Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
This one will be mercifully brief - I am looking forward to conquering the membership-system issue today, and being able to declare victory and concentrate on some improvements I've already put into the development schedule.
Just a short note to the ASX (in case you're watching, Mr ASX): Up yours. I've found a way to turn your shit-awful image-PDF Annual Reports into HTML, and even to Excel (for storage in my database). It takes about 4 minutes per company and pretty much requires only the PDF location to do its thang (a little less, actually).
I've now got mid-level fundamental data for 1429 companies (i.e., every number required to do full-scale 3-stage DDM, FCFF or FCFE analyses), and I developed the 'solution' to the Adobe-parsing problem in my spare time (and I don't even HAVE any spare time). So, Mr ASX, you can kiss my lily-white hairy (but actually quite pert) arse.
(The fact that there are even 1400 companies listed - actually there are about 1600 - shows that the ASX is more interested in listing fees than in whether or not the companies it lists are disgraceful mockeries which are not worth listing... more on that later.)
Major Market Indices
The broad market - the ASX All Ordinaries (XAO) - continued to behave like a hyperactive kiddie after ten glasses of red cordial, refusing to lie down and rising 19.70 points (0.45%), finishing at 4429.90 points. The index hit an intraday high of 4429.90 at the close, and its low at 4407.9 was right at the open. The bulk of the day's gain happened in the first hour - at 11 a.m. the All Ords was trading at 4423, and only a little index-arb push in the last 5 minutes enabled a close above 4425.
Total volume traded on the ASX was 970 million units, 6.7% below its 10-day average. Of the 483 stocks in the index, 216 rose while 141 fell. Volume was tilted in favour of the gainers by a margin of 2.2:1, with 331.64 million shares traded in gainers while 150.04million 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) - rose by 18.70 points (0.42%), finishing at 4461.60 points.
The "heavy hitters" of the Australian market - the ASX 20 Leaders (XTL) - rose by 12.70 points (0.53%), finishing at 2389.70 points. Within the index members, there were 12 that rose, and 7 losers. Total volume in rising issues within the ASX20 amounted to 88.34 while volume in the losers totalled 34.01m units.
The major winners in the "big guns" were -
- QBE Insurance Group (QBE), +$0.440 (2.53%) to $17.840 on volume of 3.79m shares;
- BHP Billiton (BHP), +$0.400 (1.97%) to $20.680 on volume of 16.12m shares;
- Woodside Petroleum (WPL), +$0.550 (1.74%) to $32.150 on volume of 1.64m shares;
- Rio Tinto (RIO), +$0.780 (1.52%) to $52.200 on volume of 2.2m shares; and
- Coles Myer Ltd (CML), +$0.080 (0.84%) to $9.580 on volume of 4.19m shares.
The following stocks made up the biggest percentage losers in the big-guns:
- Foster's Group (FGL), -$0.09 (1.6%) to $5.55 on volume of 6.77m shares;
- Woolworths (WOW), -$0.15 (0.89%) to $16.69 on volume of 1.35m shares; and
- AMP Limited (AMP), -$0.04 (0.55%) to $7.24 on volume of 16.32m shares; and
- Commonwealth Bank Of Australia (CBA), -$0.13 (0.35%) to $37.14 on volume of 4.1m shares; and
- St George Bank (SGB), -$0.06 (0.22%) to $26.62 on volume of 534,000 shares.
At the smaller end of the market's capitalisation scale, the ASX Small Ordinaries Index (XSO) - the only place where underexploited value exists with any regularity - rose by 11.80 points (0.47%), finishing at 2531.10 points. The major winners in the "pop-guns" were -
- Sirtex Medical (SRX), +$0.150 (6.98%) to $2.300 on volume of 120,000 shares;
- Agenix (AGX), +$0.020 (6.06%) to $0.350 on volume of 80,000 shares; and
- Miller's Retail (MRL), +$0.045 (5.39%) to $0.880 on volume of 1.39m shares; and
- Arc Energy (ARQ), +$0.100 (4.83%) to $2.170 on volume of 766,000 shares; and
- Multiemedia (MUL), +$0.001 (4.76%) to $0.022 on volume of 19.21m shares.
