|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,919.6
|
181.7
|
4.9%
|
| XJO
|
ASX 200
|
3,941.7
|
172.1
|
4.6%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.25
|
$0.13
|
2.5%
|
| ANZ
|
ANZ Banking Group Limited
|
$16.49
|
$0.49
|
3.1%
|
| BHP
|
BHP Billiton Limited
|
$35.31
|
$2.31
|
7.0%
|
| BXB
|
Brambles Limited
|
$6.27
|
$0.29
|
4.8%
|
| CBA
|
Commonwealth Bank
|
$36.74
|
$1.69
|
4.8%
|
| CSL
|
CSL Limited
|
$31.55
|
-$2.86
|
-8.3%
|
| FGL
|
Foster's Group
|
$5.14
|
-$0.04
|
-0.8%
|
| MQG
|
Maquarie Group Limited
|
$35.50
|
$2.02
|
6.0%
|
| NAB
|
National Aust. Bank
|
$22.78
|
$2.02
|
9.7%
|
| NCM
|
Newcrest Mining
|
$30.10
|
$0.05
|
0.2%
|
| ORG
|
Origin Energy
|
$16.58
|
$0.18
|
1.1%
|
| QBE
|
QBE Insurance Group
|
$22.18
|
$0.54
|
2.5%
|
| RIO
|
Rio Tinto Limited
|
$71.60
|
$7.42
|
11.6%
|
| SUN
|
Suncorp - Metway
|
$6.35
|
$0.72
|
12.8%
|
| TLS
|
Telstra Corporation
|
$3.23
|
-$0.13
|
-3.9%
|
| WBC
|
Westpac Banking Corp
|
$20.60
|
$1.65
|
8.7%
|
| WDC
|
Westfield Group
|
$10.16
|
-$0.37
|
-3.5%
|
| WES
|
Wesfarmers Limited
|
$22.90
|
$0.20
|
0.9%
|
| WOW
|
Woolworths Limited
|
$26.16
|
-$0.26
|
-1.0%
|
| WPL
|
Woodside Petroleum
|
$43.90
|
$5.48
|
14.3%
|
The Australian share market had a stellar week last week; especially when you compare it to its previous performances. The All Ordinaries rose a very healthy 4.9% whilst the ASX 200 rose 4.6%. In a week that saw the Reserve Bank of Australia (RBA) leave interest rates on hold at 3.0% and unemployment fall from 5.7% to 5.4%, the equity market was up strongly. It responded positively to both the RBA’s decision and the employment data.
Major banks again led the way with all the big four up significantly for the week. ANZ was up 3.1%, CBA rose almost 5%, NAB put in a stellar performance up almost 10% for the week and WBC wasn’t too far behind rising nearly 9%. Macquarie Bank also had a good week up 6% but the star performer was without doubt Suncorp-Metway; it jumped almost 13%. Banks in recent times have outperformed the market although they were the underperformers when the market fell away some 50%.
Resources also performed well last week with both BHP and RIO Tinto rising solidly. They were up 7% and 11.6% respectively. Woodside Petroleum however, was the sector’s best performer; it rose a very healthy 14.3%. It appears the resources sector’s spots have also changed for the interim.
What to make of the recent rally in equity markets? Given the strong rally in the Aussie market; some 27% from its recent 3100 low, stocks are set for a pullback. We may not however revisit the lows although after such a strong rally, a pause is likely.
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