OzRant for Wednesday, November 11th
All Ords up modestly, adding 0.43%; volume above average and breadth favours the gainers by 1.9:1: sector indices mixed. The NZSE50 closed down 0.2 for the day.In Japan, the Nikkei225 has added 0.1% so far; Hong Kong’s Hang Seng is showing a 0.7% gain.The KOSPI has added 0.3% for the session thus far.
There was no economic data of note released in the region today.
Major Market Indices
The broad market – the All Ordinaries (XAO) – advanced modestly, rising 20.6 points (0.43%), finishing at 4764.6 points. The index hit an intraday high of 4774.9 at 2:51 pm, while the low for the day was 4744 – set at 10:00 am Sydney time.
Total volume traded on the ASX was 2.28bn units, 9.8% above its 10-day average of 2.08bn shares.The ASX’s daily listing of all stocks included 1309 different 3-letter FPO’s which traded (i.e., had non-zero trade volume). Of these, 506 issues rose, with volume in rising issues totalling 1.2bn units; there were 509 declining stocks, which traded aggregate declining volume of 712.3m shares.
Of the 501 All Ordinaries components, 220 rose while 200 fell. Volume was tilted in favour of the gainers by a margin of 1.9:1, with 712.09m shares traded in gainers while 365.22m shares traded in the day’s losers.
The Index that forms the cash basis for the SPI Futures – the S&P/ASX 200 (XJO) – posted a modest rise of 21.9 points (0.46%), closing out the session at 4755.5 points.
| Name | Close | +/-(%) |
|---|---|---|
| All Ordinaries | 4764.60 | 20.60 (0.4%) |
| ASX 20 | 2892.70 | 12.60 (0.4%) |
| ASX 50 | 4774.10 | 22.40 (0.5%) |
| ASX 100 | 3896.40 | 18.70 (0.5%) |
| ASX 200 | 4755.50 | 21.90 (0.5%) |
| ASX 300 | 4755.90 | 22.00 (0.5%) |
| ASX Mid-Cap 50 | 4311.40 | 23.40 (0.5%) |
| ASX Small Ordinaries | 2560.00 | 6.60 (0.3%) |
The “heavy hitters” of the Australian market – the ASX 20 Leaders (XTL) – advanced by under a percent, adding 12.6 points (0.44%), closing out the session at 2892.7 points.
Among the 20 big guns, 12 index components finished to the upside, and 6 lost ground. The stocks which make up the index traded a total of 135.5m units; 12 index components rose, with rising volume amounting to 88.36m shares, while the 6 decliners had volume traded totalling 19.37m units. The major percentage gainers within the index were
- Stockland (SGP), +$0.22 (5.76%) to $4.04 on volume of 13.1 million shares;
- Westfield Group (WDC), +$0.36 (2.96%) to $12.53 on volume of 9.5 million shares;
- Wesfarmers Ltd (WES), +$0.59 (2.15%) to $28.02 on volume of 2.4 million shares;
- RIO Tinto Ltd (RIO), +$1.23 (1.82%) to $68.68 on volume of 4 million shares; and
- BHP Billiton Ltd (BHP), +$0.59 (1.53%) to $39.08 on volume of 15.1 million shares.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- Macquarie Group Ltd (MQG), -$1.42 (2.82%) to $48.92 on volume of 1.5 million shares;
- Commonwealth Bank Australia (CBA), -$0.75 (1.35%) to $54.80 on volume of 3.6 million shares;
- Suncorp-Metway Ltd (SUN), -$0.11 (1.2%) to $9.06 on volume of 2.6 million shares;
- Woolworths Ltd (WOW), -$0.29 (1.02%) to $28.14 on volume of 2.6 million shares; and
- Brambles Industries Ltd (BXB), -$0.05 (0.71%) to $7.00 on volume of 3.6 million shares.
The ASX Small Ordinaries (XSO) The small end of the market significantly underperformed its large-cap counterpart. The Small Ords advanced by under a percent, adding 6.6 points (0.26%), closing out the session at 2560 points.
Among the stocks that make up the Small Caps index, 109 index components finished to the upside, and of the rest, 100 closed lower for the session.
The 235 stocks which make up the index traded a total of 596.19m units: volume in the 109 gainers totalling 237.25m shares, with trade totalling 184.07m units in the index’s 100 declining components. The major percentage gainers within the index were- Lynas Corporation (LYC), +$0.05 (10.53%) to $0.53 on volume of 39.2 million shares;
- OceanaGold Corporation – CDI (OGC), +$0.14 (10%) to $1.49 on volume of 1.7 million shares;
- Icon Energy Ltd/Australia (ICN), +$0.03 (6.9%) to $0.47 on volume of 3.6 million shares;
- Energy World Corporation Ltd (EWC), +$0.03 (5.43%) to $0.49 on volume of 3.7 million shares; and
- Integra Mining (IGR), +$0.02 (5.26%) to $0.30 on volume of 4.3 million shares.