The losingest-little-guys for the session were (in order of decline):
- Unitab (UTB), -$0.850 (6.25%) to $12.740 on volume of 1.06m shares;
- Lynas Corporation (LYC), -$0.010 (6.25%) to $0.150 on volume of 180,000 shares; and
- Norwood Abbey (NAL), -$0.015 (4.76%) to $0.300 on volume of 563,000 shares; and
- Circadian Technologies (CIR), -$0.060 (4.48%) to $1.280 on volume of 5,000 shares; and
- Silex Systems (SLX), -$0.035 (3.15%) to $1.075 on volume of 142,000 shares.
| Index Changes | |||||
| Code | Name | Close | +/- | % | Volume |
| XAO | All Ordinaries | 4429.9 | 19.7 | 0.45% | 578.39m |
| XTL | S&P/ASX 20 | 2389.7 | 12.7 | 0.53% | 123.13m |
| XFL | S&P/ASX 50 | 4381.8 | 15.8 | 0.36% | 269.3m |
| XTO | S&P/ASX 100 | 3620.2 | 14.9 | 0.41% | 399.46m |
| XJO | S&P/ASX 200 | 4461.6 | 18.7 | 0.42% | 462.08m |
| XKO | S&P/ASX 300 | 4456 | 18.6 | 0.42% | 0 |
| XMD | S&P/ASX Mid-Cap 50 | 4384 | 30.7 | 0.71% | 0 |
| XSO | S&P/ASX Small Ordinaries | 2531.1 | 11.8 | 0.47% | 120.43m |
All Ordinaries Market Internals
| Market Breadth | ||||||
| ASX20 | XTO | XJO | XAO | XSO | Market | |
| Advances | 12 | 60 | 114 | 216 | 95 | 487 |
| Declines | 7 | 29 | 56 | 141 | 58 | 403 |
| Advancing Volume | 88.34m | 241.97m | 266.63m | 331.64 | 60.94 | 490.35 |
| Declining Volume | 34.01m | 109.22m | 128.24m | 150.04 | 37.46 | 291.42 |
S&P/ASX200 GICS Sector Indices
The top sector for the day was XEJ Energy which gained 1.44% to 10120.70 points. The sector was helped by
- Arc Energy (ARQ), +$0.100 (4.83%) to $2.170 on volume of 766,000 shares;
- Tap Oil (TAP), +$0.120 (4.11%) to $3.040 on volume of 1.26m shares;
- Roc Oil Company (ROC), +$0.070 (2.83%) to $2.540 on volume of 446,000 shares;
- Santos (STO), +$0.300 (2.8%) to $11.000 on volume of 2.52m shares; and
- Australian Worldwide Exploration (AWE), +$0.060 (2.7%) to $2.280 on volume of 2.16m shares.
Second in the sector leadership stakes was XMJ Materials which gained 1.21% to 8136.30 points. The sector leaders were -
- Aquarius Platinum (AQP), +$0.350 (4.21%) to $8.670 on volume of 84,000 shares;
- Adelaide Brighton (ABC), +$0.065 (3.27%) to $2.050 on volume of 492,000 shares;
- Lion Selection Group (LSG), +$0.050 (2.78%) to $1.850 on volume of 124,000 shares;
- Great Southern Plantations (GTP), +$0.080 (2.71%) to $3.030 on volume of 1.02m shares; and
- Minara Resources (MRE), +$0.040 (2.33%) to $1.755 on volume of 1.09m shares.
The bronze today went to XIJ Information Technology which gained 0.90% to 435.90 points. The sector was led by
- Baycorp Advantage (BCA), +$0.090 (2.42%) to $3.810 on volume of 1.2m shares;
- Computershare (CPU), +$0.060 (0.91%) to $6.620 on volume of 789,000 shares;
- IRESS Market Technology (IRE), +$0.010 (0.23%) to $4.420 on volume of 36,000 shares;
- ERG (ERG), -$0.000 (0%) to $0.230 on volume of 681,000 shares; and
- Infomedia Ltd (IFM), -$0.000 (0%) to $0.575 on volume of 159,000 shares.
The worst-performed sector today was XSJ Consumer Staples which lost 0.25% to 5783.40 points. The sector was dragged lower by
- Burns, Philp & Company (BPC), -$0.015 (1.63%) to $0.905 on volume of 2.65m shares;
- Foster's Group (FGL), -$0.090 (1.6%) to $5.550 on volume of 6.77m shares;
- Woolworths (WOW), -$0.150 (0.89%) to $16.690 on volume of 1.35m shares;
- AWB (AWB), -$0.040 (0.84%) to $4.730 on volume of 271,000 shares; and
- Southcorp (SRP), -$0.000 (0%) to $4.240 on volume of 64,000 shares.
