Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
The propaganda matrix is in full voice since the election of mild-mannered academic Mahmoud Ahmedinijad to another term as almost-powerless president of Iran (the theocracy wields all actual political power in Iran).
The CIA's dirty-tricks drawer is still useful in the vat of viscous slop that makes up the mainswamp media - where (according to the latest Ice Age movie) dinosaurs post-date mammals... and where Netan-Yahoo's speech to a bunch of zionist tax-parasites was 'statesman-like' simply because it didn't advocate out and out genocide of the people from whom the Ashke-Nazi stole Palestine.
So our vidscreens are full of Yank-produced glop pretending that there is a question mark over the Iranian election (oh the irony - the US running gloop about dodgy elections is like the New York Times lecturing bloggers about reliability). How double-plus-ungood those Eurasians are - I double-plus unbellyfeel all mujaheddin (or are they the good guys again?... I forget).
The new Rant/Mentat HQ - at the Antarctic end of Collins-Strasse - is not bad, although this new keyboard is giving me the shits.
Oh, and in case you were wondering... yes, I am rather pleased with myself for having thrown down short late last week. The Nikkei leg was underwater when last we met - it's almost 300 points to the good now.
Major Market Indices
The broad market - the All Ordinaries (XAO) - dipped reasonably hard, registering a loss of 72.5 points (1.8%), finishing at 3957.9 points. The index hit an intraday high of 4030.4 at 10:00 am, while the low for the day was 3950.3 - set at 1:57 pm Sydney time.
Total volume traded on the ASX was 2.17bn units, 1.7% above its 10-day average of 2.14bn shares.The ASX's daily listing of all stocks included 1385 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 307 issues rose, with volume in rising issues totalling 309.4m units; there were 767 declining stocks, which traded aggregate declining volume of 1.58bn shares.
Of the 498 All Ordinaries components, 90 rose while 331 fell. Volume was tilted in favour of the losers by a margin of 6.6:1, with 175.59m shares traded in gainers while 1.15bn shares traded in the day's losers.
The Index that forms the cash basis for the SPI Futures - the S&P/ASX 200 (XJO) - registered a loss of 63.6 points (1.58%), closing out the session at 3968.1 points.
| Name | Close | +/-(%) |
|---|---|---|
| All Ordinaries | 3957.90 | -72.50 (1.8%) |
| ASX 20 | 2398.40 | -32.70 (1.3%) |
| ASX 50 | 3980.70 | -63.90 (1.6%) |
| ASX 100 | 3245.00 | -52.00 (1.6%) |
| ASX 200 | 3968.10 | -63.60 (1.6%) |
| ASX 300 | 3963.10 | -64.50 (1.6%) |
| ASX Mid-Cap 50 | 3559.90 | -54.50 (1.5%) |
| ASX Small Ordinaries | 2113.60 | -74.10 (3.4%) |
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - registered a loss of 32.7 points (1.35%), closing out the session at 2398.4 points.
Among the 20 big guns, 3 index components finished to the upside, and 18 lost ground. The stocks which make up the index traded a total of 172.48m units; 3 index components rose, with rising volume amounting to 55.34m shares, while the 18 decliners had volume traded totalling 117.14m units. The major percentage gainers within the index were
- Telstra Corp Ltd (TLS), +$0.03 (0.9%) to $3.38 on volume of 50.2 million shares;
- Woolworths Ltd (WOW), +$0.04 (0.15%) to $26.16 on volume of 2.6 million shares; and
- Newcrest Mining Ltd (NCM), +$0.04 (0.13%) to $31.60 on volume of 2.5 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- Stockland (SGP), -$0.16 (4.73%) to $3.22 on volume of 15.1 million shares;
- Suncorp-Metway Ltd (SUN), -$0.31 (4.67%) to $6.33 on volume of 3.3 million shares;
- Macquarie Group Ltd (MQG), -$1.47 (3.76%) to $37.60 on volume of 2 million shares;
- Westfield Group (WDC), -$0.4 (3.41%) to $11.33 on volume of 8.3 million shares; and
- Woodside Petroleum Ltd (WPL), -$1.35 (3.2%) to $40.85 on volume of 2.7 million shares.
The ASX Small Ordinaries (XSO) The small end of the market had significantly worse day than its large-cap counterpart. The Small Ords copped a bit of a hiding, sliding 74.1 points (3.39%), closing out the session at 2113.6 points.
