|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
4,305.7
|
-159.4
|
-3.6%
|
| XJO
|
ASX 200
|
4,290.6
|
-170.4
|
-3.8%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.97
|
-$0.16
|
-2.6%
|
| ANZ
|
ANZ Banking Group Limited
|
$19.03
|
-$1.71
|
-8.2%
|
| BHP
|
BHP Billiton Limited
|
$36.61
|
-$1.65
|
-4.3%
|
| BXB
|
Brambles Limited
|
$7.05
|
$0.23
|
3.4%
|
| CBA
|
Commonwealth Bank
|
$43.55
|
-$3.47
|
-7.4%
|
| CSL
|
CSL Limited
|
$32.19
|
-$0.83
|
-2.5%
|
| FGL
|
Foster's Group
|
$5.32
|
-$0.03
|
-0.6%
|
| MQG
|
Maquarie Group Limited
|
$44.58
|
-$2.43
|
-5.2%
|
| NAB
|
National Aust. Bank
|
$25.68
|
-$2.07
|
-7.5%
|
| NCM
|
Newcrest Mining
|
$28.55
|
-$0.60
|
-2.1%
|
| ORG
|
Origin Energy
|
$14.45
|
-$0.80
|
-5.2%
|
| QBE
|
QBE Insurance Group
|
$23.12
|
$1.92
|
9.1%
|
| RIO
|
Rio Tinto Limited
|
$56.31
|
-$3.68
|
-6.1%
|
| SUN
|
Suncorp - Metway
|
$7.44
|
-$0.62
|
-7.7%
|
| TLS
|
Telstra Corporation
|
$3.47
|
-$0.13
|
-3.6%
|
| WBC
|
Westpac Banking Corp
|
$22.74
|
-$1.66
|
-6.8%
|
| WDC
|
Westfield Group
|
$11.45
|
-$0.61
|
-5.1%
|
| WES
|
Wesfarmers Limited
|
$25.15
|
-$0.45
|
-1.8%
|
| WOW
|
Woolworths Limited
|
$27.49
|
$0.19
|
0.7%
|
| WPL
|
Woodside Petroleum
|
$47.15
|
$3.00
|
6.8%
|
Two weeks ago, the local market moved 160 points higher. Last week it faltered 170 points. The ASX 200 index finished below 4,300 settling at 4,290.6 whilst the All Ordinaries closed slightly higher at 4,305.7 points. Both indices were down around 3.7% for the week.
After such a dramatic run up of some 17% virtually in a straight line, it was high time our market took a breather. As a result, profit taking kicked in and the broader market suffered its first negative week in a month and a half.
The major banks, winners two weeks ago were clearly the losers last week.
ANZ finished down 8.2% to $19.03
CBA finished down 7.4% to $43.55
Macquarie finished down 5.2% to $44.58
NAB finished down 7.5% to $25.68
WBC finished down 6.8% to $22.74
The major miners BHP Billiton and RIO Tinto weren’t spared. BHP fell 4.3% to close at $36.61 whilst RIO Tinto fell 6.1% to close at $56.31. Woodside Petroleum bucked the trend however, rising an impressive 6.8% or $3.00 for the week to settle at $47.15.
It is possible that further consolidation could be seen in our market. Any pullback should continue to be viewed as a long term buying opportunity.
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