OzRant for Tuesday, December 29th
All Ords posts solid 1.11% gain on below-average volume and breadth favours the gainers by 12.5:1: every sector index rose. The NZSE50 closed with a gain of 0.6% for the day. In Japan, the Nikkei225 has added 0.1% so far; Hong Kong’s Hang Seng is down 0.1%.The KOSPI has lost 0.9% so far today.
There was no economic data of note released in the region today.
Major Market Indices
The broad market – the All Ordinaries (XAO) – rose strongly, registering a gain of 53.4 points (1.11%), finishing at 4856.7 points. The index hit an intraday high of 4868.1 at 3:43 pm, while the low for the day was 4803.3 – set at 10:00 am Sydney time.
Total volume traded on the ASX was 1.48bn units, 19% below its 10-day average of 1.82bn shares.The ASX’s daily listing of all stocks included 1201 different 3-letter FPO’s which traded (i.e., had non-zero trade volume). Of these, 654 issues rose, with volume in rising issues totalling 1.04bn units; there were 289 declining stocks, which traded aggregate declining volume of 147.1m shares.
Of the 497 All Ordinaries components, 314 rose while 80 fell. Volume was tilted in favour of the gainers by a margin of 12.5:1, with 539.09m shares traded in gainers while 43.22m shares traded in the day’s losers.
The Index that forms the cash basis for the SPI Futures – the S&P/ASX 200 (XJO) – managed a solid gain, adding 54.2 points (1.13%), closing out the session at 4845.1 points.
| Name | Close | +/-(%) |
|---|---|---|
| All Ordinaries | 4856.70 | 53.40 (1.1%) |
| ASX 20 | 2936.00 | 32.80 (1.1%) |
| ASX 50 | 4855.70 | 51.50 (1.1%) |
| ASX 100 | 3966.70 | 43.70 (1.1%) |
| ASX 200 | 4845.10 | 54.20 (1.1%) |
| ASX 300 | 4842.80 | 54.70 (1.1%) |
| ASX Mid-Cap 50 | 4420.60 | 62.10 (1.4%) |
| ASX Small Ordinaries | 2614.00 | 38.40 (1.5%) |
The “heavy hitters” of the Australian market – the ASX 20 Leaders (XTL) – performed solidly, in moving up 32.8 points (1.13%), closing out the session at 2936 points.
Among the 20 big guns, 18 index components finished to the upside, and 3 lost ground. The stocks which make up the index traded a total of 64.57m units; 18 index components rose, with rising volume amounting to 58.4m shares, while the 3 decliners had volume traded totalling 6.16m units. The major percentage gainers within the index were
- QBE Insurance Group Ltd (QBE), +$0.66 (2.68%) to $25.26 on volume of 3.8 million shares;
- Wesfarmers Ltd (WES), +$0.77 (2.55%) to $31.02 on volume of 1.8 million shares;
- Westfield Group (WDC), +$0.23 (1.87%) to $12.50 on volume of 5 million shares;
- Fosters Group Ltd (FGL), +$0.10 (1.82%) to $5.59 on volume of 3 million shares; and
- National Australia Bank Ltd (NAB), +$0.48 (1.8%) to $27.18 on volume of 4.5 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- Brambles Industries Ltd (BXB), -$0.04 (0.59%) to $6.76 on volume of 1.6 million shares;
- Stockland (SGP), -$0.02 (0.51%) to $3.90 on volume of 3.9 million shares; and
- CSL Ltd (CSL), -$0.1 (0.31%) to $32.54 on volume of 657.7 thousand shares.
The ASX Small Ordinaries (XSO) The small end of the market absolutely wiped the floor with its large-cap counterpart. The Small Ords performed solidly, in moving up 38.4 points (1.49%), closing out the session at 2614 points.
Among the stocks that make up the Small Caps index, 160 index components finished to the upside, and of the rest, 34 closed lower for the session.
