Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Today's OzRant will be mercifully brief - I've been up all night ironing out the wrinkles in the new subscriber-only site (think of it as "what investorweb would look like today if GT's development plan had been implemented in 2002").
Sadly, Hathor and Horus failed to watch over me during the night, and Loki jumped across from another pantheon entirely, and stuck bits of wood in the gears of my sexy new gizmos... making them run slowly. I've sorted it out for hate most part, but now I'm at the stag where all the coffee and showers in the world are not going to raise my productivity.
Still, to get an idea of the presentation layer, have a look at the link below (note: that is just a template - the links from it will not work)...
All Singing, All Dancing Template
You might also feel like looking at the new version of the Contango chart (for futures); I've sticky taped a version for AD (Strayan dollar) futures into a special hole so that you can compare new to old.
New Contango Chart... MUCH better.
And finally, check out the new charts; I've still got some work to do to speed them up, but they are pretty darn sexy...There is a load of other stuff contained in the subscription side of things - a pretty amazing graphical workbench for Equities valuation (and another one for Options, and another one for Futures); the most detailed Market Breadth that you can get for Australia, and more Fundamental Analysis than you can poke a stick at. But as with anything, actually getting the silly thing finished to a deadline has been a nightmare. So let's get this OzRant out of the way so I can grab a couple of hours' kip.
Major Market Indices
The broad market - the All Ordinaries (XAO) - advanced modestly, rising 55.3 points (0.98%), finishing at 5699.8 points. The index hit an intraday high of 5718 at 11:56 am (marginally above the index level at 10:20), while the low for the day was 5653.5 - a vestige of the opening calculation. The traded low (when all index components were open) was just above that, but was at 2:30 in the afternoon.
Total volume traded on the ASX was 1.3 billion units,well below its 10-day average. The ASX's daily listing of all stocks included 1358 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 507 issues rose, with volume in rising issues totalling 581.1 million units. Conversely (or even contrariwise), 554 stocks were dragged below the Plimsoll line, with aggregate volume traded of 591.8 million shares.
Of the 475 All Ordinaries components, 205 rose while 200 fell. Volume was tilted in favour of the gainers by a margin of 1.6:1, with 386.76 million shares traded in gainers while 246.85 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) - managed a solid gain, adding 61.7 points (1.11%), closing out the session at 5621.6 points.
| Name | Close | +/-(%) |
|---|---|---|
| All Ordinaries | 5699.80 | 55.30 (1.0%) |
| ASX 50 | 5430.60 | 69.20 (1.3%) |
| ASX 200 | 5621.60 | 61.70 (1.1%) |
| ASX 300 | 5627.90 | 60.50 (1.1%) |
| ASX Mid-Cap 50 | 5910.30 | 32.30 (0.5%) |
| ASX Small Ordinaries | 3371.20 | 12.70 (0.4%) |
| ASX 20 | 3082.10 | 47.00 (1.5%) |
| ASX 100 | 4543.10 | 52.70 (1.2%) |
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - performed solidly, in moving up 47 points (1.55%), closing out the session at 3082.1 points.
Among the 20 big guns, 18 index components finished to the upside, and of the rest, 3 closed lower for the session. The 21 stocks which make up the index traded a total of 141.22 million units; rising volume totalled to 112.99 million shares, while the 3 decliners had volume traded totalling 28.23 million units. The major percentage gainers within the index were
- Westpac Banking Corporation (WBC), +$1.00 (4.45%) to $23.47 on volume of 8.5 million shares;
- Commonwealth Bank Of Australia (CBA), +$1.86 (4.37%) to $44.45 on volume of 5.4 million shares;
- Woolworths Limited (WOW), +$1.21 (4.35%) to $29.02 on volume of 3.6 million shares;
- St George Bank Limited (SGB), +$0.93 (3.75%) to $25.73 on volume of 3.8 million shares; and
- QBE Insurance Group Limited (QBE), +$0.82 (2.96%) to $28.52 on volume of 2.1 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the decliners:
- BHP Billiton Limited (BHP), -$0.72 (1.81%) to $39.01 on volume of 12.7 million shares;
- Stockland (SGP), -$0.13 (1.8%) to $7.08 on volume of 4.5 million shares; and
- Foster's Group Limited (FGL), -$0.08 (1.44%) to $5.46 on volume of 11.1 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 significantly underperformed its large-cap counterpart. The Small Ords advanced by under half a percent, adding 12.7 points (0.38%), closing out the session at 3371.2 points.
