Weekly ProWrap ProAcct

Summary for the week ending August 7, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,303.1

53.6

1.3%
XJO ASX 200

4,299.4

55.4

1.3%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.88

$0.26

4.6%
ANZ ANZ Banking Group Limited

$19.38

$0.85

4.6%
BHP BHP Billiton Limited

$38.00

$0.15

0.4%
BXB Brambles Limited

$6.00

$0.01

0.2%
CBA Commonwealth Bank

$44.45

$1.65

3.9%
CSL CSL Limited

$31.41

$0.86

2.8%
FGL Foster's Group

$5.34

-$0.05

-0.9%
MQG Maquarie Group Limited

$43.96

-$0.06

-0.1%
NAB National Aust. Bank

$25.50

$1.17

4.8%
NCM Newcrest Mining

$30.25

$0.25

0.8%
ORG Origin Energy

$14.47

-$0.03

-0.2%
QBE QBE Insurance Group

$21.05

$1.55

7.9%
RIO Rio Tinto Limited

$60.57

$0.17

0.3%
SUN Suncorp - Metway

$7.90

$0.80

11.3%
TLS Telstra Corporation

$3.52

-$0.01

-0.3%
WBC Westpac Banking Corp

$22.83

$1.14

5.3%
WDC Westfield Group

$12.50

$1.17

10.3%
WES Wesfarmers Limited

$24.68

-$1.17

-4.5%
WOW Woolworths Limited

$26.70

-$0.55

-2.0%
WPL Woodside Petroleum

$43.75

-$1.95

-4.3%

The Wrap

For a fourth straight week the Australian share market gained ground adding another 1.3% in value. In that time both the All Ordinaries and the ASX 200 have rallied some 500 points or 13%.

The All Ordinaries closed the week at 4,303.1 and the ASX 200 settled at 4299.4.

It has been an extraordinary period that has seen our market virtually rise in a straight line over the past month. A major contributing factor has been the better than expected reporting season in the US. Here too, companies are reporting solid results and have seen their share prices re-rated as a consequence.

The four major banks all rose last week adding to their recent gains. ANZ Bank firmed another $0.85 or 4.6% to close at $19.38. CBA rallied $1.65 or 3.9% to settle at $44.45. The NAB was stronger by $1.17 or 4.8% to finish the week at $25.50 and finally WBC was up by $1.14 or 5.3% to close at $22.83.

Mining giants BHP Billiton and RIO Tinto were more subdued with both companies ending the week little changed. The former closed up 0.4% to close at $38.00 even whilst the latter rose just 0.3% to finish at $60.57.

It is fair to expect our market will consolidate over the coming weeks given the stellar rise it has enjoyed.

 

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