|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,728.1
|
110.6
|
3.1%
|
| XJO
|
ASX 200
|
3,776.7
|
105.1
|
2.9%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.44
|
$0.20
|
3.8%
|
| ANZ
|
ANZ Banking Group Limited
|
$16.70
|
$0.08
|
0.5%
|
| BHP
|
BHP Billiton Limited
|
$33.41
|
$0.96
|
3.0%
|
| BXB
|
Brambles Limited
|
$5.85
|
$0.76
|
14.9%
|
| CBA
|
Commonwealth Bank
|
$37.00
|
$1.40
|
3.9%
|
| CSL
|
CSL Limited
|
$32.72
|
$1.02
|
3.2%
|
| FGL
|
Foster's Group
|
$4.95
|
-$0.14
|
-2.8%
|
| MQG
|
Maquarie Group Limited
|
$30.80
|
$1.91
|
6.6%
|
| NAB
|
National Aust. Bank
|
$22.14
|
$0.29
|
1.3%
|
| NCM
|
Newcrest Mining
|
$28.03
|
-$1.07
|
-3.7%
|
| ORG
|
Origin Energy
|
$15.53
|
$0.10
|
0.6%
|
| QBE
|
QBE Insurance Group
|
$20.55
|
$1.43
|
7.5%
|
| RIO
|
Rio Tinto Limited
|
$59.12
|
$5.52
|
10.3%
|
| SUN
|
Suncorp - Metway
|
$6.50
|
$0.23
|
3.7%
|
| TLS
|
Telstra Corporation
|
$3.19
|
-$0.07
|
-2.1%
|
| WBC
|
Westpac Banking Corp
|
$20.22
|
$0.22
|
1.1%
|
| WDC
|
Westfield Group
|
$10.92
|
$0.35
|
3.3%
|
| WES
|
Wesfarmers Limited
|
$21.25
|
$2.25
|
11.8%
|
| WOW
|
Woolworths Limited
|
$25.88
|
$0.28
|
1.1%
|
| WPL
|
Woodside Petroleum
|
$38.11
|
-$0.58
|
-1.5%
|
Our market enjoyed its fifth positive finish in six weeks last week. Barring an unforeseen catastrophe, it is quite possible global markets are bottoming out. Although having said that, after such a strong performance over the past six weeks, the likelihood of a pullback has increased.
With a little positive news (and I mean a very little) starting to flow through, a pullback may not be all that severe and it could in fact provide a good buying opportunity for long term investors. Last week saw the All Ordinaries rise more than 3% and the ASX 200 around the same amount. Despite this strong rally in recent time, our equity market is down a staggering 45% from in November 2007 high.
It was virtually a flat week for the big banks. CBA was the best performer up nearly 4%. ANZ, NAB and WBC were basically unchanged for the week. Macquarie Bank faired a little better up 6.6% last week and almost doubling in value over the past month and a half.
Wesfarmers and Brambles also put in solid performances for the week. They rocketed 11.8% and 14.9% respectively. Mining giant BHP faired well edging up 3.3% whilst its major rival RIO Tinto had a very good week up by more than 10%.
This week will be an important one for our market as US company earnings will dominate the headlines. Providing there as no nasty surprises, global markets will likely continue to firm. Happy investing!
