I'm still wrestling with the permissions system on the subscriber site - it is driving me batty, it's got to the stage where I am removing all permission scripts from the site's subscriber-only content, and rewriting the entire permissioning script set.
The thing about decent site design is that the permissions layer ought to be a module - something that gets include-d in every protected page at compile-time; that is precisely how the subscriber site works. So in the ordinary course of events, the testing procedure is straightforward: build the script, run it in a sandbox page, and feed it a set of credentials that you know exists and see if it finds them in the database. If the username and password combination are found by the script and the page is loaded, move on to testing different permission levels. And so it goes.
Well, all that works - right up to the point when it doesn't.
So again - today is just the generated RantText... and an observation that people who are reasonably well-connected to the neocon death machine are now talking about the US hitting Iran within weeks. Here's hoping they're wrong, but Team Short-Man - the neo-con-'men' - are clearly desperate to embroil the US in Iran before the election in case Obama wins.
The neocons are almost without exception the Pomeranians of humanity... short men are so much like little yappy dogs that it just isn't funny
Major Market Indices
The broad market - the All Ordinaries (XAO) - slid pretty savagely, posting a loss of 101.4 points (2.01%), finishing at 4949.5 points. The index hit an intraday high of 5050.9 at 10:00 am, while the low for the day was 4909.6 - set at 10:16 am Sydney time.
Total volume traded on the ASX was 1.34bn units, 13.3% below its 10-day average. The ASX's daily listing of all stocks included 1342 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 291 issues rose, with volume in rising issues totalling 181m units; decliners numbered 753 counters, and between them they traded aggregate declining volume of 957.3m shares.
Of the 491 All Ordinaries components, 82 rose while 345 fell. Volume was tilted in favour of the losers by a margin of 9.2:1, with 91.61m shares traded in gainers while 841.58m 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) - dipped pretty savagely,rather savagely, losing 102.4 points (2.06%), closing out the session at 4877.1 points.
|All Ordinaries||4949.50||-101.40 (2.0%)|
|ASX 20||2769.60||-56.50 (2.0%)|
|ASX 50||4776.30||-98.80 (2.0%)|
|ASX 100||3954.30||-82.60 (2.0%)|
|ASX 200||4877.10||-102.40 (2.1%)|
|ASX 300||4873.10||-101.60 (2.0%)|
|ASX Mid-Cap 50||4845.80||-106.50 (2.2%)|
|ASX Small Ordinaries||2783.00||-57.10 (2.0%)|
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - registered a loss of 56.5 points (2%), closing out the session at 2769.6 points.
Among the 20 big guns, the news was pretty dismal: not a single stock registered a gain for the session. A total of 145.84m units was traded in the losing index componentsThe 20 stocks which make up the index traded a total of 145.84m units; The lone rising index component had volume amounting to 0m shares, while the 20 decliners had volume traded totalling 145.84m units.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- Macquarie Group Limited (MQG), -$2.09 (4.74%) to $42.00 on volume of 3.4 million shares;
- National Australia Bank Limited (NAB), -$1.07 (4.34%) to $23.60 on volume of 8.7 million shares;
- Australia And New Zealand Banking Group Limited (ANZ), -$0.66 (3.9%) to $16.26 on volume of 11.1 million shares;
- Suncorp-Metway Limited. (SUN), -$0.39 (3.54%) to $10.64 on volume of 4 million shares; and
- AMP Limited (AMP), -$0.23 (3.19%) to $6.99 on volume of 6.8 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 slid in line with its large-cap counterpart. The Small Ords was taken to the woodshed somewhat, sliding 57.1 points (2.01%), closing out the session at 2783 points.
Among the stocks that make up the Small Caps index, 31 index components finished to the upside, and of the rest, 141 closed lower for the session.The 194 stocks which make up the index traded a total of 338.9m units: volume in the 31 gainers totalling 20.07m shares, with trade totalling 273.6m units in the index's 141 declining components. The major percentage gainers within the index were
- Bannerman Resources Limited (BMN), +$0.09 (12.5%) to $0.81 on volume of 981.4 thousand shares;
- Babcock & Brown Power (BBP), +$0.01 (6.9%) to $0.16 on volume of 4.1 million shares;
- Mineral Deposits Limited (MDL), +$0.03 (6.38%) to $0.50 on volume of 122.1 thousand shares;
- Australian Education Trust (AEU), +$0.03 (5.56%) to $0.57 on volume of 207 thousand shares; and
- Alliance Resources Limited (AGS), +$0.05 (5.33%) to $0.89 on volume of 82.1 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Albidon Limited (ALB), -$0.27 (15.88%) to $1.43 on volume of 599.2 thousand shares;
- Rubicon Japan Trust (RJT), -$0.01 (12.77%) to $0.04 on volume of 23.3 million shares;
- Admiralty Resources NL (ADY), -$0.02 (11.54%) to $0.12 on volume of 12 million shares;
- Record Realty (RRT), -$0 (10.71%) to $0.03 on volume of 203.6 thousand shares; and
- Panoramic Resources Limited (PAN), -$0.17 (9.24%) to $1.67 on volume of 4.7 million shares.
|XMD||ASX Mid-Cap 50||4845.8||-106.5||-2.15||240.2m|
|XSO||ASX Small Ordinaries||2783||-57.1||-2.01||338.9m|
GICS Industry Indices
Among the 11 industry indices, the news was universally negative: not a single sector managed to break into the "Win" column.
