Weekly ProWrap ProAcct

Summary for the week ending August 14, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,465.1

162.0

3.8%
XJO ASX 200

4,461.0

161.6

3.8%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.13

$0.25

4.3%
ANZ ANZ Banking Group Limited

$20.74

$1.36

7.0%
BHP BHP Billiton Limited

$38.26

$0.26

0.7%
BXB Brambles Limited

$6.82

$0.82

13.7%
CBA Commonwealth Bank

$47.02

$2.57

5.8%
CSL CSL Limited

$33.02

$1.61

5.1%
FGL Foster's Group

$5.35

$0.01

0.2%
MQG Maquarie Group Limited

$47.01

$3.05

6.9%
NAB National Aust. Bank

$27.75

$2.25

8.8%
NCM Newcrest Mining

$29.15

-$1.10

-3.6%
ORG Origin Energy

$15.25

$0.78

5.4%
QBE QBE Insurance Group

$21.20

$0.15

0.7%
RIO Rio Tinto Limited

$59.99

-$0.58

-1.0%
SUN Suncorp - Metway

$8.06

$0.16

2.0%
TLS Telstra Corporation

$3.60

$0.08

2.3%
WBC Westpac Banking Corp

$24.40

$1.57

6.9%
WDC Westfield Group

$12.06

-$0.44

-3.5%
WES Wesfarmers Limited

$25.60

$0.92

3.7%
WOW Woolworths Limited

$27.30

$0.60

2.2%
WPL Woodside Petroleum

$44.15

$0.40

0.9%

The Wrap

It seems there is no end to this rally global markets are currently experiencing. They’re going from strength to strength with the Aussie market now up for a fifth straight week. Last week the All Ordinaries finished higher by 3.8% closing at 4,465.1 points whilst the benchmark ASX 200 also closed higher by 3.8% settling at 4,461.0 points. In the past five weeks our market has amassed a staggering 17%!!!

The standout stars last week were clearly the major banks!

ANZ finished up 7.0% to $20.74
CBA finished up 5.8% $47.02
Macquarie finished up 6.9% to $47.01
NAB finished up 8.8% to $27.75
WBC finished up 6.9% to $24.40

The major miners, BHP Billiton, RIO Tinto and Woodside Petroleum all had a relatively flat week closing virtually unchanged.

The burning question is whether or not equity markets can continue to rise over the short term. With such a stellar rise in recent times, it is very possible our market could experience a minor correction; perhaps somewhere in the order of 5% to 8%. With the broader economy continuing to recover, any pullback should see investors accumulate quality assets for the long term.

 

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