In the red-zone of the little-stock index, the following list represents the biggest downers (in terms of percentage decline):
- Sylvania Resources (SLV), -$0.06 (7.19%) to $0.78 on volume of 248.9 thousand shares;
- Aditya Birla Minerals (ABY), -$0.09 (6.34%) to $1.33 on volume of 889.9 thousand shares;
- Apex Minerals NL (AXM), -$0 (6.25%) to $0.05 on volume of 33.6 million shares;
- Centro Retail Trust (CER), -$0.01 (5.41%) to $0.18 on volume of 2.3 million shares; and
- Macquarie DDR Trust (MDT), -$0.01 (4.76%) to $0.10 on volume of 2 million shares.
Index Changes
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XAO | All Ordinaries | 4764.6 | 20.6 | 0.43 | 1286.4m |
| XFL | ASX 50 | 4774.1 | 22.4 | 0.47 | 354.2m |
| XJO | ASX 200 | 4755.5 | 21.9 | 0.46 | 1065.3m |
| XKO | ASX 300 | 4755.9 | 22 | 0.46 | 1204.2m |
| XMD | ASX Mid-Cap 50 | 4311.4 | 23.4 | 0.55 | 288.7m |
| XSO | ASX Small Ordinaries | 2560 | 6.6 | 0.26 | 561.3m |
| XTL | ASX 20 | 2892.7 | 12.6 | 0.44 | 122.4m |
| XTO | ASX 100 | 3896.4 | 18.7 | 0.48 | 643m |
Market Breadth
| ASX20 | XTO | XJO | XAO | XSO | Market | |
|---|---|---|---|---|---|---|
| Advances | 12 | 55 | 128 | 220 | 109 | 506 |
| Declines | 6 | 51 | 108 | 200 | 100 | 509 |
| Advancing Volume | 88.4m | 492.3m | 953.9m | 712.1m | 237.3m | 1.2bn |
| Declining Volume | 19.4m | 189.4m | 309.9m | 365.2m | 184.1m | 712.3m |
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 Property Trusts (XPJ), which added 33.7 points (3.88%) to 902.7 points. The 22 stocks which make up the index traded a total of 319.09m units; 15 index components rose, with rising volume amounting to 308.88m shares, while the 6 decliners had volume traded totalling 10.21m units. The major percentage gainers within the index were
- Mirvac Group (MGR), +$0.10 (6.8%) to $1.57 on volume of 12.8 million shares;
- Stockland (SGP), +$0.22 (5.76%) to $4.04 on volume of 13.1 million shares;
- Dexus Property Group (DXS), +$0.05 (5.63%) to $0.85 on volume of 24.2 million shares;
- ING Office Fund (IOF), +$0.03 (5.36%) to $0.59 on volume of 24.6 million shares; and
- Macquarie Countrywide Trust (MCW), +$0.03 (5%) to $0.63 on volume of 7.2 million shares.
Second in the index leadership stakes was Utilities (XUJ), which gained 57.2 points (1.37%) to 4236.6 points. The 11 stocks which make up the index traded a total of 86.35m units; 5 index components rose, with rising volume amounting to 7.48m shares, while the 3 decliners had volume traded totalling 14.41m units. The major percentage gainers within the index were
- Energy World Corporation Ltd (EWC), +$0.03 (5.43%) to $0.49 on volume of 3.7 million shares;
- AGL Energy Ltd (AGK), +$0.37 (2.71%) to $14.01 on volume of 1.2 million shares;
- APA Group (APA), +$0.05 (1.59%) to $3.20 on volume of 538 thousand shares;
- Envestra Ltd (ENV), +$0.01 (0.94%) to $0.54 on volume of 844.4 thousand shares; and
- Duet Group (DUE), +$0.01 (0.57%) to $1.77 on volume of 1.3 million shares.
The bronze medal for today goes to Materials (XMJ), which climbed 121.1 points (1.04%) to 11792.2 points. The 49 stocks which make up the index traded a total of 220.79m units; 19 index components rose, with rising volume amounting to 121.19m shares, while the 28 decliners had volume traded totalling 76.75m units. The major percentage gainers within the index were
- Lynas Corporation (LYC), +$0.05 (10.53%) to $0.53 on volume of 39.2 million shares;
- Cudeco (CDU), +$0.21 (3.77%) to $5.78 on volume of 563.8 thousand shares;
- Sundance Resources (SDL), +$0.01 (3.23%) to $0.16 on volume of 1.7 million shares;
- James Hardie Industries Nv (JHX), +$0.15 (2.05%) to $7.48 on volume of 2.1 million shares; and
- Amcor Ltd (AMC), +$0.11 (2.01%) to $5.59 on volume of 5 million shares.
