Weekly ProWrap ProAcct

Summary for the week ending July 31, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,249.5

152.2

3.7%
XJO ASX 200

4,244.0

154.2

3.8%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.62

$0.57

11.3%
ANZ ANZ Banking Group Limited

$18.53

$1.58

9.3%
BHP BHP Billiton Limited

$37.85

$0.34 0.9%
BXB Brambles Limited

$5.99

-$0.01

-0.2%
CBA Commonwealth Bank

$42.80

$3.05

7.7%
CSL CSL Limited

$30.55

$1.06

3.6%
FGL Foster's Group

$5.39

-$0.13

-2.4%
MQG Maquarie Group Limited

$44.02

$4.02

10.1%
NAB National Aust. Bank

$24.33

$2.06

9.3%
NCM Newcrest Mining

$30.00

-$0.68

-2.2%
ORG Origin Energy

$14.50

-$0.34

-2.3%
QBE QBE Insurance Group

$19.50

$0.12

0.6%
RIO Rio Tinto Limited

$60.40

$2.85

5.0%
SUN Suncorp - Metway

$7.10

$0.25

3.6%
TLS Telstra Corporation

$3.53

$0.06

1.7%
WBC Westpac Banking Corp

$21.69

$1.60

8.0%
WDC Westfield Group

$11.33

$0.08

0.7%
WES Wesfarmers Limited

$25.85

$0.63

2.5%
WOW Woolworths Limited

$27.25

$1.14

4.4%
WPL Woodside Petroleum

$45.70

$1.21

2.7%

The Wrap

Last week saw yet another large move for the local bourse. The past 21 days have been quite an extraordinary period for the ASX. Stocks have risen solidly producing a 12% gain for the benchmark indices. The All Ordinaries closed more than 150 points higher to close at 4,249.5 whilst the ASX 200 closed at 4,244.0, up by a similar amount.

The big movers for the week were the heavyweight banks. They ALL rose sharply! The six majors, all represented in the ASX Top 20, had their best week in quite some time.

ANZ up $1.58 to $18.53 (9.3% for the week)CBA up $3.05 to $42.80 (7.7% for the week)Macquarie Bank up $4.02 to $44.02 (10.1% for the week)NAB up $2.06 to $24.33 (9.3% for the week)Suncorp - Metway up $0.25 to $7.10 (3.6% for the week)WBC up $1.60 to $21.69 (8.0% for the week)

Resources were outperformed last week with BHP up less than 1% to $37.85 and RIO Tinto 5% to close the week out at $60.40.

This week's challenge for the market will be to maintain its recent gains. However, I still believe we are due for a pullback.

 

Account Payment
Make an appointment with ProAcct team member

Newsletter Subscription
ProAcct Business Network
FootyTipping Competition

Update your details