Weekly ProWrap ProAcct

Summary for the week ending July 2, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,264.9

-174.5

-3.9%
XJO ASX 200

4,238.7

-174.3

-3.9%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.13

-$0.30

-5.5%

ANZ

ANZ Banking Group Limited

$20.86

-$1.61

-7.2%

BHP

BHP Billiton Limited

$37.09

-$1.71

-4.4%

BXB

Brambles Limited

$5.49

-$0.28

-4.9%

CBA

Commonwealth Bank

$47.73

-$2.27

-4.5%

CSL

CSL Limited

$32.49

-$0.08

-0.2%

FGL

Foster's Group

$5.57

-$0.12

-2.1%

MQG

Macquarie Group Limited

$36.00

-$3.50

-8.9%

NAB

National Aust. Bank

$23.06

-$0.74

-3.1%

NCM

Newcrest Mining

$34.24

-$1.76

-4.9%

ORG

Origin Energy

$14.83

-$0.22

-1.5%

QBE

QBE Insurance Group

$17.60

-$0.75

-4.1%

RIO

Rio Tinto Limited

$65.30

-$4.30

-6.2%

SUN

Suncorp - Metway

$7.95

-$0.19

-2.3%

TLS

Telstra Corporation

$3.13

-$0.17

-5.2%

WBC

Westpac Banking Corp

$20.96

-$0.79

-3.6%

WDC

Westfield Group

$12.22

-$0.09

-0.7%

WES

Wesfarmers Limited

$28.13

-$0.97

-3.3%

WOW

Woolworths Limited

$26.64

-$0.76

-2.8%

WPL

Woodside Petroleum

$41.00

-$2.28

-5.3%

The Wrap

Another miserable week with global markets a sea of red! Nothing was spared with the major banks and the miners smashed. Both the All Ordinaries and the ASX 200 fell almost 4.0% for the week.

Banks
ANZ finished down 7.2% to $20.86
CBA finished down 4.5% to $47.73
Macquarie finished down 8.9% to $36.00
NAB finished down 3.1% at $23.06
WBC finished down 3.6% to $20.96

Resources
BHP finished down 4.4% to $37.09
RIO Tinto finished down 6.2% to $65.30
Woodside Petroleum down 5.3% to $41.00

Again we have to ask the question, where to from here? With the local market down some 800 point or 16%, it will take investors with nerves of steel of jump in and buy stocks. However, valuations have become quite compelling and opportunities for long term investors are appearing.

 

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