76%) to $6.62 on volume of 7.4 million shares; and
- Newcrest Mining Limited (NCM), +$1.06 (3.14%) to $34.81 on volume of 2.5 million shares.
The worst-performed index for the session was Consumer Staples (XSJ), which dipped 281 points (3.45%) to 7865.3 points. The 10 stocks which make up the index traded a total of 34.12 million units; The 6 decliners had volume traded totalling 20.4 million units, and 3 index components rose, with rising volume amounting to 13.32 million shares, The major percentage decliners within the index were
- Wesfarmers Limited (WES), -$1.79 (4.89%) to $34.84 on volume of 3.4 million shares;
- AWB Limited (AWB), -$0.1 (4.26%) to $2.25 on volume of 1.7 million shares;
- Woolworths Limited (WOW), -$1.3 (4.22%) to $29.50 on volume of 7.7 million shares;
- Futuris Corporation Limited (FCL), -$0.07 (3.03%) to $2.24 on volume of 1.3 million shares; and
- Foster's Group Limited (FGL), -$0.12 (2.06%) to $5.71 on volume of 4.2 million shares.
Just missing out on the wooden spoon was ASX200 Financials ex Property Trusts (XXJ), which slid 204.5 points (3.17%) to 6250.3 points. The 28 stocks which make up the index traded a total of 80.08 million units; The 23 decliners had volume traded totalling 72.35 million units, and 5 index components rose, with rising volume amounting to 7.73 million shares, The major percentage decliners within the index were
- Allco Finance Group Limited (AFG), -$0.38 (10.5%) to $3.24 on volume of 4.6 million shares;
- Tower Australia Group Limited (TAL), -$0.22 (8.56%) to $2.35 on volume of 802.4 thousand shares;
- FKP Property Group (FKP), -$0.34 (6.87%) to $4.61 on volume of 764.8 thousand shares;
- Australian Wealth Mgt (AUW), -$0.12 (6.19%) to $1.82 on volume of 1.2 million shares; and
- St George Bank Limited (SGB), -$1.53 (5.1%) to $28.45 on volume of 1.8 million shares.
Third-to-last amongst the sector indices was Telecommunications (XTJ), which slid 47.2 points (2.99%) to 1529 points. The 4 stocks which make up the index traded a total of 107.12 million units; The 4 decliners had volume traded totalling 107.12 million units, and volume in the lone rising index component was 0 million shares, The major percentage decliners within the index were
- Telstra (Installment Receipts) (TLSCA), -$0.14 (4.81%) to $2.77 on volume of 36.3 million shares;
- Telstra Corporation Limited. (TLS), -$0.13 (2.91%) to $4.34 on volume of 63.2 million shares;
- Singapore Telecommunications Limited. (SGT), -$0.05 (1.71%) to $2.88 on volume of 5.8 million shares; and
- Telecom Corporation Of New Zealand Limited (TEL), -$0.04 (1.13%) to $3.50 on volume of 1.7 million shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XMJ | Materials | 13691.6 | 96.1 | 0.71 | 129m |
| XHJ | Healthcare | 9323.4 | -41.1 | -0.44 | 9m |
| XNJ | Industrials | 5767.5 | -60.4 | -1.04 | 95m |
| XEJ | Energy | 13511.3 | -193.7 | -1.41 | 59m |
| XDJ | Consumer Discretionary | 2374.3 | -40.2 | -1.66 | 32m |
| XPJ | Property Trusts | 1800.8 | -34.7 | -1.89 | 158m |
| XIJ | Information Technology | 463.9 | -9.1 | -1.92 | 3m |
| XUJ | Utilities | 5873.5 | -135.9 | -2.26 | 27m |
| XTJ | Telecommunications | 1529 | -47.2 | -2.99 | 107m |
| XXJ | ASX200 Financials ex Property Trusts | 6250.3 | -204.5 | -3.17 | 80m |
| XSJ | Consumer Staples | 7865.3 | -281 | -3.45 | 34m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| TLS | Telstra Corporation Limited. | 4.34 | -0.13 | -2.91 | 63.2m |
| TLSCA | Telstra (Installment Receipts) | 2.77 | -0.14 | -4.81 | 36.3m |
| CNP | Centro Properties Group | 0.66 | 0.01 | 0.77 | 32.8m |
| EHL | Emeco Holdings Ltd | 0.71 | -0.23 | -24.47 | 28.6m |
| OXR | Oxiana Limited | 2.99 | 0.05 | 1.7 | 15.6m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| EQT | Equity Trustees Limited | 30.00 | 4.04 | 15.56 | 12.6k |
| MMN | Macmin Silver Ltd | 0.20 | 0.02 | 8.11 | 539k |
| CAA | Capral Aluminium Limited | 0.37 | 0.02 | 5.71 | 71.5k |
| AWC | Alumina Limited | 5.59 | 0.30 | 5.67 | 10.3m |
| SLV | Sylvania Resources Limited | 2.75 | 0.14 | 5.36 | 236.3k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| EHL | Emeco Holdings Ltd | 0.71 | -0.23 | -24.47 | 28.6m |
| AXQ | Allco Max Securities And Mortgage Trust | 0.27 | -0.06 | -18.46 | 975.7k |
| AGS | Alliance Resources Limited | 1.02 | -0.13 | -11.3 | 492.3k |
| BGD | Boulder Steel Limited | 0.21 | -0.03 | -10.64 | 38k |
| AFG | Allco Finance Group Limited | 3.24 | -0.38 | -10.5 | 4.6m |
