OzRant for Monday, December 19th 2011
Ords savaged to the tune of 2.49%; volume above average and losers dominate breadth stats by 10.2:1: sector indices down across the board. The NZSE50 closed down 0.7% for the day. In Japan, the Nikkei225 is currently trading down 1.3% for the session; Hong Kong’s Hang Seng is down 1.1%.The KOSPI has lost 3.4% so far today.
The following economic data was released during the session:
- Nationwide Department Store Sales y/y for November 2011 was released in Japan; the result was -1.9% dropping 1.4 from the prior reading of -0.5%
- Tokyo Department Store Sales y/y for November 2011 was released in Japan; the result was -3.0% a drop of 1.1 from the prior reading of -1.9%
- NBNZ Activity Outlook for December 2011 was released in New Zealand; the result was 25.7 sliding 3.1 from the prior reading of 28.8
- NBNZ Business Confidence for December 2011 was released in New Zealand; the series posted a reading of 16.9 falling 1.4 from the prior reading of 18.3
Major Market Indices
The broad market – the All Ordinaries (XAO) – slid pretty savagely, posting a loss of 104.9 points (2.49%), finishing at 4113.9 points. The index hit an intraday high of 4132.7 at 12:07 pm, while the low for the day was 4113.6 – set at 4:03 pm Sydney time.
Total volume traded on the ASX was 2.1bn units, 4.5% above its 10-day average of 2.01bn shares.The ASX’s daily listing of all stocks included 1356 different 3-letter FPO’s which traded (i.e., had non-zero trade volume). Of these, 130 issues rose, with volume in rising issues totalling 291.2m units; there were 1018 declining stocks, which traded aggregate declining volume of 1.5bn shares.
Of the 497 All Ordinaries components, 26 rose while 335 fell. Volume was tilted in favour of the losers by a margin of 10.2:1, with 78.27m shares traded in gainers while 797.57m shares traded in the day’s losers.
The Index that forms the cash basis for the SPI Futures – the S&P/ASX 200 (XJO) – dipped rather savagely, losing 98.8 points (2.38%), closing out the session at 4060.4 points.
|All Ordinaries||4113.90||-104.90 (2.5%)|
|ASX 20||2445.00||-53.00 (2.1%)|
|ASX 50||4077.20||-89.30 (2.1%)|
|ASX 100||3317.70||-77.20 (2.3%)|
|ASX 200||4060.40||-98.80 (2.4%)|
|ASX 300||4056.80||-100.10 (2.4%)|
|ASX Mid-Cap 50||3583.90||-125.20 (3.4%)|
|ASX Small Ordinaries||2230.10||-87.30 (3.8%)|
The “heavy hitters” of the Australian market – the ASX 20 Leaders (XTL) – was taken to the woodshed somewhat, sliding 53 points (2.12%), closing out the session at 2445 points.
Among the 20 big guns, the news was pretty dismal: not a single stock registered a gain for the session. A total of 160.79m units was traded in the losing index componentsThe stocks which make up the index traded a total of 407.49m units; none of the index components managed a gain. while the 20 decliners had volume traded totalling 160.79m units.
On the less salubrious side of the big-cap fence, the following stocks were the worst-performed within the index:
- AMP Ltd (AMP), -$0.17 (3.94%) to $4.14 on volume of 7.6 million shares;
- Origin Energy Ltd (ORG), -$0.5 (3.65%) to $13.19 on volume of 5.4 million shares;
- Woodside Petroleum Ltd (WPL), -$1.06 (3.39%) to $30.24 on volume of 2.2 million shares;
- Westfield Group (WDC), -$0.25 (3.09%) to $7.85 on volume of 8.6 million shares; and
- Brambles Industries Ltd (BXB), -$0.21 (2.9%) to $7.03 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 copped a bit of a hiding, sliding 87.3 points (3.77%), closing out the session at 2230.1 points.
Among the stocks that make up the Small Caps index, 15 index components finished to the upside, and of the rest, 156 closed lower for the session.
The 235 stocks which make up the index traded a total of 344.69m units: volume in the 15 gainers totalling 13.14m shares, with trade totalling 265.38m units in the index’s 156 declining components. The major percentage gainers within the index were
- Moly Mines (MOL), +$0.02 (6.56%) to $0.33 on volume of 101.9 thousand shares;
- PMP Ltd (PMP), +$0.03 (5.56%) to $0.48 on volume of 0 thousand shares;
- ING Real Estate Community Living Group (ILF), +$0.01 (3.57%) to $0.15 on volume of 680.7 thousand shares;
- Citigold Corp Ltd (CTO), +$0.00 (3.08%) to $0.07 on volume of 1.6 million shares; and
- Monadelphous Group Ltd (MND), +$0.51 (2.67%) to $19.63 on volume of 571.8 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 (16.67%) to $0.01 on volume of 2.4 million shares;
- Infigen Energy (IFN), -$0.04 (13.11%) to $0.27 on volume of 2.3 million shares;
- Oilex Ltd (OEX), -$0.03 (11.11%) to $0.20 on volume of 58.2 thousand shares;
- Berkeley Resources (BKY), -$0.05 (10.84%) to $0.37 on volume of 701.2 thousand shares; and
- Minemakers Ltd (MAK), -$0.03 (10.71%) to $0.25 on volume of 1 million shares.
|XMD||ASX Mid-Cap 50||3583.9||-125.2||-3.38||206.9m|
|XSO||ASX Small Ordinaries||2230.1||-87.3||-3.77||311.9m|
GICS Industry Indices
Among the 11 industry indices, the news was universally negative: not a single sector managed to break into the “Win” column.
