Weekly ProWrap ProAcct

Summary for the week ending May 22, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

3,755.4

-3.5

-0.1%
XJO ASX 200

3,761.6

-11.6

-0.3%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.26

$0.09

1.7%
ANZ ANZ Banking Group Limited

$15.41

$0.14

0.9%
BHP BHP Billiton Limited

$33.46

$0.12

0.4%
BXB

Brambles Limited

$5.61

-$0.39

-6.5%
CBA

Commonwealth Bank

$35.51

-$0.31

-0.9%
CSL

CSL Limited

$30.89

-$0.60

-1.9%
FGL

Foster's Group

$4.95

-$0.23

-4.4%
MQG Maquarie Group Limited

$33.49

-$1.11

-3.2%
NAB National Aust. Bank

$21.76

$0.29

1.4%
NCM Newcrest Mining

$31.95

$2.44

8.3%
ORG Origin Energy

$14.90

-$0.59

-3.8%
QBE QBE Insurance Group

$20.95

$0.35

1.7%
RIO Rio Tinto Limited

$64.44

$2.56

4.1%
SUN

Suncorp - Metway

$6.25

-$0.03

-0.5%
TLS Telstra Corporation

$3.09

-$0.09

-2.8%
WBC Westpac Banking Corp

$19.38

-$1.07

-5.2%
WDC Westfield Group

$10.04

$0.44

4.6%
WES Wesfarmers Limited

$20.81

-$1.58

-7.1%
WOW Woolworths Limited

$25.83

-$0.01

0.0%
WPL Woodside Petroleum

$42.41

-$1.08

-2.5%

The Wrap

Last week saw the local market basically flat. It was a volatile week overseas with markets fluctuating wildly due to the economic new flows. Although we finished the week virtually even, our market also experienced a little fluctuation. The All Ordinaries finished down 0.1% whilst the ASX 200 was lower by 0.3%. Both indices have retreated some 2.5% since rising to nearly 4,000 points. So far, for the month of May, the local bourse has traded in a fairly narrow band.

The major banks were generally lower for the week with WBC the worst performer down 5.2% to $19.38. It did however, trade ex-dividend last week so the fall wasn’t all that drastic. Macquarie Bank was next in line down 3.2% to $33.49. ANZ and CBA traded in a tight band with both stocks little changed. They were up 0.9% to $15.41 and down 0.9% to $35.51 respectively. The best performer was the NAB rising a modest 1.4% to close at $21.76 for the week.

After RIO Tinto’s horror week a couple of weeks ago, it enjoyed somewhat of a recovery rising 4.1% to $64.44. Its major competitor, BHP also rose but only marginally by 0.4% to $33.46. Of the other mining giants, Woodside Petroleum fell 2.5% $42.41 whilst Newcrest Mining leaped a very healthy 8.3% to close at $31.95.

This week could bring with it more volatility as global markets continue to absorb the economic data.

 

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