Weekly ProWrap ProAcct

Summary for the week ending August 13, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,480.9

-105.4

-2.3%
XJO ASX 200

4,459.6

-106.5

-2.3%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.33

-$0.09

-1.7%
ANZ ANZ Banking Group Limited

$22.18

-$0.87

-3.8%
BHP BHP Billiton Limited

$40.40

-$0.73

-1.8%
BXB Brambles Limited

$5.23

-$0.18

-3.3%
CBA Commonwealth Bank

$51.48

-$1.11

-2.1%
CSL CSL Limited

$32.79

-$0.89

-2.6%
FGL Foster's Group

$5.72

$0.02

0.4%
MQG Macquarie Group Limited

$38.45

-$1.10

-2.8%
NAB National Aust. Bank

$23.87

-$1.16

-4.6%
NCM Newcrest Mining

$34.70

$0.20

0.6%
ORG

Origin Energy

$15.69

-$0.13

-0.8%
QBE QBE Insurance Group

$17.05

-$0.18

-1.0%
RIO Rio Tinto Limited

$71.43

-$1.77

-2.4%
SUN Suncorp - Metway

$7.99

-$0.24

-2.9%
TLS Telstra Corporation

$2.92

-$0.39

-11.8%
WBC Westpac Banking Corp

$22.52

-$1.10

-4.7%
WDC Westfield Group

$12.31

-$0.25

-2.0%
WES Wesfarmers Limited

$30.96

-$0.57

-1.8%
WOW Woolworths Limited

$26.74

$0.30

1.1%
WPL Woodside Petroleum

$41.51

-$0.80

-1.9%

The Wrap

The Aussie market came crashing down last week with a 2.3% dump after a negative lead from Wall Street. Markets were once again gripped with fear as panic of a double-dip recession reared its ugly head. The All Ordinaries settled at 4,481 whilst the ASX 200 closed at 4,459.

No sector was spared. Both the major banks and the mining giants all lost ground. Telstra was smashed nearly 12% for the week after it reported it has missing earnings expectations.

Banks
ANZ finished down 3.8% to $22.18
CBA finished down 2.1% to $51.48
Macquarie finished down 2.8% to $38.45
NAB finished down 4.6% at $23.87
WBC finished down 4.7% to $22.52

Resources
BHP finished down 1.8% to $40.40
RIO Tinto finished down 2.4% to $71.43
Woodside Petroleum down 1.9% to $41.51

We must remember however, that the Aussie market had risen for 5 consecutive weeks prior to last week. It really does look like a ranging market in the near term.

 

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