The 235 stocks which make up the index traded a total of 327.52m units: volume in the 160 gainers totalling 259.79m shares, with trade totalling 17.33m units in the index’s 34 declining components. The major percentage gainers within the index were- Centro Properties Group (CNP), +$0.05 (17.31%) to $0.31 on volume of 11.8 million shares;
- Energy World Corporation Ltd (EWC), +$0.06 (15.07%) to $0.42 on volume of 2.2 million shares;
- Citigold Corp Ltd (CTO), +$0.02 (12%) to $0.14 on volume of 3.8 million shares;
- Centro Retail Trust (CER), +$0.02 (9.68%) to $0.17 on volume of 8 million shares; and
- Brockman Resources Ltd (BRM), +$0.19 (8.48%) to $2.43 on volume of 772.9 thousand shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Marion Energy Ltd (MAE), -$0.01 (4.35%) to $0.11 on volume of 287.9 thousand shares;
- Specialty Fashion Group (SFH), -$0.06 (4.2%) to $1.26 on volume of 1.3 million shares;
- Pharmaxis (PXS), -$0.1 (3.46%) to $2.79 on volume of 613 thousand shares;
- Cash Converters International (CCV), -$0.02 (3.03%) to $0.64 on volume of 439.7 thousand shares; and
- SMS Management & Technology Ltd (SMX), -$0.15 (2.59%) to $5.65 on volume of 165.7 thousand shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4856.7 | 53.4 | 1.11 | 662m |
| XFL | ASX 50 | 4855.7 | 51.5 | 1.07 | 164m |
| XJO | ASX 200 | 4845.1 | 54.2 | 1.13 | 513.8m |
| XKO | ASX 300 | 4842.8 | 54.7 | 1.14 | 616.5m |
| XMD | ASX Mid-Cap 50 | 4420.6 | 62.1 | 1.42 | 156.2m |
| XSO | ASX Small Ordinaries | 2614 | 38.4 | 1.49 | 296.2m |
| XTL | ASX 20 | 2936 | 32.8 | 1.13 | 60.6m |
| XTO | ASX 100 | 3966.7 | 43.7 | 1.11 | 320.3m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 18 | 91 | 195 | 316 | 160 | 654 |
| Declines | 3 | 15 | 36 | 80 | 34 | 289 |
| Advancing Volume | 58.4m | 354.4m | 593m | 539.5m | 259.8m | 1.04bn |
| Declining Volume | 6.2m | 24.4m | 47.4m | 43.2m | 17.3m | 147.1m |
GICS Industry Indices
Among the 11 industry indices, it was green across the board, as every sector managed to keep its head above water.
The best performing index was Consumer Staples (XSJ), which added 124.4 points (1.63%) to 7761.7 points. The 11 stocks which make up the index traded a total of 19.27m units; 10 index components rose, with rising volume amounting to 19.22m shares, while the sole declining stock traded 0.05m units. The major percentage gainers within the index were
- Elders Ltd (ELD), +$0.04 (2.74%) to $1.50 on volume of 1.3 million shares;
- Wesfarmers Ltd (WES), +$0.77 (2.55%) to $31.02 on volume of 1.8 million shares;
- Goodman Fielder (GFF), +$0.03 (1.9%) to $1.61 on volume of 4.7 million shares;
- Fosters Group Ltd (FGL), +$0.10 (1.82%) to $5.59 on volume of 3 million shares; and
- Metcash Ltd (MTS), +$0.07 (1.6%) to $4.44 on volume of 1.5 million shares.
Second in the index leadership stakes was Telecommunications (XTJ), which gained 17.1 points (1.48%) to 1169.9 points. This index only contains 3 stocks; they traded a total of 15.2m units today. 3 index components rose, with rising volume amounting to 15.2m shares, none of the stocks in the index lost ground. The major percentage gainers within the index were
- Telecom Corporation Of New Zealand Ltd (TEL), +$0.04 (1.75%) to $2.03 on volume of 1.5 million shares;
- Telstra Corp Ltd (TLS), +$0.05 (1.49%) to $3.41 on volume of 13.1 million shares; and
- Singapore Telecommunications Ltd (SGT), +$0.01 (0.41%) to $2.47 on volume of 601.4 thousand shares.