Just in front of last place on the sector table was XUJ Utilities which lost 0.25% to 5128.90 points. The sector was pulled down by
- Australian Gas Light Company (AGL), -$0.080 (0.56%) to $14.180 on volume of 326,000 shares;
- Pacific Hydro (PHY), -$0.000 (0%) to $5.000 on volume of 0,000 shares;
- Gasnet Australia Group (GAS), -$0.000 (0%) to $2.700 on volume of 678,000 shares;
- Diversified Utility And Energy Trusts (DUE), -$0.000 (0%) to $2.650 on volume of 741,000 shares; and
- Australian Pipeline Trust (APA), -$0.000 (0%) to $3.790 on volume of 95,000 shares.
| Sector Indices | |||||
| Code | GICS Sector | Close | +/- | % | Volume |
| XEJ | Energy | 10120.7 | 143.6 | 1.44% | 17.3m |
| XMJ | Materials | 8136.3 | 96.9 | 1.21% | 83.26m |
| XIJ | Information Technology | 435.9 | 3.9 | 0.9% | 3.13m |
| XNJ | Industrials | 5274.6 | 44.7 | 0.85% | 103.43m |
| XTJ | Telecommunications | 1716.8 | 11 | 0.64% | 42.54m |
| XHJ | Healthcare | 5487.8 | 30.5 | 0.56% | 11.38m |
| XPJ | Property Trusts | 1848.9 | 10.1 | 0.55% | 80.01m |
| XFJ | Financials | 5211.5 | 2.4 | 0.05% | 158.61m |
| XXJ | ASX200 Financials ex Property Trusts | 5317.8 | -5 | -0.09% | 84.78m |
| XDJ | Consumer Discretionary | 2325.3 | -2.4 | -0.1% | 33.45m |
| XUJ | Utilities | 5128.9 | -12.8 | -0.25% | 3.52m |
| XSJ | Consumer Staples | 5783.4 | -14.7 | -0.25% | 19.72m |
All Ordinaries Major Movers
| All Ords Volume Leaders | |||||
| Code | Name | Close | +/- | % | Volume |
| TLS | Telstra Corporation | 4.77 | 0.03 | 0.63% | 40.79m |
| IAG | Insurance Australia Group | 5.86 | -0.41 | -6.54% | 32.95m |
| CRT | Consolidated Rutile | 0.69 | 0.03 | 3.79% | 23.41m |
| PRK | Patrick Corporation | 6.45 | 0.75 | 13.16% | 20.38m |
| BIL | Brambles Industries | 8.66 | 0.02 | 0.23% | 17.94m |
| AMP | AMP Limited | 7.24 | -0.04 | -0.55% | 16.32m |
| All Ords Percentage Gainers | |||||
| Code | Name | Close | +/- | % | Volume |
| PRK | Patrick Corporation | 6.45 | 0.75 | 13.16% | 20.38m |
| HLD | Homeleisure | 0.23 | 0.03 | 12.5% | 269171 |
| GDM | Goldstream Mining | 0.42 | 0.04 | 9.21% | 137421 |
| CHQ | Chiquita Brands South Pacific | 0.84 | 0.07 | 9.09% | 205113 |
| UNI | Unilife Medical Solutions | 0.5 | 0.04 | 7.53% | 144700 |
| All Ords Percentage Decliners | |||||
| Code | Name | Close | +/- | % | Volume |
| UNW | Unwired Group | 0.48 | -0.05 | -8.65% | 1.85m |
| CMP | Compumedics | 0.17 | -0.02 | -8.11% | 522978 |
| ETW | Evans & Tate | 0.28 | -0.02 | -6.67% | 636318 |
| IAG | Insurance Australia Group | 5.86 | -0.41 | -6.54% | 32.95m |
| UTB | Unitab | 12.74 | -0.85 | -6.25% | 1.06m |
Elsewhere in the Region...
| Regional Indices | |||||
| Country | Name | Close | +/- | % | Volume |
| New Zealand | NZSE50 | 3356.585 | -9.94 | -0.3% | 38.35m |
| Japan | Nikkei 225 | 12291.73 | -15.64 | -0.13% | 0 |
| Korea | KOSPI | 1089.88 | -2.83 | -0.26% | 391316 |
| Singapore | Straits Times | 2287.74 | 5.04 | 0.22% | 0 |
| Hong Kong | Hang Seng | 15088.44 | -59.65 | -0.39% | 219.82m |
| Malaysia | KLSE Comp | 924.85 | 1.21 | 0.13% | 0 |
