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OzRant for Wednesday, December 16th

Posted by GT on December 16, 2009 · Leave a Comment 

Ords slightly (0.21%) lower on below-average volume and losers dominate breadth stats by 1.8:1: sector indices mixed. The NZSE50 closed with a gain of 0.5% for the day. In Japan, the Nikkei225 has added 0.5% so far; Hong Kong’s Hang Seng is down 0.9%.The KOSPI has lost 0.2% so far today.

The following economic data was released during the session:

  • Gross Domestic Product q/q for 3Q was released in Australia; the series posted a reading of 0.2% a decline of 0.4 from the prior reading of 0.6% – less than the market’s pre-release guess of 0.4%.
  • Gross Domestic Product y/y for 3Q was released in Australia; the outcome was 0.5% a drop of 0.1 from the prior reading of 0.6% – less than the consensus estimate of 0.7%.
Major Market Indices

The broad market – the All Ordinaries (XAO) – declined gently, dropping 10 points (0.21%), finishing at 4677.8 points. The index hit an intraday high of 4701.2 at 11:52 am, while the low for the day was 4671.9 – set at 10:23 am Sydney time.

Total volume traded on the ASX was 1.98bn units, 1.5% below its 10-day average of 2.01bn shares.The ASX’s daily listing of all stocks included 1266 different 3-letter FPO’s which traded (i.e., had non-zero trade volume). Of these, 403 issues rose, with volume in rising issues totalling 899.3m units; there were 554 declining stocks, which traded aggregate declining volume of 731.5m shares.

Of the 497 All Ordinaries components, 148 rose while 250 fell. Volume was tilted in favour of the losers by a margin of 1.8:1, with 290.03m shares traded in gainers while 511.32m shares traded in the day’s losers.

The Index that forms the cash basis for the SPI Futures – the S&P/ASX 200 (XJO) – fell mildly, losing 9.7 points (0.21%), closing out the session at 4663.8 points.

GT Intraday Chart
Name Close +/-(%)
All Ordinaries 4677.80 -10.00 (0.2%)
ASX 20 2833.10 -3.90 (0.1%)
ASX 50 4683.40 -5.30 (0.1%)
ASX 100 3822.90 -6.90 (0.2%)
ASX 200 4663.80 -9.70 (0.2%)
ASX 300 4663.60 -10.10 (0.2%)
ASX Mid-Cap 50 4234.20 -29.90 (0.7%)
ASX Small Ordinaries 2495.30 -15.00 (0.6%)

The “heavy hitters” of the Australian market – the ASX 20 Leaders (XTL) – slid modestly, falling 3.9 points (0.14%), closing out the session at 2833.1 points.

Among the 20 big guns, 7 index components finished to the upside, and 13 lost ground. The stocks which make up the index traded a total of 95.44m units; 7 index components rose, with rising volume amounting to 40.57m shares, while the 13 decliners had volume traded totalling 53.05m units. The major percentage gainers within the index were

  • QBE Insurance Group Ltd (QBE), +$0.51 (2.19%) to $23.85 on volume of 3.4 million shares;
  • Telstra Corp Ltd (TLS), +$0.04 (1.16%) to $3.50 on volume of 19.6 million shares;
  • Origin Energy Ltd (ORG), +$0.12 (0.75%) to $16.13 on volume of 1.7 million shares;
  • ANZ Banking Group (ANZ), +$0.09 (0.42%) to $21.52 on volume of 7.9 million shares; and
  • Commonwealth Bank Australia (CBA), +$0.12 (0.23%) to $52.84 on volume of 2.2 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), -$0.23 (1.91%) to $11.79 on volume of 10.4 million shares;
  • AMP Ltd (AMP), -$0.09 (1.45%) to $6.11 on volume of 8 million shares;
  • Newcrest Mining Ltd (NCM), -$0.4 (1.11%) to $35.49 on volume of 1.3 million shares;
  • Stockland (SGP), -$0.04 (1.02%) to $3.89 on volume of 3.8 million shares; and
  • Brambles Industries Ltd (BXB), -$0.06 (0.94%) to $6.30 on volume of 4.5 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 slid modestly, falling 15 points (0.6%), closing out the session at 2495.3 points.

Among the stocks that make up the Small Caps index, 65 index components finished to the upside, and of the rest, 136 closed lower for the session.

