|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
4,479.0
|
153.2
|
3.5%
|
| XJO
|
ASX 200
|
4,457.5
|
152.1
|
3.5%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.65
|
0.28
|
5.2%
|
| ANZ
|
ANZ Banking Group Limited
|
$22.52
|
1.47
|
7.0%
|
| BHP
|
BHP Billiton Limited
|
$38.97
|
2.71
|
7.5%
|
| BXB
|
Brambles Limited
|
$6.54
|
-0.18
|
-2.7%
|
| CBA
|
Commonwealth Bank
|
$52.12
|
1.69
|
3.4%
|
| CSL
|
CSL Limited
|
$31.40
|
-0.25
|
-0.8%
|
| FGL
|
Foster's Group
|
$5.50
|
0.36
|
7.0%
|
| MQG
|
Macquarie Group Limited
|
$44.10
|
1.19
|
2.8%
|
| NAB
|
National Aust. Bank
|
$24.78
|
1.68
|
7.3%
|
| NCM
|
Newcrest Mining
|
$32.04
|
1.52
|
5.0%
|
| ORG
|
Origin Energy
|
$14.93
|
0.61
|
4.3%
|
| QBE
|
QBE Insurance Group
|
$19.62
|
-0.13
|
-0.7%
|
| RIO
|
Rio Tinto Limited
|
$68.20
|
7.22
|
11.8%
|
| SUN
|
Suncorp - Metway
|
$8.14
|
0.19
|
2.4%
|
| TLS
|
Telstra Corporation
|
$2.95
|
0.02
|
0.7%
|
| WBC
|
Westpac Banking Corp
|
$23.40
|
1.24
|
5.6%
|
| WDC
|
Westfield Group
|
$12.80
|
1.01
|
8.6%
|
| WES
|
Wesfarmers Limited
|
$28.90
|
0.57
|
2.0%
|
| WOW
|
Woolworths Limited
|
$26.41
|
0.14
|
0.5%
|
| WPL
|
Woodside Petroleum
|
$43.46
|
2.67
|
6.5%
|
The Australian market recovered some what last week. The ASX 200 was up 3.5% for the week and The All Ordinaries was up 3.5% as well. Most stocks had a gain for the week.
Banks
ANZ finished up 7.0% to $22.52
CBA finished up 3.4% to $52.12
NAB finished up 7.3% to $24.78
WBC finished up 5.6% to $23.40
Resources
BHP finished up 7.5% to $38.97
RIO finished down 11.8% to $68.20
Woodside Petroleum finished down 6.5% to $44.46
Although it’s too early to say the share market fall is over, we see it as part of a correction rather than the start of a new bear market. The global recovery is likely to remain on track, the profit outlook is positive, monetary conditions are already very easy, and shares are once again very cheap. Keep an eye on Europe as any news streaming from there could affect the markets.
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