The bronze medal for today goes to Property Trusts (XPJ), which climbed 12.5 points (1.43%) to 887.9 points. The 16 stocks which make up the index traded a total of 106.11m units; 13 index components rose, with rising volume amounting to 88.63m shares, while the 2 decliners had volume traded totalling 6.77m units. The major percentage gainers within the index were
- Bunnings Warehouse Prop Trust (BWP), +$0.08 (4.18%) to $1.87 on volume of 877.4 thousand shares;
- ING Office Fund (IOF), +$0.03 (4.07%) to $0.64 on volume of 8.8 million shares;
- Mirvac Group (MGR), +$0.06 (3.65%) to $1.56 on volume of 6.7 million shares;
- Macquarie Countrywide Trust (MCW), +$0.02 (3.39%) to $0.61 on volume of 3 million shares; and
- Abacus Property Group (ABP), +$0.02 (3.37%) to $0.46 on volume of 4.4 million shares.
As mentioned above, there were no declining sectors today – so we can move on down to the Asian market stuff now.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XSJ | Consumer Staples | 7761.7 | 124.4 | 1.63 | 19m |
| XTJ | Telecommunications | 1169.9 | 17.1 | 1.48 | 15m |
| XPJ | Property Trusts | 887.9 | 12.5 | 1.43 | 106m |
| XUJ | Utilities | 4379.7 | 57.5 | 1.33 | 12m |
| XMJ | Materials | 12709.6 | 144.1 | 1.15 | 120m |
| XXJ | Financials ex Property Trusts | 5578.5 | 61.3 | 1.11 | 45m |
| XEJ | Energy | 16029.5 | 168.2 | 1.06 | 45m |
| XNJ | Industrials | 3981.8 | 36.2 | 0.92 | 120m |
| XDJ | Consumer Discretionary | 1628.7 | 14.4 | 0.89 | 23m |
| XIJ | Information Technology | 670.2 | 1.8 | 0.27 | 1m |
| XHJ | Healthcare | 8747 | 6.3 | 0.07 | 7m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| BLY | Boart Longyear Ltd | 0.36 | 0.01 | 1.41 | 37.8m |
| MIG | Macquarie Infrastructure Group | 1.33 | 0.01 | 0.76 | 21.1m |
| AIO | Asciano Group | 1.82 | 0.04 | 2.25 | 20.1m |
| GMG | Goodman Group | 0.60 | 0.01 | 1.69 | 19.3m |
| GPT | GPT Group | 0.59 | 0.01 | 0.85 | 13.2m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| CNP | Centro Properties Group | 0.31 | 0.05 | 17.31 | 11.8m |
| EWC | Energy World Corporation Ltd | 0.42 | 0.06 | 15.07 | 2.2m |
| CTO | Citigold Corp Ltd | 0.14 | 0.02 | 12 | 3.8m |
| SWK | Swick Mining Services Ltd | 0.55 | 0.06 | 11.22 | 326.9k |
| LLA | Living And Leisure Australia Group | 0.03 | 0.00 | 11.11 | 40k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| COZ | CO2 Group Ltd | 0.20 | -0.02 | -9.09 | 166.7k |
| BOC | Bougainville Copper Ltd | 0.56 | -0.04 | -6.67 | 18.9k |
| VIR | Viridis Clean Energy Group | 0.19 | -0.01 | -5.13 | 119k |
| PRT | Prime Media Group Ltd | 0.77 | -0.04 | -4.94 | 12k |
| FPA | Fisher & Paykel Appliances Holdings Ltd | 0.50 | -0.03 | -4.76 | 123.4k |
