|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,496.7
|
89.2
|
2.6%
|
| XJO
|
ASX 200
|
3,559.1
|
89.2
|
2.6%
|
| AMP
|
AMP Limited
|
$5.20
|
$0.11
|
2.2%
|
| ANZ
|
ANZ Banking Group Limited
|
$12.96
|
$0.66
|
5.4%
|
| BHP
|
BHP Billiton Limited
|
$32.70
|
$0.47
|
1.5%
|
| BXB
|
Brambles Limited
|
$6.40
|
$0.10
|
1.6%
|
| CBA
|
Commonwealth Bank
|
$31.40
|
$1.70
|
5.7%
|
| CSL
|
CSL Limited
|
$36.00
|
-$0.70
|
-1.9%
|
| FGL
|
Foster's Group
|
$5.40
|
$0.15
|
2.9%
|
| MQG
|
Maquarie Group Limited
|
$24.08
|
$0.69
|
2.9%
|
| NAB
|
National Aust. Bank
|
$18.45
|
-$0.05
|
-0.3%
|
| NCM
|
Newcrest Mining
|
$34.67
|
$2.79
|
8.8%
|
| ORG
|
Origin Energy
|
$13.70
|
-$0.30
|
-2.1%
|
| QBE
|
QBE Insurance Group
|
$23.86
|
$0.72
|
3.1%
|
| RIO
|
Rio Tinto Limited
|
$51.00
|
$4.25
|
9.1%
|
| SUN
|
Suncorp - Metway
|
$5.73
|
-$1.40
|
-19.6%
|
| TLS
|
Telstra Corporation
|
$3.67
|
-$0.04
|
-1.1%
|
| WBC
|
Westpac Banking Corp
|
$16.95
|
$0.45
|
2.7%
|
| WDC
|
Westfield Group
|
$10.77
|
$0.17
|
1.6%
|
| WES
|
Wesfarmers Limited
|
$16.15
|
$0.65
|
4.2%
|
| WOW
|
Woolworths Limited
|
$27.80
|
-$0.15
|
-0.5%
|
| WPL
|
Woodside Petroleum
|
$32.90
|
$0.90
|
2.8%
|
Although there were a number of choppy sessions, last week did manage to see both the All Ordinaries and the ASX 200 up 2.6%. There were modest gains across the board with both the major resources and banks leading the way.
The big Australian, BHP edged higher 1.5% whilst oil giant Woodside Petroleum was firmer by almost 3%. There were some solid gains enjoyed by Newcrest Mining up a healthy 8.8% and RIO Tinto more than 9%. In the midst of all this global economic uncertainty, it is likely Australian resources will continue to trade with the volatility that we have experienced over the last year or so.
On the banking front, most majors finished the week firmer. WBC was higher by 2.7%. The ANZ rose by 5.4% and CBA had solids gains rising 5.7%. NAB was basically flat for the week edging lower just 0.3%. However, SunCorp Metway was marked down severely due to an imminent capital raising. It saw its shares sold down by almost 20% for the week.
Stimulus packages across the world are being initiated by fearful governments in order to limit the extent of their nations’ imminent recessions. There is no doubt global stock markets have priced in a severe downturn however, it is also quite possible to see our market rally strongly should the short term economic numbers not be as bad as expected.
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