Among the stocks that make up the Small Caps index, 88 index components finished to the upside, and of the rest, 85 closed lower for the session.
The 190 stocks which make up the index traded a total of 226.1 million units: volume in the 88 gainers totalling 123.24 million shares, with trade totalling 74.07 million units in the index's 85 declining components. The major percentage gainers within the index were- Transfield Services Limited (TSE), +$2.20 (23.16%) to $11.70 on volume of 922.3 thousand shares;
- Riversdale Mining Limited (RIV), +$0.85 (12.14%) to $7.85 on volume of 1.2 million shares;
- Gindalbie Metals Ltd (GBG), +$0.09 (10.63%) to $0.89 on volume of 8.4 million shares;
- Silex Systems Limited (SLX), +$0.65 (10.57%) to $6.80 on volume of 318.4 thousand shares; and
- GRD Limited (GRD), +$0.16 (10.26%) to $1.67 on volume of 142.6 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Funtastic Limited (FUN), -$0.05 (9.28%) to $0.44 on volume of 733.2 thousand shares;
- Commander Communications Limited (CDR), -$0.02 (8.82%) to $0.16 on volume of 451.5 thousand shares;
- City Pacific Limited (CIY), -$0.23 (8.21%) to $2.57 on volume of 983.4 thousand shares;
- Babcock & Brown Power (BBP), -$0.15 (7.43%) to $1.87 on volume of 4 million shares; and
- Pacific Brands Limited (PBG), -$0.17 (6.85%) to $2.31 on volume of 2.4 million shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 5699.8 | 55.3 | 0.98 | 707.7m |
| XFL | ASX 50 | 5430.6 | 69.2 | 1.29 | 246.7m |
| XJO | ASX 200 | 5621.6 | 61.7 | 1.11 | 582.8m |
| XKO | ASX 300 | 5627.9 | 60.5 | 1.09 | 667.1m |
| XMD | ASX Mid-Cap 50 | 5910.3 | 32.3 | 0.55 | 194.2m |
| XSO | ASX Small Ordinaries | 3371.2 | 12.7 | 0.38 | 226.1m |
| XTL | ASX 20 | 3082.1 | 47 | 1.55 | 141.2m |
| XTO | ASX 100 | 4543.1 | 52.7 | 1.17 | 440.9m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 18 | 59 | 109 | 204 | 88 | 507 |
| Declines | 3 | 35 | 74 | 200 | 85 | 554 |
| Advancing Volume | 113m | 249.3m | 317.2m | 386.7m | 123.2m | 581.1 million |
| Declining Volume | 28.2m | 156.8m | 206.7m | 246.9m | 74.1m | 591.8 million |
GICS Industry Indices
Among the 11 industry indices, 8 registered an advance for the session, the remaining 3 lost ground.
The best performing index was ASX200 Financials ex Property Trusts (XXJ), which added 145 points (2.63%) to 5666.8 points. The 28 stocks which make up the index traded a total of 102.52 million units; 18 index components rose, with rising volume amounting to 55.98 million shares, while the 8 decliners had volume traded totalling 42.67 million units. The major percentage gainers within the index were
- Westpac Banking Corporation (WBC), +$1.00 (4.45%) to $23.47 on volume of 8.5 million shares;
- Commonwealth Bank Of Australia (CBA), +$1.86 (4.37%) to $44.45 on volume of 5.4 million shares;
- St George Bank Limited (SGB), +$0.93 (3.75%) to $25.73 on volume of 3.8 million shares;
- Lend Lease Corporation Limited (LLC), +$0.48 (3.43%) to $14.48 on volume of 940.2 thousand shares; and
- QBE Insurance Group Limited (QBE), +$0.82 (2.96%) to $28.52 on volume of 2.1 million shares.
