Weekly ProWrap ProAcct

Summary for the week ending April 16, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

5,007.3

34.4

0.7%
XJO ASX 200

4,984.7

36.6

0.7%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.46

$0.09

1.4%
ANZ ANZ Banking Group Limited

$25.69

$0.54

2.1%
BHP BHP Billiton Limited

$43.54

-$0.36

-0.8%
BXB Brambles Limited

$7.32

$0.17

2.4%
CBA Commonwealth Bank

$59.83

$1.69

2.9%
CSL CSL Limited

$37.05

$1.05

2.9%
FGL Foster's Group

$5.46

-$0.02

-0.4%
MQG Macquarie Group Limited

$51.59

$2.22

4.5%
NAB National Aust. Bank

$28.37

$0.77

2.8%
NCM Newcrest Mining

$34.61

-$1.02

-2.9%
ORG Origin Energy

$16.50

-$0.37

-2.2%
QBE QBE Insurance Group

$22.10

$0.98

4.6%
RIO Rio Tinto Limited

$79.67

$0.20

0.3%
SUN Suncorp - Metway

$9.16

$0.40

4.6%
TLS Telstra Corporation

$3.13

$0.04

1.3%
WBC Westpac Banking Corp

$28.18

$0.46

1.7%
WDC Westfield Group

$12.55

$0.55

4.6%
WES Wesfarmers Limited

$32.39

$0.49

1.5%
WOW Woolworths Limited

$27.28

-$1.24

-4.3%
WPL Woodside Petroleum

$46.72

-$0.78

-1.6%

The Wrap

For the 10th consecutive week the Aussie market extended its gains. The All Ordinaries broke through the psychological 5,000 point mark whilst the ASX 200 also broke through briefly but closed just under the mark.

Banks were the star performers last week with all the majors posting solid gains. Resources were mixed with RIO Tinto edging slightly higher.

Banks
ANZ finished up 2.1% to $25.69
CBA finished up 2.9% to $59.83
Macquarie finished up 4.5% to $51.59
NAB finished up 2.8% at $28.37
WBC finished up 1.7% to $28.18

Resources
BHP finished down 0.8% to $43.54
RIO Tinto finished up 0.3% to $79.67
Woodside Petroleum down 1.6% to $46.72

After 10 weeks of gains in a row, the market must be due for a mild retracement at the very least. Any falls however will continue to provide investors with excellent long term buying opportunities.

 

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