Weekly ProWrap ProAcct

Summary for the week ending May 1, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

3,737.9

69.6

1.9%
XJO ASX 200

3,769.6

57.3

1.5%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.12

-$0.13

-2.5%
ANZ ANZ Banking Group Limited

$16.00

-$0.91

-5.4%
BHP BHP Billiton Limited

$33.00

$0.95

3.0%
BXB

Brambles Limited

$5.98

$0.25

4.4%
CBA Commonwealth Bank

$35.05

-$0.91

-2.5%
CSL

CSL Limited

$34.41

$1.92

5.9%
FGL Foster's Group

$5.18

$0.10

2.0%
MQG Maquarie Group Limited

$33.48

$1.64

5.2%
NAB

National Aust. Bank

$20.76

-$1.49

-6.7%
NCM Newcrest Mining

$30.05

-$0.45

-1.5%
ORG Origin Energy

$16.40

$0.31

1.9%
QBE QBE Insurance Group

$21.64

$0.85

4.1%
RIO Rio Tinto Limited

$64.18

$4.30

7.2%
SUN Suncorp - Metway

$5.63

-$0.25

-4.3%
TLS Telstra Corporation

$3.36

$0.11

3.4%
WBC

Westpac Banking Corp

$18.95

-$1.27

-6.3%
WDC

Westfield Group

$10.53

$0.30

2.9%
WES

Wesfarmers Limited

$22.70

$1.50

7.1%
WOW Woolworths Limited

$26.42

$0.08

0.3%
WPL Woodside Petroleum

$38.42

$0.62

1.6%

The Wrap

The local market had a better week last week. The All Ordinaries rose 1.9% whilst the ASX 200 was up by 1.5%. It was a mixed week that saw the banks fall and resources rise. On the whole, volatility in global markets has abated although it is quite clear that the economic indicators being released continue to point to a protracted recession.

Australia’s major banks all suffered losses last week on the back of fairly average reports from the NAB, ANZ and Macquarie Bank. NAB fell almost 7% whilst ANZ lost more than 5%. WBC also lost ground shedding 6.3% and Suncorp-Metway down by more than 4%. CBA faired best only down 2.5% for the week.

Alternatively, resources had a solid week with both mining giants BHP and RIO Tinto edging higher. They rose 3.0% and 7.2% respectively. Woodside Petroleum also enjoyed gains up by 1.6% for the week.

I guess there was some encouragement last week with US GDP coming in a lot worse than expected and global markets NOT falling over as a result. Perhaps much of the bad news really has been factored into the already battered share prices around the world.

 

Account Payment
Make an appointment with ProAcct team member

Newsletter Subscription
ProAcct Business Network
FootyTipping Competition

Update your details