Second in the index leadership stakes was Consumer Staples (XSJ), which gained 204.4 points (2.61%) to 8022 points. The 10 stocks which make up the index traded a total of 33.8 million units; 5 index components rose, with rising volume amounting to 11.04 million shares, while the 3 decliners had volume traded totalling 20.4 million units. The major percentage gainers within the index were
- Woolworths Limited (WOW), +$1.21 (4.35%) to $29.02 on volume of 3.6 million shares;
- Futuris Corporation Limited (FCL), +$0.08 (4.26%) to $1.96 on volume of 2.2 million shares;
- Wesfarmers Limited (WES), +$1.12 (2.95%) to $39.03 on volume of 2.5 million shares;
- ABB Grain Limited (ABB), +$0.15 (1.89%) to $8.09 on volume of 305.3 thousand shares; and
- Coca-Cola Amatil Limited (CCL), +$0.05 (0.52%) to $9.64 on volume of 2.4 million shares.
The bronze medal for today goes to Healthcare (XHJ), which climbed 193.6 points (2.17%) to 9104.5 points. The 9 stocks which make up the index traded a total of 7.9 million units; 8 index components rose, with rising volume amounting to 7.36 million shares, while sole declining stock traded 0 million units. The major percentage gainers within the index were
- CSL Limited (CSL), +$1.04 (2.93%) to $36.55 on volume of 1.5 million shares;
- Cochlear Limited (COH), +$1.52 (2.81%) to $55.57 on volume of 271.1 thousand shares;
- Ramsay Health Care Limited (RHC), +$0.25 (2.4%) to $10.65 on volume of 813.1 thousand shares;
- Sonic Healthcare Limited (SHL), +$0.13 (0.88%) to $14.88 on volume of 670.8 thousand shares; and
- Healthscope Limited (HSP), +$0.03 (0.59%) to $5.13 on volume of 428.3 thousand shares.
The worst-performed index for the session was Utilities (XUJ), which dipped 79.1 points (1.36%) to 5746.8 points. The 11 stocks which make up the index traded a total of 23.4 million units; The 8 decliners had volume traded totalling 20.4 million units, and 2 index components rose, with rising volume amounting to 2.09 million shares, The major percentage decliners within the index were
- Babcock & Brown Power (BBP), -$0.15 (7.43%) to $1.87 on volume of 4 million shares;
- Babcock & Brown Wind Partners Group (BBW), -$0.07 (5.04%) to $1.32 on volume of 5 million shares;
- Babcock & Brown Infrastructure Group (BBI), -$0.04 (2.7%) to $1.26 on volume of 8.2 million shares;
- Hastings Diversified Utilities Fund (HDF), -$0.05 (1.91%) to $2.57 on volume of 485.6 thousand shares; and
- Duet Group (DUE), -$0.05 (1.61%) to $3.06 on volume of 610.5 thousand shares.
Just missing out on the wooden spoon was Property Trusts (XPJ), which slid 16.9 points (0.98%) to 1709.5 points. The 21 stocks which make up the index traded a total of 82.91 million units; The 10 decliners had volume traded totalling 33.1 million units, and 8 index components rose, with rising volume amounting to 29.15 million shares, The major percentage decliners within the index were
- Valad Property Group (VPG), -$0.04 (4.3%) to $0.89 on volume of 3.6 million shares;
- ING Office Fund (IOF), -$0.03 (1.95%) to $1.26 on volume of 1.3 million shares;
- Goodman Group (GMG), -$0.08 (1.86%) to $4.22 on volume of 3.1 million shares;
- Babcock&Brown Japan Property Trust (BJT), -$0.03 (1.85%) to $1.33 on volume of 1 million shares; and
- Stockland (SGP), -$0.13 (1.8%) to $7.08 on volume of 4.5 million shares.