Among the stocks that make up the Small Caps index, 31 index components finished to the upside, and of the rest, 167 closed lower for the session.
The 214 stocks which make up the index traded a total of 527.93m units: volume in the 31 gainers totalling 27.29m shares, with trade totalling 474.45m units in the index's 167 declining components. The major percentage gainers within the index were- SMS Management & Technology Ltd (SMX), +$0.26 (8.64%) to $3.27 on volume of 813.4 thousand shares;
- Wattyl Ltd (WYL), +$0.04 (7.45%) to $0.51 on volume of 392.3 thousand shares;
- Singapore Telecommunications. (SGT), +$0.10 (4.05%) to $2.57 on volume of 3.3 million shares;
- Babcock & Brown Power (BBP), +$0.00 (3.09%) to $0.10 on volume of 4.1 million shares; and
- Aspen Group (APZ), +$0.01 (3.03%) to $0.34 on volume of 633.3 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Aditya Birla Minerals (ABY), -$0.12 (15.13%) to $0.65 on volume of 2.9 million shares;
- Energy World Corporation Ltd (EWC), -$0.09 (13.18%) to $0.56 on volume of 6.7 million shares;
- Nexus Energy (NXS), -$0.06 (12.22%) to $0.40 on volume of 16.1 million shares;
- Macarthur Coal Ltd (MCC), -$0.93 (12.16%) to $6.72 on volume of 2.1 million shares; and
- Minara Resources Ltd (MRE), -$0.1 (10.87%) to $0.82 on volume of 4.1 million shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 3957.9 | -72.5 | -1.8 | 1448m |
| XFL | ASX 50 | 3980.7 | -63.9 | -1.58 | 497.7m |
| XJO | ASX 200 | 3968.1 | -63.6 | -1.58 | 1243.5m |
| XKO | ASX 300 | 3963.1 | -64.5 | -1.6 | 1400.9m |
| XMD | ASX Mid-Cap 50 | 3559.9 | -54.5 | -1.51 | 408.4m |
| XSO | ASX Small Ordinaries | 2113.6 | -74.1 | -3.39 | 494.7m |
| XTL | ASX 20 | 2398.4 | -32.7 | -1.35 | 157.4m |
| XTO | ASX 100 | 3245 | -52 | -1.58 | 906.1m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 3 | 20 | 34 | 90 | 31 | 307 |
| Declines | 18 | 81 | 165 | 331 | 167 | 767 |
| Advancing Volume | 55.3m | 146.9m | 161m | 175.6m | 27.3m | 309.4m |
| Declining Volume | 117.1m | 751.9m | 1.03b | 1.15b | 474.4m | 1.58bn |
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 Telecommunications (XTJ), which added 16.4 points (1.42%) to 1168.4 points. This index only contains 3 stocks; they traded a total of 55.43m units today. 2 index components rose, with rising volume amounting to 53.49m shares, while the sole declining stock traded 1.94m units. The major percentage gainers within the index were
- Singapore Telecommunications Ltd (SGT), +$0.10 (4.05%) to $2.57 on volume of 3.3 million shares; and
- Telstra Corp Ltd (TLS), +$0.03 (0.9%) to $3.38 on volume of 50.2 million shares.
Second in the index leadership stakes was Information Technology (XIJ), which gained 4.7 points (0.93%) to 512.1 points. This index only contains 2 stocks; they traded a total of 2.06m units today. The lone rising index component had volume amounting to 1.34m shares, none of the stocks in the index lost ground. The major percentage gainers within the index were
- Computershare Ltd (CPU), +$0.08 (0.92%) to $8.78 on volume of 1.3 million shares.
The worst-performed index for the session was Energy (XEJ), which dipped 489.6 points (3.27%) to 14461.2 points. The 22 stocks which make up the index traded a total of 84.23m units; The 20 decliners had volume traded totalling 83.06m units, and 2 index components rose, with rising volume amounting to 1.17m shares, The major percentage decliners within the index were
- Nexus Energy (NXS), -$0.06 (12.22%) to $0.40 on volume of 16.1 million shares;
- Centennial Coal Co Ltd (CEY), -$0.26 (8.78%) to $2.70 on volume of 4.5 million shares;
- Aquila Resources (AQA), -$0.45 (7.85%) to $5.28 on volume of 504 thousand shares;
- Felix Resources (FLX), -$1.08 (7.73%) to $12.89 on volume of 488.8 thousand shares; and
- Paladin Energy Ltd (PDN), -$0.35 (6.73%) to $4.85 on volume of 4.6 million shares.
