OzRant for Tuesday, November 10th

All Ords posts solid 1.13% gain; volume above average and breadth favours the gainers by 2:1: sector indices mixed. The NZSE50 closed with a gain of 0.1% for the day. In Japan, the Nikkei225 has added 1.2% so far; Hong Kong's Hang Seng is showing a 0.8% gain.The KOSPI has added 0.5% for the session thus far.

 

Major Market Indices

The broad market – the All Ordinaries (XAO) – rose strongly, registering a gain of 52.9 points (1.13%), finishing at 4739.4 points. The index hit an intraday high of 4767.1 at 10:17 am, while the low for the day was 4686.5 – set at 10:00 am Sydney time.

Total volume traded on the ASX was 2.46bn units, 18.6% above its 10-day average of 2.08bn shares.The ASX's daily listing of all stocks included 1340 different 3-letter FPO's which traded (i.e., had non-zero trade volume). Of these, 639 issues rose, with volume in rising issues totalling 1.27bn units; there were 406 declining stocks, which traded aggregate declining volume of 705.4m shares.

Of the 501 All Ordinaries components, 295 rose while 123 fell. Volume was tilted in favour of the gainers by a margin of 2:1, with 825.61m shares traded in gainers while 419.65m 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 53.2 points (1.14%), closing out the session at 4728.1 points.

Name	Close	+/-(%)
All Ordinaries	4739.40	52.90 (1.1%)
ASX 20	2876.60	33.00 (1.2%)
ASX 50	4746.70	54.50 (1.2%)
ASX 100	3873.40	43.20 (1.1%)
ASX 200	4728.10	53.20 (1.1%)
ASX 300	4728.50	53.20 (1.1%)
ASX Mid-Cap 50	4281.70	37.70 (0.9%)
ASX Small Ordinaries	2549.30	31.50 (1.3%)

The "heavy hitters" of the Australian market – the ASX 20 Leaders (XTL) – performed solidly, in moving up 33 points (1.16%), closing out the session at 2876.6 points.

Among the 20 big guns, 17 index components finished to the upside, and 4 lost ground. The stocks which make up the index traded a total of 166.71m units; 17 index components rose, with rising volume amounting to 145.66m shares, while the 4 decliners had volume traded totalling 21.05m units. The major percentage gainers within the index were

• AMP Ltd (AMP), +$0.24 (3.92%) to $6.36 on volume of 40.7 million shares;
• Suncorp-Metway Ltd (SUN), +$0.33 (3.74%) to $9.15 on volume of 4.5 million shares;
• Stockland (SGP), +$0.13 (3.53%) to $3.81 on volume of 7.9 million shares;
• Fosters Group Ltd (FGL), +$0.17 (3.14%) to $5.58 on volume of 12.1 million shares; and
• Wesfarmers Ltd (WES), +$0.80 (3%) to $27.49 on volume of 2.9 million shares.

On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:

• Westfield Group (WDC), -$0.22 (1.78%) to $12.12 on volume of 11.4 million shares;
• Brambles Industries Ltd (BXB), -$0.12 (1.67%) to $7.06 on volume of 3.9 million shares;
• QBE Insurance Group Ltd (QBE), -$0.03 (0.13%) to $22.50 on volume of 3.7 million shares; and
• Newcrest Mining Ltd (NCM), -$0.04 (0.11%) to $35.26 on volume of 2 million shares.

The ASX Small Ordinaries (XSO) The small end of the market had a somewhat better day than its large-cap counterpart. The Small Ords performed solidly, in moving up 31.5 points (1.25%), closing out the session at 2549.3 points.

Among the stocks that make up the Small Caps index, 153 index components finished to the upside, and of the rest, 57 closed lower for the session.

The 235 stocks which make up the index traded a total of 731.84m units: volume in the 153 gainers totalling 379.45m shares, with trade totalling 184.81m units in the index's 57 declining components. The major percentage gainers within the index were

• Carbon Energy (CNX), +$0.09 (12.69%) to $0.76 on volume of 4.4 million shares;
• Carbon Energy Ltd (CNX), +$0.09 (12.69%) to $0.76 on volume of 4.4 million shares;
• Western Areas NL (WSA), +$0.44 (9.02%) to $5.32 on volume of 1.2 million shares;
• OceanaGold Corporation – CDI (OGC), +$0.10 (7.6%) to $1.35 on volume of 1 million shares; and
• Wattyl Ltd (WYL), +$0.08 (7.27%) to $1.18 on volume of 110.8 thousand shares.

