Weekly ProWrap ProAcct

Summary for the week ending December 19, 2008

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

3,547.2

94.7

2.7%

XJO ASX 200

3,615.7

105.3

3.0%

Top 20 Stocks

STOCK CODE COMPANY

CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.45

$0.40

7.9%
ANZ ANZ Banking Group Limited

$14.64

$0.08

0.5%
BHP

BHP Billiton Limited

$29.92

$1.10

3.8%
BXB Brambles Limited

$7.10

$0.13

1.9%
CBA Commonwealth Bank

$27.80

-$0.35

-1.2%
CSL

CSL Limited

$31.75

$2.55

8.7%
FGL Foster's Group

$5.31

-$0.04

-0.7%
MQG Maquarie Group Limited

$28.57

$0.32

1.1%
NAB National Aust. Bank

$20.00

$0.90

4.7%
NCM Newcrest Mining

$33.50

$5.39

19.2%
QBE QBE Insurance Group

$25.90

$1.96

8.2%
RIO

Rio Tinto Limited

$39.01

$2.80

7.7%
ORG

Origin Energy

$15.87

-$0.05

-0.3%
SUN Suncorp - Metway

$8.06

$0.40

5.2%
TLS Telstra Corporation

$3.72

-$0.41

-9.9%
WBC Westpac Banking Corp

$17.31

$1.28

8.0%
WDC Westfield Group

$12.86

-$0.69

-5.1%
WES

Wesfarmers Limited

$17.39

$2.07

13.5%
WOW Woolworths Limited

$26.49

$1.49

6.0%
WPL Woodside Petroleum

$32.45

-$0.61

-1.8%

The Wrap

This week saw some confidence flow back into the market with the All Ordinaries up 2.7% and the ASX200 up 3.0%. The Australian market enjoyed a fairly solid rally on the back of both the recourses sector and the banking sector.

The financial's were all stronger bar the CBA which announced a $2.0B share placement. It ended the week down 1.2%.

ANZ edged higher by 0.5% and Macquarie by 1.1%. Some stronger performances were enjoyed by NAB, SUN and WBC. They were all big gainers for the week up by 4.7%, 5.2% and 8.0% respectively.

On the resources front, BHP had a solid week rising almost 4% for the week whilst its embattled competitor RIO Tinto also managed strong gains rising 7.7%. Gold producer Newcrest Mining soared this week to $33.50 up over 19%.

The year that is 2008 is almost over! And it would be fair to say that many investors can’t wait for the last trading day of the year. In what has truly been a testing year, share market pundits are eagerly willing the end to 2008 and nervously awaiting the start to 2009.

Merry Christmas from all the team at ProAcct. Here’s hoping for a prosperous 2009. See you next year.

 

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