|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,758.9
|
-160.7
|
-4.1%
|
| XJO
|
ASX 200
|
3,773.2
|
-168.5
|
-4.3%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.17
|
-$0.08
|
-1.5%
|
| ANZ
|
ANZ Banking Group Limited
|
$15.27
|
-$1.22
|
-7.4%
|
| BHP
|
BHP Billiton Limited
|
$33.34
|
-$1.97
|
-5.6%
|
| BXB
|
Brambles Limited
|
$6.00
|
-$0.27
|
-4.3%
|
| CBA
|
Commonwealth Bank
|
$35.82
|
-$0.92
|
-2.5%
|
| CSL
|
CSL Limited
|
$31.49
|
-$0.06
|
-0.2%
|
| FGL
|
Foster's Group
|
$5.18
|
$0.04
|
0.8%
|
| MQG
|
Maquarie Group Limited
|
$34.60
|
-$0.90
|
-2.5%
|
| NAB
|
National Aust. Bank
|
$21.47
|
-$1.31
|
-5.8%
|
| NCM
|
Newcrest Mining
|
$29.51
|
-$0.59
|
-2.0%
|
| ORG
|
Origin Energy
|
$15.49
|
-$1.09
|
-6.6%
|
| QBE
|
QBE Insurance Group
|
$20.60
|
-$1.58
|
-7.1%
|
| RIO
|
Rio Tinto Limited
|
$61.88
|
-$9.72
|
-13.6%
|
| SUN
|
Suncorp - Metway
|
$6.28
|
-$0.07
|
-1.1%
|
| TLS
|
Telstra Corporation
|
$3.18
|
-$0.05
|
-1.5%
|
| WBC
|
Westpac Banking Corp
|
$20.45
|
-$0.15
|
-0.7%
|
| WDC
|
Westfield Group
|
$9.60
|
-$0.56
|
-5.5%
|
| WES
|
Wesfarmers Limited
|
$22.39
|
-$0.51
|
-2.2%
|
| WOW
|
Woolworths Limited
|
$25.84
|
-$0.32
|
-1.2%
|
| WPL
|
Woodside Petroleum
|
$43.49
|
-$0.41
|
-0.9%
|
After some genuinely solid rises over the last few weeks, our market was due for a pullback. After having risen to almost 4,000 points the previous week, the ASX 200 retreated 4.3% to 3773.2 points. The benchmark All Ordinaries also fell last week. It closed down 4.1% to 3758.9 points.
In a week that saw our nation’s budget plunge into a $57 billion deficit along with more Wall Street turmoil, it was always going to be difficult to finish in the black. The falls were across the board. The major banks and resource giants all fell quite heavily for the week.
All six major Australian banks fell last week. Leading the way was the ANZ; it was sold down 7.4% to close the week at $15.27. NAB wasn’t much better down 5.8% closing at $21.47. CBA, Macquarie Bank, Suncorp-Metway and WBC were all off between 1% and 2% for the week.
The miners were also marked down. Australia’s largest stock by market capitalisation BHP, fell sharply down 5.6% to close the week at $33.34. Its major competitor RIO Tinto, faired even worse. It was sold down 13.6% to close at 61.88. Oil giant Woodside Petroleum was also lower falling just under 1% to close at $43.49.
What to expect this week. It is possible a further pullback could be in store for the local market. Whilst it appears the worst may be behind us, a mild sell off is still feasible. For the long term investor however, any pullback should be viewed as an opportunity.
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