The worst-performed index for the session was Financials ex Property Trusts (XXJ), which dipped 19.5 points (0.34%) to 5671.5 points. The 25 stocks which make up the index traded a total of 92.61m units; The 11 decliners had volume traded totalling 35.11m units, and 12 index components rose, with rising volume amounting to 33.15m shares, The major percentage decliners within the index were
- Ioof Hldgs Ltd (IFL), -$0.19 (3.28%) to $5.61 on volume of 533.1 thousand shares;
- Macquarie Group Ltd (MQG), -$1.42 (2.82%) to $48.92 on volume of 1.5 million shares;
- Perpetual (PPT), -$0.81 (2.32%) to $34.07 on volume of 388.2 thousand shares;
- Challenger Fin Ser (CGF), -$0.07 (1.81%) to $3.79 on volume of 2.5 million shares; and
- Commonwealth Bank Australia (CBA), -$0.75 (1.35%) to $54.80 on volume of 3.6 million shares.
Just missing out on the wooden spoon was Industrials (XNJ), which slid 9.6 points (0.25%) to 3905.6 points. The 34 stocks which make up the index traded a total of 162.06m units; The 19 decliners had volume traded totalling 82.58m units, and 13 index components rose, with rising volume amounting to 10.57m shares, The major percentage decliners within the index were
- Emeco Holdings (EHL), -$0.04 (4.44%) to $0.86 on volume of 3.9 million shares;
- Virgin Blue Hldgs Ltd (VBA), -$0.02 (3.74%) to $0.52 on volume of 10.8 million shares;
- Ausenco (AAX), -$0.15 (3.42%) to $4.23 on volume of 2.9 million shares;
- Transfield Services Ltd (TSE), -$0.11 (2.61%) to $4.10 on volume of 3 million shares; and
- Cabcharge Australia Ltd (CAB), -$0.15 (2.29%) to $6.40 on volume of 479.6 thousand shares.
Sector Indices
| Code | GICS Sector | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| XPJ | Property Trusts | 902.7 | 33.7 | 3.88 | 319m |
| XUJ | Utilities | 4236.6 | 57.2 | 1.37 | 86m |
| XMJ | Materials | 11792.2 | 121.1 | 1.04 | 221m |
| XHJ | Healthcare | 8492.2 | 70.3 | 0.83 | 16m |
| XDJ | Consumer Discretionary | 1626.6 | 12.3 | 0.76 | 39m |
| XTJ | Telecommunications | 1125.2 | 4.7 | 0.42 | 30m |
| XSJ | Consumer Staples | 7502.3 | 29.7 | 0.4 | 52m |
| XIJ | Information Technology | 632.5 | 1.7 | 0.27 | 2m |
| XEJ | Energy | 16130.1 | 6.7 | 0.04 | 59m |
| XNJ | Industrials | 3905.6 | -9.6 | -0.25 | 162m |
| XXJ | Financials ex Property Trusts | 5671.5 | -19.5 | -0.34 | 93m |
All Ordinaries Major Movers
All Ords Volume Leaders
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| GMG | Goodman Group | 0.60 | 0.01 | 1.69 | 71.1m |
| BLY | Boart Longyear | 0.30 | 0.00 | 0 | 68.5m |
| GPT | GPT Group | 0.64 | 0.03 | 4.07 | 66.6m |
| BBI | Babcock & Brown Infrastructure Group | 0.04 | 0.00 | 0 | 61.5m |
| LYC | Lynas Corporation | 0.53 | 0.05 | 10.53 | 39.2m |
All Ords Percentage Gainers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| VMGR | VDM Group (Rights) | 0.05 | 0.01 | 12.5 | 1m |
| LYC | Lynas Corporation | 0.53 | 0.05 | 10.53 | 39.2m |
| OGC | OceanaGold Corporation – CDI | 1.49 | 0.14 | 10 | 1.7m |
| PPI | Pelorus Property Group | 0.19 | 0.02 | 8.57 | 21.7k |
| PBT | Prana Biotechnology | 0.20 | 0.02 | 8.33 | 95k |
All Ords Percentage Losers
| Code | Name | Close | +/- | % | Volume |
|---|---|---|---|---|---|
| LNG | Liquefied Natural Gas | 1.30 | -0.12 | -8.45 | 15.7m |
| ALD | Allied Gold | 0.43 | -0.04 | -7.53 | 600.2k |
| TWO | Talent2 International Ltd | 1.41 | -0.11 | -7.24 | 79.2k |
| SLV | Sylvania Resources | 0.78 | -0.06 | -7.19 | 2489k |
| AHDR | Amalgamated Hldgs Ltd (Rights) | 1.58 | -0.12 | -7.06 | 6.7k |