In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):

• Apex Minerals NL (AXM), -$0.01 (9.09%) to $0.05 on volume of 53.3 million shares;
• ING Real Estate Community Living Group (ILF), -$0.01 (8.33%) to $0.11 on volume of 393.4 thousand shares;
• Sundance Resources (SDL), -$0.01 (6.06%) to $0.16 on volume of 8.8 million shares;
• Mintails (MLI), -$0 (4.44%) to $0.04 on volume of 490 thousand shares; and
• Otto Energy (OEL), -$0 (4.29%) to $0.07 on volume of 10.5 million shares.

 

Index Changes

Code	Name	Close	+/-	%	Volume
XAO	All Ordinaries	4739.4	52.9	1.13	1459.7m
XFL	ASX 50	4746.7	54.5	1.16	388.6m
XJO	ASX 200	4728.1	53.2	1.14	1171.9m
XKO	ASX 300	4728.5	53.2	1.14	1381.6m
XMD	ASX Mid-Cap 50	4281.7	37.7	0.89	311.6m
XSO	ASX Small Ordinaries	2549.3	31.5	1.25	681.4m
XTL	ASX 20	2876.6	33	1.16	158.9m
XTO	ASX 100	3873.4	43.2	1.13	700.2m

Market Breadth

	ASX20	XTO	XJO	XAO	XSO	Market
Advances	17	72	167	295	153	639
Declines	4	33	69	123	57	406
Advancing Volume	145.7m	536.2m	950.7m	825.6m	379.5m	1.27bn
Declining Volume	21m	266.2m	467m	419.7m	184.8m	705.4m

GICS Industry Indices

Among the 11 industry indices, 9 registered an advance for the session, the remaining 2 lost ground.

The best performing index was Information Technology (XIJ), which added 12.9 points (2.09%) to 630.9 points. This index only contains 3 stocks; they traded a total of 3.22m units today. The lone rising index component had volume amounting to 2.63m shares, none of the stocks in the index lost ground. The major percentage gainers within the index were

• Computershare Ltd (CPU), +$0.27 (2.57%) to $10.77 on volume of 2.6 million shares.

Second in the index leadership stakes was Materials (XMJ), which gained 206.7 points (1.8%) to 11662.3 points. The 49 stocks which make up the index traded a total of 223.5m units; 34 index components rose, with rising volume amounting to 141.45m shares, while the 14 decliners had volume traded totalling 80.48m units. The major percentage gainers within the index were

• Western Areas NL (WSA), +$0.44 (9.02%) to $5.32 on volume of 1.2 million shares;
• Gunns Ltd (GNS), +$0.07 (6.7%) to $1.04 on volume of 2.4 million shares;
• Sino Gold Mining Ltd (SGX), +$0.46 (6.39%) to $7.66 on volume of 3.2 million shares;
• Panoramic Resources (PAN), +$0.12 (5.29%) to $2.39 on volume of 1.1 million shares; and
• Fortescue Metals Group (FMG), +$0.14 (3.59%) to $4.04 on volume of 4 million shares.

The bronze medal for today goes to Consumer Staples (XSJ), which climbed 116.5 points (1.58%) to 7477.4 points. The 12 stocks which make up the index traded a total of 96.63m units; 11 index components rose, with rising volume amounting to 42.47m shares, none of the stocks in the index lost ground. The major percentage gainers within the index were

• Fosters Group Ltd (FGL), +$0.17 (3.14%) to $5.58 on volume of 12.1 million shares;
• AWB Ltd (AWB), +$0.04 (3.02%) to $1.20 on volume of 7.8 million shares;
• Wesfarmers Ltd (WES), +$0.80 (3%) to $27.49 on volume of 2.9 million shares;
• Graincorp Ltd A (GNC), +$0.10 (1.53%) to $6.62 on volume of 1.7 million shares; and
• Premier Investments Limited (PMV), +$0.11 (1.38%) to $8.11 on volume of 415.1 thousand shares.

