| INDEX CODE |
INDEX NAME |
CLOSING PRICE |
WEEKLY MOVE ($) |
WEEKLY MOVE (%) |
|
|
|
|
|
| XAO |
All Ordinaries |
3,944.8 |
5.3 |
0.1% |
| XJO |
ASX 200 |
3,970.8 |
10.1 |
0.3% |
| AMP |
AMP Limited |
$6.00 |
$0.11 |
1.9% |
| ANZ |
ANZ Banking Group Limited |
$16.85 |
$1.55 |
10.1% |
| BHP |
BHP Billiton Limited |
$24.59 |
-$3.15 |
-11.4% |
| BXB |
Brambles Limited |
$7.65 |
$0.25 |
3.4% |
| CBA |
Commonwealth Bank |
$41.41 |
$1.86 |
4.7% |
| CSL |
CSL Limited |
$35.76 |
-$0.89 |
-2.4% |
| FGL |
Foster's Group |
$5.26 |
-$0.09 |
-1.7% |
| MQG |
Maquarie Group Limited |
$31.36 |
$2.84 |
10.0% |
| NAB |
National Aust. Bank |
$21.60 |
$0.80 |
3.8% |
| NCM |
Newcrest Mining |
$22.70 |
-$2.94 |
-11.5% |
| QBE |
QBE Insurance Group |
$25.70 |
$1.40 |
5.8% |
| RIO |
Rio Tinto Limited |
$62.62 |
-$10.38 |
-14.2% |
| SGB |
St George Bank |
$28.44 |
$3.25 |
12.9% |
| SUN |
Suncorp - Metway |
$8.39 |
-$0.88 |
-9.5% |
| TLS |
Telstra Corporation |
$3.99 |
$0.09 |
2.3% |
| WBC |
Westpac Banking Corp |
$21.48 |
$1.29 |
6.4% |
| WDC |
Westfield Group |
$16.65 |
$1.87 |
12.7% |
| WES |
Wesfarmers Limited |
$19.94 |
-$1.81 |
-8.3% |
| WOW |
Woolworths Limited |
$26.45 |
$1.45 |
5.8% |
| WPL |
Woodside Petroleum |
$36.00 |
-$1.20 |
-3.2% |
Well if last week was one from hell this week hasn’t really faired much better. Whilst we were off to a positive start Monday and Tuesday, the market continued to sour as the week progressed. Still, our market did manage to remain flat for the week. The All Ordinaries were up just 5 points while the ASX200 managed to add 10 points. It was a case of resources down and banks up. BHP continued its decline falling 11% after having dropped nearly 9% last week. RIO fell 14% on top of the 18% it gave up last week and WPL slid 3%. The bank however faired much better with ANZ up 10%, CBA up nearly 5%, NAB up 4% and WBC up more than 6%. Westfield (WDC) was the star performer in its sector closing nearly 13% higher.
It was another tough week for equity markets around the world. After a massive spike on the DOW of some 900 points Monday night, Wednesday saw a reversal with a 700 point drop. European and Asian markets followed the US trend and in similar fashion to last week, no one was spared.
Volatility has continued to increase to unprecedented levels and as a result, investors have had to cope with the market’s huge (mood) swings.
We continue to believe the Australian share market represents excellent value for the long term investor. As I mentioned in last week’s wrap, at some point the value that has emerged WILL be respected.
