Weekly ProWrap ProAcct

Summary for the week ending October 9, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,754.5

148.4

3.2%
XJO ASX 200

4,752.9

151.2

3.3%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.79

$0.64

10.4%
ANZ ANZ Banking Group Limited

$24.62

$1.01

4.3%
BHP BHP Billiton Limited

$37.85

$1.65

4.6%
BXB Brambles Limited

$7.10

-$0.68

-8.7%
CBA Commonwealth Bank

$53.16

$3.16

6.3%
CSL CSL Limited

$31.82

-$1.38

-4.2%
FGL Foster's Group

$5.61

$0.07

1.3%
MQG Macquarie Group Limited

$57.40

$2.60

4.7%
NAB National Aust. Bank

$31.60

$1.75

5.9%
NCM Newcrest Mining

$35.72

$4.10

13.0%
ORG Origin Energy

$16.18

$0.18

1.1%
QBE QBE Insurance Group

$22.80

-$0.70

-3.0%
RIO Rio Tinto Limited

$61.50

$4.31

7.5%
SUN Suncorp - Metway

$9.08

$0.58

6.8%
TLS Telstra Corporation

$3.16

-$0.06

-1.9%
WBC Westpac Banking Corp

$26.12

$1.02

4.1%
WDC Westfield Group

$13.30

$0.14

1.1%
WES Wesfarmers Limited

$26.30

$0.79

3.1%
WOW Woolworths Limited

$28.85

-$0.06

-0.2%
WPL Woodside Petroleum

$50.57

-$0.85

-1.7%

The Wrap

Again the market rallied after falling 2.4% the previous week. Both the All Ordinaries and the ASX 200 rocketed 3.3% last week thanks to solid performances form both the banking sector and the mining giants. Both indices closed above the 4,750 point mark. It seems there is no limit how high this market can go! Fund managers clearly don’t want to remain in cash and miss this bull market rally.

Whilst the miners had a good week, it was once again the big banks that lead the way.

Banks
ANZ finished up 4.3% to $24.62
CBA finished up 6.3% to $53.16
Macquarie finished up 4.7% to $57.40
NAB finished up 5.9% to $31.60
WBC finished up 4.1% to $26.12

Resources
BHP finished up 4.6% to $37.85
RIO Tinto finished up 7.5% to $61.50
Woodside Petroleum finished down 1.7% to $50.57

A breather is surely due… if not this week or the week after then perhaps the week after next. In any case, we continue to believe any pullback will present solid long term buying opportunities.

 

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