Third-to-last amongst the sector indices was Materials (XMJ), which slid 48.4 points (0.32%) to 15115.1 points. The 42 stocks which make up the index traded a total of 132.94 million units; The 17 decliners had volume traded totalling 44.51 million units, and 24 index components rose, with rising volume amounting to 80.72 million shares, The major percentage decliners within the index were
- Aquarius Platinum Limited (AQP), -$1.12 (6.19%) to $16.97 on volume of 286.8 thousand shares;
- Compass Resources NL (CMR), -$0.09 (4.47%) to $1.82 on volume of 329.2 thousand shares;
- Lynas Corporation Limited (LYC), -$0.05 (4%) to $1.20 on volume of 813.4 thousand shares;
- Iluka Resources Limited (ILU), -$0.13 (3.49%) to $3.59 on volume of 1.6 million shares; and
- Alumina Limited (AWC), -$0.18 (2.88%) to $6.08 on volume of 8.2 million shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XXJ | ASX200 Financials ex Property Trusts | 5666.8 | 145 | 2.63 | 103m |
| XSJ | Consumer Staples | 8022 | 204.4 | 2.61 | 34m |
| XHJ | Healthcare | 9104.5 | 193.6 | 2.17 | 8m |
| XTJ | Telecommunications | 1702.2 | 30.1 | 1.8 | 53m |
| XNJ | Industrials | 5658.4 | 86.7 | 1.56 | 60m |
| XIJ | Information Technology | 514.7 | 4.7 | 0.92 | 5m |
| XDJ | Consumer Discretionary | 2353.8 | 14.1 | 0.6 | 35m |
| XEJ | Energy | 14889.1 | 68.7 | 0.46 | 46m |
| XMJ | Materials | 15115.1 | -48.4 | -0.32 | 133m |
| XPJ | Property Trusts | 1709.5 | -16.9 | -0.98 | 83m |
| XUJ | Utilities | 5746.8 | -79.1 | -1.36 | 23m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| AFG | Allco Finance Group Limited | 1.15 | -1.91 | -62.46 | 32.8m |
| TLS | Telstra Corporation Limited. | 4.82 | 0.08 | 1.69 | 31.2m |
| AGM | Allegiance Mining NL | 1.11 | 0.04 | 3.27 | 19.7m |
| TLSCA | Telstra (Installment Receipts) | 3.25 | 0.07 | 2.2 | 18m |
| OXR | Oxiana Limited | 3.83 | 0.03 | 0.79 | 15.9m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| NFL | Natural Fuel Limited | 0.26 | 0.11 | 67.74 | 3m |
| TSE | Transfield Services Limited | 11.70 | 2.20 | 23.16 | 922.3k |
| BOC | Bougainville Copper Limited | 0.94 | 0.12 | 14.63 | 26.4k |
| RIV | Riversdale Mining Limited | 7.85 | 0.85 | 12.14 | 1.2m |
| WVL | Windimurra Vanadium Limited | 2.05 | 0.20 | 10.81 | 118.1k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| AFG | Allco Finance Group Limited | 1.15 | -1.91 | -62.46 | 32.8m |
| MFI | Mariner Financial Limited | 0.19 | -0.03 | -11.9 | 911.9k |
| CPR | Clive Peeters Limited | 1.13 | -0.15 | -11.42 | 525.9k |
| MBP | Metabolic Pharmaceuticals Limited | 0.04 | 0.00 | -10.26 | 298k |
| PFG | Prime Financial Group Limited | 0.57 | -0.06 | -9.52 | 10k |