Just missing out on the wooden spoon was Property Trusts (XPJ), which slid 21.8 points (2.79%) to 759.8 points. The 21 stocks which make up the index traded a total of 416.66m units; The 16 decliners had volume traded totalling 311.07m units, and 4 index components rose, with rising volume amounting to 46.08m shares, The major percentage decliners within the index were
- Goodman Group (GMG), -$0.08 (15.31%) to $0.42 on volume of 104.1 million shares;
- Centro Properties Group (CNP), -$0.01 (8.7%) to $0.11 on volume of 5.6 million shares;
- Centro Retail (CER), -$0.01 (7.14%) to $0.13 on volume of 16.5 million shares;
- Apn/Uka European Retail Property Group (AEZ), -$0 (6.45%) to $0.06 on volume of 1.1 million shares; and
- Tishman Speyer Office Fund (TSO), -$0.02 (6.35%) to $0.30 on volume of 2.6 million shares.
Third-to-last amongst the sector indices was Materials (XMJ), which slid 252.1 points (2.33%) to 10578.1 points. The 46 stocks which make up the index traded a total of 312.79m units; The 43 decliners had volume traded totalling 306.28m units, and 3 index components rose, with rising volume amounting to 6.51m shares, The major percentage decliners within the index were
- Macarthur Coal Ltd (MCC), -$0.93 (12.16%) to $6.72 on volume of 2.1 million shares;
- Nufarm (NUF), -$1.47 (12.15%) to $10.63 on volume of 7.8 million shares;
- Minara Resources Ltd (MRE), -$0.1 (10.87%) to $0.82 on volume of 4.1 million shares;
- Murchison Metals Ltd (MMX), -$0.22 (10.8%) to $1.78 on volume of 2.2 million shares; and
- OZ Minerals (OZL), -$0.09 (9%) to $0.91 on volume of 34.7 million shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XTJ | Telecommunications | 1168.4 | 16.4 | 1.42 | 55m |
| XIJ | Information Technology | 512.1 | 4.7 | 0.93 | 2m |
| XHJ | Healthcare | 7815 | -31 | -0.4 | 14m |
| XSJ | Consumer Staples | 6585.5 | -40 | -0.6 | 34m |
| XUJ | Utilities | 4091.8 | -37.4 | -0.91 | 53m |
| XDJ | Consumer Discretionary | 1293.9 | -13.3 | -1.02 | 62m |
| XNJ | Industrials | 3046.3 | -36.5 | -1.18 | 183m |
| XXJ | Financials ex Property Trusts | 4229.4 | -58.3 | -1.36 | 74m |
| XMJ | Materials | 10578.1 | -252.1 | -2.33 | 313m |
| XPJ | Property Trusts | 759.8 | -21.8 | -2.79 | 417m |
| XEJ | Energy | 14461.2 | -489.6 | -3.27 | 84m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| GMG | Goodman Group | 0.42 | -0.08 | -15.31 | 104.1m |
| BLY | Boart Longyear | 0.33 | -0.04 | -9.72 | 75.8m |
| MOF | Macquarie Office Trust | 0.23 | -0.02 | -6.25 | 64.5m |
| GPT | GPT Group | 0.52 | 0.00 | 0 | 59.5m |
| TLS | Telstra Corp Ltd | 3.38 | 0.03 | 0.9 | 50.2m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| PBB | Pacifica Group | 0.22 | 0.06 | 34.37 | 142k |
| MCG | Macquarie Communications Infra | 2.93 | 0.61 | 26.29 | 14m |
| KIL | KFM Diversified Infrastructure And Logistics Fund | 0.61 | 0.05 | 8.93 | 98.3k |
| SMX | SMS Management & Technology Ltd | 3.27 | 0.26 | 8.64 | 813.4k |
| MOC | Mortgage Choice Ltd | 1.04 | 0.08 | 7.77 | 331.4k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| GMG | Goodman Group | 0.42 | -0.08 | -15.31 | 104.1m |
| ABY | Aditya Birla Minerals | 0.65 | -0.12 | -15.13 | 2.9m |
| EWC | Energy World Corporation Ltd | 0.56 | -0.09 | -13.18 | 6.7m |
| NXS | Nexus Energy | 0.40 | -0.06 | -12.22 | 16.1m |
| MCC | Macarthur Coal Ltd | 6.72 | -0.93 | -12.16 | 2.1m |