Since none of the industry sectors registered a gain for the session, there is no point in burdening ourselves with the internal behaviour of advancing sectors... on to the losers.
The worst-performed index for the session was Financials ex Property Trusts (XXJ), which dipped 155.5 points (3.09%) to 4870.8 points. The 30 stocks which make up the index traded a total of 96.93m units; The 28 decliners had volume traded totalling 84.17m units, and volume in the lone rising index component was 12.75m shares, The major percentage decliners within the index were
- Bendigo and Adelaide Bank Limited (BEN), -$0.65 (5.61%) to $10.94 on volume of 977.4 thousand shares;
- IOOF Holdings Limited (IFL), -$0.3 (5.24%) to $5.43 on volume of 117.1 thousand shares;
- Allco Finance Group Limited (AFG), -$0.02 (5.17%) to $0.28 on volume of 1.2 million shares;
- Perpetual Limited (PPT), -$2.31 (4.83%) to $45.51 on volume of 80.2 thousand shares; and
- Macquarie Group Limited (MQG), -$2.09 (4.74%) to $42.00 on volume of 3.4 million shares.
Just missing out on the wooden spoon was Energy (XEJ), which slid 340.4 points (2%) to 16692.1 points. The 17 stocks which make up the index traded a total of 61.65m units; The 16 decliners had volume traded totalling 60.82m units, and volume in the lone rising index component was 0.83m shares, The major percentage decliners within the index were
- Roc Oil Company Limited (ROC), -$0.07 (6.03%) to $1.09 on volume of 1.4 million shares;
- Worleyparsons Limited (WOR), -$2.02 (5.8%) to $32.80 on volume of 2.2 million shares;
- Caltex Australia Limited (CTX), -$0.63 (5.38%) to $11.09 on volume of 1.8 million shares;
- Nexus Energy Limited (NXS), -$0.07 (5.18%) to $1.19 on volume of 5.5 million shares; and
- Centennial Coal Company Limited (CEY), -$0.21 (3.95%) to $5.11 on volume of 4.3 million shares.
Third-to-last amongst the sector indices was Healthcare (XHJ), which slid 179.6 points (1.87%) to 9445.4 points. The 8 stocks which make up the index traded a total of 13.45m units; The 8 decliners had volume traded totalling 13.45m units, and volume in the lone rising index component was 0m shares, The major percentage decliners within the index were
- Sigma Pharmaceuticals Ltd (SIP), -$0.08 (5.61%) to $1.35 on volume of 2.9 million shares;
- Ramsay Health Care Limited (RHC), -$0.6 (5.5%) to $10.30 on volume of 513.1 thousand shares;
- Ansell Limited (ANN), -$0.69 (5.45%) to $11.96 on volume of 606.6 thousand shares;
- Healthscope Limited (HSP), -$0.17 (3.76%) to $4.35 on volume of 2.6 million shares; and
- Cochlear Limited (COH), -$1.14 (2.07%) to $53.97 on volume of 534.7 thousand shares.
|XXJ||Financials ex Property Trusts||4870.8||-155.5||-3.09||97m|
All Ordinaries Major Movers
All Ords Volume Leaders
|OZL||OZ Minerals Limited||1.52||-0.12||-7.34||62.1m|
|TLS||Telstra Corporation Limited.||4.27||-0.07||-1.61||32.4m|
|BLY||Boart Longyear Limited||1.76||0.00||0||24.9m|
|RJT||Rubicon Japan Trust||0.04||-0.01||-12.77||23.3m|
|LGL||Lihir Gold Limited||1.92||-0.08||-4||18.9m|
All Ords Percentage Gainers
|BMN||Bannerman Resources Limited||0.81||0.09||12.5||981.4k|
|PTN||Prime Retirement and Aged Care Property Trust||0.48||0.05||10.34||477.2k|
|TOE||Toro Energy Limited||0.20||0.02||8.33||438.7k|
|PBD||Port Bouvard Limited||0.44||0.03||7.41||110.3k|
|HRR||Heron Resources Limited||0.37||0.03||7.35||19k|
All Ords Percentage Losers
|IRN||Indophil Resources NL||0.77||-0.43||-35.71||16.9m|
|RJT||Rubicon Japan Trust||0.04||-0.01||-12.77||23.3m|
|TRY||Troy Resources NL||1.61||-0.23||-12.3||22.4k|
|CWP||Cedar Woods Properties Limited||2.23||-0.31||-12.2||8.5k|