The 235 stocks which make up the index traded a total of 430.14m units: volume in the 65 gainers totalling 129.04m shares, with trade totalling 179.47m units in the index’s 136 declining components. The major percentage gainers within the index were
  • Astro Japan Property Group (AJA), +$0.04 (8.64%) to $0.44 on volume of 5.5 million shares;
  • Biota Hldgs Ltd (BTA), +$0.19 (8.12%) to $2.53 on volume of 2.3 million shares;
  • APN European Retail Prop Group (AEZ), +$0.00 (6.25%) to $0.07 on volume of 1.2 million shares;
  • Skilled Group Ltd (SKE), +$0.11 (6.14%) to $1.82 on volume of 348.3 thousand shares; and
  • Hastie Group (HST), +$0.09 (5.44%) to $1.75 on volume of 870.2 thousand shares.

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

  • Citigold Corp Ltd (CTO), -$0.02 (10.34%) to $0.13 on volume of 10.1 million shares;
  • Marion Energy Ltd (MAE), -$0.01 (8.33%) to $0.11 on volume of 590.8 thousand shares;
  • SMS Management & Technology Ltd (SMX), -$0.34 (5.8%) to $5.52 on volume of 141.3 thousand shares;
  • Pacific Brands Ltd (PBG), -$0.07 (5.74%) to $1.15 on volume of 7.7 million shares; and
  • Arafura Resources Ltd (ARU), -$0.04 (5.48%) to $0.69 on volume of 599.4 thousand shares.

Index Changes
Code Name Close +/- % Volume
XAOAll Ordinaries4677.8-10-0.21959.8m
XFLASX 504683.4-5.3-0.11263.7m
XJOASX 2004663.8-9.7-0.21778.7m
XKOASX 3004663.6-10.1-0.22900.4m
XMDASX Mid-Cap 504234.2-29.9-0.7246.5m
XSOASX Small Ordinaries2495.3-15-0.6390.2m
XTLASX 202833.1-3.9-0.1491.7m
XTOASX 1003822.9-6.9-0.18510.2m
Market Breadth
ASX20 XTO XJO XAO XSO Market
Advances7357214865403
Declines1365154253136554
Advancing Volume40.6m185.9m309.1m290m129m899.3m
Declining Volume53.1m340.5m601.4m512m179.5m731.5m
GICS Industry Indices

Among the 11 industry indices, 4 registered an advance for the session, the remaining 7 lost ground.

The best performing index was Telecommunications (XTJ), which added 12.7 points (1.08%) to 1189.2 points. This index only contains 3 stocks; they traded a total of 26.99m units today. 2 index components rose, with rising volume amounting to 22.49m shares, while the sole declining stock traded 4.5m units. The major percentage gainers within the index were

  • Telstra Corp Ltd (TLS), +$0.04 (1.16%) to $3.50 on volume of 19.6 million shares; and
  • Telecom Corporation Of New Zealand Ltd (TEL), +$0.02 (1.06%) to $1.90 on volume of 2.9 million shares.

Second in the index leadership stakes was Information Technology (XIJ), which gained 5.8 points (0.92%) to 638.7 points. This index only contains 3 stocks; they traded a total of 1.46m units today. The lone rising index component had volume amounting to 0.85m shares, while the sole declining stock traded 0.14m units. The major percentage gainers within the index were

  • Computershare Ltd (CPU), +$0.17 (1.57%) to $10.98 on volume of 848 thousand shares.

The bronze medal for today goes to Energy (XEJ), which climbed 112.4 points (0.73%) to 15479.9 points. The 23 stocks which make up the index traded a total of 51.32m units; 8 index components rose, with rising volume amounting to 25.36m shares, while the 12 decliners had volume traded totalling 22.49m units. The major percentage gainers within the index were

  • OIL Search Ltd (OSH), +$0.19 (3.44%) to $5.71 on volume of 9.2 million shares;
  • Riversdale Mining Ltd (RIV), +$0.16 (2.34%) to $7.01 on volume of 686.2 thousand shares;
  • Santos Ltd (STO), +$0.28 (2.06%) to $13.89 on volume of 3.7 million shares;
  • Arrow Energy (AOE), +$0.08 (2.04%) to $4.01 on volume of 2.1 million shares; and
  • WorleyParsons Ltd (WOR), +$0.43 (1.56%) to $27.94 on volume of 520.1 thousand shares.

