Weekly ProWrap ProAcct

Summary for the week ending October 30, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,646.9

-212.8

-4.4%
XJO ASX 200

4,643.2

-216.2

-4.4%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP

AMP Limited

$5.95

-$0.43

-6.7%
ANZ ANZ Banking Group Limited

$23.06

-$0.79

-3.3%
BHP BHP Billiton Limited

$37.45

-$2.75

-6.8%
BXB Brambles Limited

$7.12

-$0.16

-2.2%
CBA

Commonwealth Bank

$52.25

-$3.99

-7.1%
CSL CSL Limited

$31.50

-$0.67

-2.1%
FGL Foster's Group

$5.49

-$0.09

-1.6%
MQG Macquarie Group Limited

$50.00

-$3.24

-6.1%
NAB National Aust. Bank

$29.85

-$1.06

-3.4%
NCM

Newcrest Mining

$32.30

-$3.17

-8.9%
ORG Origin Energy

$16.07

-$0.41

-2.5%
QBE QBE Insurance Group

$22.77

-$0.68

-2.9%
RIO Rio Tinto Limited

$63.78

-$3.72

-5.5%
SUN

Suncorp - Metway

$8.66

-$0.74

-7.9%
TLS Telstra Corporation

$3.32

$0.13

4.1%
WBC Westpac Banking Corp

$26.37

-$0.93

-3.4%
WDC

Westfield Group

$12.27

-$0.90

-6.8%
WES Wesfarmers Limited

$28.09

-$0.17

-0.6%
WOW Woolworths Limited

$28.63

-$0.68

-2.3%
WPL Woodside Petroleum

$47.70

-$4.10

-7.9%

The Wrap

The Australian market was sold off last week despite Friday’s 1.5% gain on the back of some very positive GDP figures released in the US. Both the All Ordinaries and the ASX 200 fell 4.4% to close below 4,650 points after having traded above 4,850 the previous week. No sector was spared as the market heavy weights all fell sharply.

The banking sector along with the world’s largest miners were all marked down as global markets retreated last week.

Banks
ANZ finished down 3.3% to $23.06
CBA finished down 7.1% to $52.25
Macquarie finished down 6.1% to $50.00
NAB finished down 3.4% to $29.85
WBC finished down 3.4% to $26.37

Resources
BHP finished down 6.8% to $37.45
RIO Tinto finished down 5.5% to $63.78
Woodside Petroleum finished down 7.9% to $47.70

After such a meteoric rise in equity markets around the world, a breather was no doubt in order. Our market will continue to consolidate as profit taking may be the common theme over the coming weeks.

 

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