The worst-performed index for the session was Property Trusts (XPJ), which dipped 1.2 points (0.14%) to 866.2 points. The 22 stocks which make up the index traded a total of 285.56m units; The 8 decliners had volume traded totalling 129.96m units, and 9 index components rose, with rising volume amounting to 125.36m shares, The major percentage decliners within the index were

• Valad Property Group (VPG), -$0.01 (3.45%) to $0.14 on volume of 14.7 million shares;
• Goodman Group (GMG), -$0.02 (3.28%) to $0.59 on volume of 41.2 million shares;
• Commonwealth Property Office (CPA), -$0.02 (2.09%) to $0.94 on volume of 16.4 million shares;
• Westfield Group (WDC), -$0.22 (1.78%) to $12.12 on volume of 11.4 million shares; and
• Macquarie Office Trust (MOF), -$0.01 (1.64%) to $0.30 on volume of 31.5 million shares.

Just missing out on the wooden spoon was Utilities (XUJ), which slid 3 points (0.07%) to 4179.5 points. The 11 stocks which make up the index traded a total of 79.98m units; The 4 decliners had volume traded totalling 8.34m units, and 6 index components rose, with rising volume amounting to 10.18m shares, The major percentage decliners within the index were

• Spark Infrastructure Trust (SKI), -$0.03 (2.05%) to $1.20 on volume of 2.8 million shares;
• Infigen Energy (IFN), -$0.02 (1.37%) to $1.44 on volume of 2.9 million shares;
• Hastings Diversified Utilities Fund (HDF), -$0.01 (0.93%) to $1.06 on volume of 1.7 million shares; and
• AGL Energy Ltd (AGK), -$0.08 (0.58%) to $13.64 on volume of 953.6 thousand shares.

Sector Indices

Code	GICS Sector	Close	+/-	%	Volume
XIJ	Information Technology	630.9	12.9	2.09	3m
XMJ	Materials	11662.3	206.7	1.8	224m
XSJ	Consumer Staples	7477.4	116.5	1.58	97m
XEJ	Energy	16123.5	234.9	1.48	59m
XXJ	Financials ex Property Trusts	5680.7	55.6	0.99	149m
XDJ	Consumer Discretionary	1613.9	11.8	0.74	72m
XHJ	Healthcare	8427.8	59.2	0.71	25m
XNJ	Industrials	3907.6	26.2	0.68	187m
XTJ	Telecommunications	1117.5	5.6	0.5	39m
XUJ	Utilities	4179.5	-3	-0.07	80m
XPJ	Property Trusts	866.2	-1.2	-0.14	286m

All Ordinaries Major Movers

All Ords Volume Leaders

Code	Name	Close	+/-	%	Volume
BLY	Boart Longyear	0.30	0.02	5.26	69.3m
BBI	Babcock & Brown Infrastructure Group	0.04	0.00	0	61.5m
ELD	Elders Ltd	0.18	0.00	0	54.2m
AXM	Apex Minerals NL	0.05	-0.01	-9.09	53.3m
GPT	GPT Group	0.62	0.01	1.65	43.8m

All Ords Percentage Gainers

Code	Name	Close	+/-	%	Volume
CNX	Carbon Energy	0.76	0.09	12.69	4.4m
CNX	Carbon Energy Ltd	0.76	0.09	12.69	4.4m
VMGR	VDM Group (Rights)	0.04	0.00	11.11	1.6m
AHDR	Amalgamated Hldgs Ltd (Rights)	1.75	0.15	9.06	3.4k
WSA	Western Areas NL	5.32	0.44	9.02	1.2m

All Ords Percentage Losers

Code	Name	Close	+/-	%	Volume
AXM	Apex Minerals NL	0.05	-0.01	-9.09	53.3m
ILF	ING Real Estate Community Living Group	0.11	-0.01	-8.33	393.4k
COZ	CO2 Group	0.35	-0.03	-6.76	157.4k
SDL	Sundance Resources	0.16	-0.01	-6.06	8.8m
CUV	Clinuvel Pharmaceuticals	0.28	-0.02	-5.08	814.8k

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