The worst-performed index for the session was Property Trusts (XPJ), which dipped 10.5 points (1.22%) to 852.2 points. The 16 stocks which make up the index traded a total of 197.84m units; The 10 decliners had volume traded totalling 123.82m units, and 3 index components rose, with rising volume amounting to 45.83m shares, The major percentage decliners within the index were

  • Abacus Property Group (ABP), -$0.02 (3.75%) to $0.39 on volume of 6.6 million shares;
  • Commonwealth Property Office (CPA), -$0.04 (3.68%) to $0.92 on volume of 4.4 million shares;
  • Westfield Group (WDC), -$0.23 (1.91%) to $11.79 on volume of 10.4 million shares;
  • Goodman Group (GMG), -$0.01 (1.71%) to $0.58 on volume of 35.4 million shares; and
  • Macquarie Office Trust (MOF), -$0.01 (1.69%) to $0.29 on volume of 15.5 million shares.

Just missing out on the wooden spoon was Industrials (XNJ), which slid 21.5 points (0.56%) to 3792.9 points. The 32 stocks which make up the index traded a total of 136.39m units; The 19 decliners had volume traded totalling 34.78m units, and 9 index components rose, with rising volume amounting to 30.38m shares, The major percentage decliners within the index were

  • GWA Intl Ltd (GWT), -$0.11 (3.47%) to $3.06 on volume of 486.9 thousand shares;
  • Ausenco (AAX), -$0.13 (3%) to $4.20 on volume of 269.3 thousand shares;
  • Asciano Group (AIO), -$0.05 (284%) to $1.71 on volume of 9.7 million shares;
  • Corporate Express Australia (CXP), -$0.11 (2.78%) to $3.84 on volume of 622.9 thousand shares; and
  • Transpacific Industries Group (TPI), -$0.04 (2.58%) to $1.32 on volume of 1.4 million shares.

Third-to-last amongst the sector indices was Materials (XMJ), which slid 64.2 points (0.52%) to 12190.5 points. The 46 stocks which make up the index traded a total of 175.02m units; The 34 decliners had volume traded totalling 125.59m units, and 10 index components rose, with rising volume amounting to 38.63m shares, The major percentage decliners within the index were

  • Atlas Iron Ltd (AGO), -$0.08 (4.02%) to $1.79 on volume of 1.9 million shares;
  • James Hardie Industries Nv (JHX), -$0.29 (3.55%) to $7.89 on volume of 1.7 million shares;
  • St Barbara Ltd (SBM), -$0.01 (3.33%) to $0.29 on volume of 7.4 million shares;
  • Avoca Resources Ltd (AVO), -$0.06 (3.22%) to $1.81 on volume of 874.8 thousand shares; and
  • Platinum Australia Ltd (PLA), -$0.03 (3.16%) to $0.92 on volume of 2.5 million shares.

Sector Indices
Code GICS Sector Close +/- % Volume
XTJTelecommunications1189.212.71.0827m
XIJInformation Technology638.75.80.921m
XEJEnergy15479.9112.40.7351m
XUJUtilities416113.80.3320m
XXJFinancials ex Property Trusts5358.8-5-0.0965m
XHJHealthcare8276.4-10.9-0.1316m
XSJConsumer Staples7525-13.4-0.1845m
XMJMaterials12190.5-64.2-0.52175m
XDJConsumer Discretionary1576.8-8.2-0.5244m
XNJIndustrials3792.9-21.5-0.56136m
XPJProperty Trusts852.2-10.5-1.22198m

All Ordinaries Major Movers

All Ords Volume Leaders
Code Name Close +/- % Volume
BLYBoart Longyear Ltd0.340.00055.9m
GPTGPT Group0.580.010.8840m
GMGGoodman Group0.58-0.01-1.7135.4m
AWCAlumina Ltd1.74-0.01-0.5733.7m
IIFING Industrial Fund0.450.00023.9m
All Ords Percentage Gainers
Code Name Close +/- % Volume
AMUAmadeus Energy Ltd0.260.0310.871.7m
MSBMesoblast Ltd1.370.129.6451.1k
APEAP Eagers Ltd12.901.089.142.1k
AJAAstro Japan Property Group0.440.048.645.5m
BTABiota Hldgs Ltd2.530.198.122.3m
All Ords Percentage Losers
Code Name Close +/- % Volume
BRGBreville Group Ltd1.59-0.56-25.93360.6k
CTOCitigold Corp Ltd0.13-0.02-10.3410.1m
MAEMarion Energy Ltd0.11-0.01-8.33590.8k
GPMGEO Property Group0.19-0.02-7.5140k
TWOTalent2 International Ltd1.31-0.11-7.4526.2k

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