Since none of the industry sectors registered a gain for the session, there is no point in burdening ourselves with the internal behaviour of advancing sectors… on to the losers.
The worst-performed index for the session was Consumer Discretionary (XDJ), which dipped 48.7 points (3.95%) to 1183.3 points. The 23 stocks which make up the index traded a total of 76.02m units; The 18 decliners had volume traded totalling 72.53m units, and 2 index components rose, with rising volume amounting to 3.49m shares, The major percentage decliners within the index were
- Billabong Intl Ltd (BBG), -$1.61 (44.23%) to $2.03 on volume of 25 million shares;
- David Jones Ltd (DJS), -$0.25 (9.09%) to $2.50 on volume of 7.2 million shares;
- Harvey Norman Hldgs Ltd (HVN), -$0.17 (8.7%) to $1.79 on volume of 5.4 million shares;
- Jb Hi-Fi (JBH), -$0.91 (7.16%) to $11.80 on volume of 3.2 million shares; and
- Fairfax Media Ltd (FXJ), -$0.05 (5.84%) to $0.73 on volume of 9 million shares.
Just missing out on the wooden spoon was Energy (XEJ), which slid 486.5 points (3.72%) to 12603.9 points. The 23 stocks which make up the index traded a total of 71.36m units; The 18 decliners had volume traded totalling 50.32m units, – none of the index components ended with a gain. The major percentage decliners within the index were
- Nexus Energy Ltd (NXS), -$0.03 (9.43%) to $0.24 on volume of 6.4 million shares;
- Karoon Gas Australia Ltd (KAR), -$0.34 (7.33%) to $4.30 on volume of 1.3 million shares;
- Linc Energy (LNC), -$0.08 (6.25%) to $1.13 on volume of 1.9 million shares;
- Paladin Energy Ltd (PDN), -$0.1 (6.25%) to $1.43 on volume of 7.5 million shares; and
- ROC Oil Co Ltd (ROC), -$0.02 (5.56%) to $0.26 on volume of 1.8 million shares.
Third-to-last amongst the sector indices was Industrials (XNJ), which slid 100.9 points (2.93%) to 3339.5 points. The 32 stocks which make up the index traded a total of 54.96m units; The 23 decliners had volume traded totalling 49.96m units, and 2 index components rose, with rising volume amounting to 1.06m shares, The major percentage decliners within the index were
- Hastie Group (HST), -$0.07 (8.72%) to $0.68 on volume of 289.7 thousand shares;
- Boart Longyear Ltd (BLY), -$0.22 (7.12%) to $2.87 on volume of 4.1 million shares;
- Seek Ltd (SEK), -$0.4 (6.48%) to $5.77 on volume of 2.6 million shares;
- Downer EDI Ltd (DOW), -$0.2 (6.15%) to $3.05 on volume of 1.6 million shares; and
- Hills Industries Ltd (HIL), -$0.07 (5.93%) to $1.11 on volume of 190.1 thousand shares.
|XXJ||Financials ex Property Trusts||4490.7||-90.4||-1.97||62m|
All Ordinaries Major Movers
All Ords Volume Leaders
|FGL||Fosters Group Ltd||5.38||0.00||0||246.7m|
|BSL||Bluescope Steel Ltd||0.41||-0.03||-6.9||105.3m|
|TLS||Telstra Corp Ltd||3.23||-0.04||-1.22||44.6m|
|BBG||Billabong Intl Ltd||2.03||-1.61||-44.23||25m|
All Ords Percentage Gainers
|LLA||Living And Leisure Australia Group||0.05||0.01||36.11||4.5m|
|MOL||Moly Mines Ltd||0.33||0.02||6.56||101.9k|
|ILF||ING Real Estate Community Living Group||0.15||0.01||3.57||680.7k|
All Ords Percentage Losers
|TWO||Talent2 International Ltd||0.44||-0.55||-55.56||9.9m|
|BBG||Billabong Intl Ltd||2.03||-1.61||-44.23||25m|
|AXM||Apex Minerals NL||0.01||0.00||-16.67||2.4m|
|SHV||Select Harvests Ltd||1.51||-0.29||-16.11||333.5k|
|ARH||Australasian Resources Ltd||0.17||-0.03||-13.16||166.2k|