|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
3,674.0
|
58.4
|
1.6%
|
| XJO
|
ASX 200
|
3,735.6
|
63.3
|
1.7%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.04
|
$0.19
|
3.9%
|
| ANZ
|
ANZ Banking Group Limited
|
$17.40
|
$0.85
|
5.1%
|
| BHP
|
BHP Billiton Limited
|
$34.60
|
$0.59
|
1.7%
|
| BXB
|
Brambles Limited
|
$5.17
|
-$0.07
|
-1.3%
|
| CBA
|
Commonwealth Bank
|
$36.06
|
$1.06
|
3.0%
|
| CSL
|
CSL Limited
|
$31.26
|
-$1.73
|
-5.2%
|
| FGL
|
Foster's Group
|
$5.04
|
-$0.06
|
-1.2%
|
| MQG
|
Maquarie Group Limited
|
$29.45
|
$3.99
|
15.7%
|
| NAB
|
National Aust. Bank
|
$22.84
|
$1.75
|
8.3%
|
| NCM
|
Newcrest Mining
|
$30.79
|
-$2.75
|
-8.2%
|
| ORG
|
Origin Energy
|
$15.28
|
$0.31
|
2.1%
|
| QBE
|
QBE Insurance Group
|
$19.06
|
-$0.68
|
-3.4%
|
| RIO
|
Rio Tinto Limited
|
$60.40
|
$3.52
|
6.2%
|
| SUN
|
Suncorp - Metway
|
$6.34
|
$0.20
|
3.3%
|
| TLS
|
Telstra Corporation
|
$3.07
|
-$0.18
|
-5.5%
|
| WBC
|
Westpac Banking Corp
|
$20.40
|
$1.26
|
6.6%
|
| WDC
|
Westfield Group
|
$10.06
|
-$0.24
|
-2.3%
|
| WES
|
Wesfarmers Limited
|
$19.34
|
$0.55
|
2.9%
|
| WOW
|
Woolworths Limited
|
$24.88
|
-$0.62
|
-2.4%
|
| WPL
|
Woodside Petroleum
|
$39.88
|
-$1.12
|
-2.7%
|
The month of March has seen an extremely bullish market emerge. Global markets around the world have all enjoyed solid gains for the period. This is the fourth straight week of gains for the local market. The All Ordinaries ended the week up 1.6% whilst the ASX 200 was firmer by 1.7%. March was one of the best months on record with the Aussie market up some 20%. Maybe a pattern is starting to emerge? Or perhaps markets in general have just been grossly oversold? In any case, any recovery is a welcomed relief.
Last week saw the financial's yet again lead the way with all the major banks achieving solid gains. Macquarie Bank was the standout up 15.7% for the week. NAB was also a solid performer. It gained more than 8%. ANZ, CBA and WBC were all higher ranging from 3% to 6%. March has proven to be a very good month for Australia’s banking sector with the its index up more than 20%.
Resources were a mixed bag. Both BHP and RIO Tinto were up for the week 1.7% and 6.2% respectively. However, Newcrest Mining and Woodside Petroleum lost ground. Newcrest fell more than 8% whilst Woodside dropped almost 3%.
With economists split over the decision to further reduce interest rates this week, markets will remain cautious. However, with investors feeling marginally more positive in recent times, it’s quite possible this market rally has further to go.
