Weekly ProWrap ProAcct

Summary for the week ending August 28, 2008

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,495.9

190.2

4.4%
XJO ASX 200

4,489.6

199.0

4.6%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.51

$0.54

9.0%
ANZ ANZ Banking Group Limited

$20.46

$1.43

7.5%
BHP BHP Billiton Limited

$37.85

$1.24

3.4%
BXB Brambles Limited

$7.34

$0.29

4.1%
CBA Commonwealth Bank

$45.15

$1.60

3.7%
CSL CSL Limited

$32.60

$0.41

1.3%
FGL Foster's Group

$5.47

$0.15

2.8%
MQG Maquarie Group Limited

$48.95

$4.37

9.8%
NAB National Aust. Bank

$27.81

$2.13

8.3%
NCM Newcrest Mining

$29.20

$0.65

2.3%
ORG Origin Energy

$15.38

$0.93

6.4%
QBE QBE Insurance Group

$23.10

-$0.02

-0.1%
RIO Rio Tinto Limited

$57.30

$0.99

1.8%
SUN Suncorp - Metway

$8.03

$0.59

7.9%
TLS

Telstra Corporation

$3.37

-$0.10

-2.9%
WBC Westpac Banking Corp

$24.31

$1.57

6.9%
WDC Westfield Group

$12.50

$1.05

9.2%
WES Wesfarmers Limited

$25.50

$0.35

1.4%
WOW Woolworths Limited

$28.30

$0.81

2.9%
WPL Woodside Petroleum

$49.70

$2.55

5.4%

The Wrap

Again the market rallied last week with both indices up strongly. The All Ordinaries rose 4.4% to close at 4,495.9 points whilst the ASX 200 finished up a healthy 4.6% closing at 4,489.6 points.

Our market enjoyed yet another broad based rally last week with both the major banks and the big miners rising solidly.

Banks
ANZ finished up 7.5% to $20.46
CBA finished up 3.7% $45.15
Macquarie finished up 9.8% to $48.95
NAB finished up 8.3% to $27.81
WBC finished up 6.9% to $24.31

Resources
BHP finished up 3.4% to $37.85
RIO Tinto finished up 1.8% $57.30
Woodside Petroleum finished up 5.4% to $49.70

Whilst I am well aware the market has continued to rally strongly over the past month, I still maintain a pullback is in order. As we head into September and October, a notoriously rocky period for the market, we may experience some overdue consolidation.

 

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