|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,668.3
|
-59.8
|
-1.6%
|
| XJO
|
ASX 200
|
3,712.3
|
-64.4
|
-1.7%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.25
|
-$0.19
|
-3.5%
|
| ANZ
|
ANZ Banking Group Limited
|
$16.91
|
$0.21
|
1.3%
|
| BHP
|
BHP Billiton Limited
|
$32.05
|
-$1.36
|
-4.1%
|
| BXB
|
Brambles Limited
|
$5.73
|
-$0.12
|
-2.1%
|
| CBA
|
Commonwealth Bank
|
$35.96
|
-$1.04
|
-2.8%
|
| CSL
|
CSL Limited
|
$32.49
|
-$0.23
|
-0.7%
|
| FGL
|
Foster's Group
|
$5.08
|
$0.13
|
2.6%
|
| MQG
|
Maquarie Group Limited
|
$31.84
|
$1.04
|
3.4%
|
| NAB
|
National Aust. Bank
|
$22.25
|
$0.11
|
0.5%
|
| NCM
|
Newcrest Mining
|
$30.50
|
$2.47
|
8.8%
|
| ORG
|
Origin Energy
|
$16.09
|
$0.56
|
3.6%
|
| QBE
|
QBE Insurance Group
|
$20.79
|
$0.24
|
1.2%
|
| RIO
|
Rio Tinto Limited
|
$59.88
|
$0.76
|
1.3%
|
| SUN
|
Suncorp - Metway
|
$5.88
|
-$0.62
|
-9.5%
|
| TLS
|
Telstra Corporation
|
$3.25
|
$0.06
|
1.9%
|
| WBC
|
Westpac Banking Corp
|
$20.22
|
$0.00
|
0.0%
|
| WDC
|
Westfield Group
|
$10.23
|
-$0.69
|
-6.3%
|
| WES
|
Wesfarmers Limited
|
$21.20
|
-$0.05
|
-0.2%
|
| WOW
|
Woolworths Limited
|
$26.34
|
$0.46
|
1.8%
|
| WPL
|
Woodside Petroleum
|
$37.80
|
-$0.31
|
-0.8%
|
The Australian share market ended the week in negative territory down a modest 1.6%. In what has been a strong performance over the last two months, a breather was inevitable. The benchmark ASX 200 faired only slightly worse down 1.7%. Aussie equities have rallied some 600 points or almost 20% from their February lows. Can this rally continue? Whilst there may be a natural pullback after such a strong rise, markets do appear to be stabilising.
Economic indicators pointing to a recession in Australia have continued to plague the local bourse. However, with plenty of bad news already out and stocks already having factored in some pretty grim times ahead, our market may very well be in a consolidation phase.
Last week saw the banking sector pretty flat. The big four hardly moved although CBA did fall nearly 3%. Of the smaller banking institutions, Suncorp-Metway had a very poor week falling 9.5%.
Resources had a mixed week with BHP down over 4%, RIO Tinto up just 1.3% and Newcrest Mining surging almost 9%.
Our market has been hovering around the 3,700 mark for a little while now and appears to be struggling to push through this level. If however, it is successful in doing so, it’s possible we could rally to 4,000 points; a level not seen in quite some time.
