Weekly ProWrap ProAcct

Summary for the week ending September 25, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,714.8

21.1

0.4%
XJO ASX 200

4,713.3

20.1

0.4%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.18

-$0.07

-1.1%
ANZ ANZ Banking Group Limited

$23.79

$0.61

2.6%
BHP

BHP Billiton Limited

$37.55

-$1.15

-3.0%
BXB Brambles Limited

$7.99

$0.20

2.6%
CBA Commonwealth Bank

$51.30

$2.21

4.5%
CSL CSL Limited

$33.90

-$0.15

-0.4%
FGL Foster's Group

$5.74

$0.08

1.4%
MQG Maquarie Group Limited

$56.99

$2.54

4.7%
NAB National Aust. Bank

$30.42

$0.56

1.9%
NCM Newcrest Mining

$33.40

-$0.85

-2.5%
ORG Origin Energy

$16.15

$0.46

2.9%
QBE QBE Insurance Group

$24.10

$0.40

1.7%
RIO

Rio Tinto Limited

$59.98

-$1.02

-1.7%
SUN Suncorp - Metway

$8.52

$0.34

4.2%
TLS Telstra Corporation

$3.25

$0.00

0.0%
WBC Westpac Banking Corp

$26.17

$1.26

5.1%
WDC Westfield Group

$13.50

-$0.07

-0.5%
WES Wesfarmers Limited

$26.66

$0.38

1.4%
WOW Woolworths Limited

$29.14

$0.19

0.7%
WPL Woodside Petroleum

$52.40

$1.75

3.5%

The Wrap

The Australian market rose for a third straight week with both benchmark indices rising 0.4% and closing above the 4,700 point mark.

It was a mixed week with the banks continuing to rise whilst resources generally fell away although Woodside Petroleum had yet another solid week.

Banks
ANZ finished up 2.6% to $23.79
CBA finished up 4.5% to $51.30
Macquarie finished up 4.7% to $56.99
NAB finished up 1.9% to $30.42
WBC finished up 5.1% to $26.17

Resources
BHP finished down 3.0% to $37.55
RIO Tinto finished down 1.7% to $59.98
Woodside Petroleum finished up 3.5% to $52.40

So what to make of this stellar run? Aussie stocks have enjoyed a meteoric rise gaining some 51% in value over the past 6 months. While we continue to view the local market as a good long term investment, we are still of the opinion a pullback in the near term is not only overdue, but necessary.

 

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