|
|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
4,606.1
|
-108.7
|
-2.3%
|
| XJO
|
ASX 200
|
4,601.7
|
-111.6
|
-2.4%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$6.15
|
-$0.03
|
-0.5%
|
| ANZ
|
ANZ Banking Group Limited
|
$23.61
|
-$0.18
|
-0.8%
|
| BHP
|
BHP Billiton Limited
|
$36.20
|
-$1.35
|
-3.6%
|
| BXB
|
Brambles Limited
|
$7.78
|
-$0.21
|
-2.6%
|
| CBA
|
Commonwealth Bank
|
$50.00
|
-$1.30
|
-2.5%
|
| CSL
|
CSL Limited
|
$33.20
|
-$0.70
|
-2.1%
|
| FGL
|
Foster's Group
|
$5.54
|
-$0.20
|
-3.5%
|
| MQG
|
Macquarie Group Limited
|
$54.80
|
-$2.19
|
-3.8%
|
| NAB
|
National Aust. Bank
|
$29.85
|
-$0.57
|
-1.9%
|
| NCM
|
Newcrest Mining
|
$31.62
|
-$1.78
|
-5.3%
|
| ORG
|
Origin Energy
|
$16.00
|
-$0.15
|
-0.9%
|
| QBE
|
QBE Insurance Group
|
$23.50
|
-$0.60
|
-2.5%
|
| RIO
|
Rio Tinto Limited
|
$57.19
|
-$2.79
|
-4.7%
|
| SUN
|
Suncorp - Metway
|
$8.50
|
-$0.02
|
-0.2%
|
| TLS
|
Telstra Corporation
|
$3.22
|
-$0.03
|
-0.9%
|
| WBC
|
Westpac Banking Corp
|
$25.10
|
-$1.07
|
-4.1%
|
| WDC
|
Westfield Group
|
$13.16
|
-$0.34
|
-2.5%
|
| WES
|
Wesfarmers Limited
|
$25.51
|
-$1.15
|
-4.3%
|
| WOW
|
Woolworths Limited
|
$28.91
|
-$0.23
|
-0.8%
|
| WPL
|
Woodside Petroleum
|
$51.42
|
-$0.98
|
-1.9%
|
The Australian market lost ground last week falling for the first time in four weeks. Both benchmark indices were lower by around 2.3%. However, both did manage to settle above the 4,600 mark. Although not a major selloff, all 20 components of the ASX top 20 companies ended the week in the red.
Both the major banks and the mining giants all fell for the week however, the selloff was far from onerous given the stellar run these sectors have had in recent times.
Banks
ANZ finished down 0.8% to $23.61
CBA finished down 2.5% to $50.00
Macquarie finished down 3.8% to $54.80
NAB finished down 1.9% to $29.85
WBC finished down 4.1% to $25.10
Resources
BHP finished down 3.6% to $36.20
RIO Tinto finished down 4.7% to $57.19
Woodside Petroleum finished down 1.9% to $51.42
A pullback in our market has been well overdue. Last week saw what could be the beginning of a mild correction. Should it play out, long term value will emerge for investors.
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