|
| INDEX CODE |
INDEX NAME |
CLOSING PRICE |
WEEKLY MOVE ($) |
WEEKLY MOVE (%) |
| XAO |
All Ordinaries |
3,894.4 |
-167.1 |
-4.1% |
| XJO |
ASX 200 |
3,899.6 |
-162.6 |
-4.0% |
| STOCK CODE |
COMPANY |
CLOSING PRICE |
WEEKLY MOVE ($) |
WEEKLY MOVE (%) |
| AMP |
AMP Limited |
$5.10 |
-$0.04 |
-0.8% |
| ANZ |
ANZ Banking Group Limited |
$16.55 |
-$0.75 |
-4.3% |
| BHP |
BHP Billiton Limited |
$34.70 |
-$3.34 |
-8.8% |
| BXB |
Brambles Limited |
$5.84 |
-$0.08 |
-1.4% |
| CBA |
Commonwealth Bank |
$38.50 |
$0.70 |
1.9% |
| CSL |
CSL Limited |
$31.55 |
$0.86 |
2.8% |
| FGL |
Foster's Group |
$5.15 |
-$0.07 |
-1.3% |
| MQG |
Maquarie Group Limited |
$37.25 |
-$1.91 |
-4.9% |
| NAB |
National Aust. Bank |
$22.10 |
$0.08 |
0.4% |
| NCM |
Newcrest Mining |
$31.10 |
-$0.90 |
-2.8% |
| ORG |
Origin Energy |
$14.34 |
-$0.79 |
-5.2% |
| QBE |
QBE Insurance Group |
$19.15 |
-$0.37 |
-1.9% |
| RIO |
Rio Tinto Limited |
$50.72 |
-$26.48 |
-34.3% |
| SUN |
Suncorp - Metway |
$6.35 |
-$0.41 |
-6.1% |
| TLS |
Telstra Corporation |
$3.28 |
-$0.05 |
-1.5% |
| WBC |
Westpac Banking Corp |
$20.11 |
$0.19 |
1.0% |
| WDC |
Westfield Group |
$11.01 |
-$0.67 |
-5.7% |
| WES |
Wesfarmers Limited |
$21.72 |
-$0.63 |
-2.8% |
| WOW |
Woolworths Limited |
$25.75 |
-$0.54 |
-2.1% |
| WPL |
Woodside Petroleum |
$41.61 |
-$1.27 |
-3.0% |
The Australian market retreated last week after 3 consecutive weeks of solid gains. The All Ordinaries index fell 4.1% or 167.1 points to close at 3,894.4. The ASX 200 index didn’t fair much better falling 4.0% or 162.6 points to close the week out at 3,899.6.
It is interesting to note that over the past month or so, our market rallied around 8.0% over the course of 3 weeks and lost half of that gain in the last week. In any case, after such a solid rise, a pullback in the market is a healthy outcome.
There wasn’t a lot of action in the banking sector although ANZ did lose more than 4% for the week to close at $16.55. The other majors all rose slightly with the CBA up 1.9% to $38.50, WBC up 1.0% to $20.11 and NAB up 0.4% to close at $22.10.
Mining giant BHP had a bad week shedding almost 9% to settle at $34.70. RIO Tinto had an even worse week falling more than 34.0%. However, it is important to note that RIO issued a rights issue during the week which exacerbated the movement in the share price. Regardless, it was severely marked down.
As we approach the end of the financial year, further consolidation of our market remains a possibility. However, we continue to view any pullback as a good opportunity for the long term investor. |
