Weekly ProWrap ProAcct

Summary for the week ending June 11, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,516.5

44.1

1.0%
XJO ASX 200

4,505.5

56.1

1.3%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.67

-$0.13

-2.2%
ANZ ANZ Banking Group Limited

$23.04

$0.40

1.8%
BHP

BHP Billiton Limited

$38.58

$0.71

1.9%
BXB Brambles Limited

$6.15

-$0.34

-5.2%
CBA Commonwealth Bank

$52.50

$1.03

2.0%
CSL CSL Limited

$33.77

$0.95

2.9%
FGL Foster's Group

$5.76

$0.11

1.9%
MQG Macquarie Group Limited

$44.72

$0.47

1.1%
NAB National Aust. Bank

$24.71

$0.35

1.4%
NCM Newcrest Mining

$34.35

$1.94

6.0%
ORG Origin Energy

$15.53

$0.22

1.4%
QBE QBE Insurance Group

$19.10

$0.09

0.5%
RIO Rio Tinto Limited

$69.10

$1.51

2.2%
SUN Suncorp - Metway

$8.35

$0.14

1.7%
TLS Telstra Corporation

$3.19

$0.09

2.9%
WBC Westpac Banking Corp

$23.43

$0.67

2.9%
WDC Westfield Group

$12.86

-$0.01

-0.1%
WES Wesfarmers Limited

$28.82

-$0.27

-0.9%
WOW Woolworths Limited

$27.64

$0.63

2.3%
WPL Woodside Petroleum

$45.22

$1.23

2.8%

The Wrap

The Australian market rose last week with the All Ordinaries posting a 1% gain and the ASX 200 1.3%.  It’s been a rocky road the last 6 weeks with markets very much undecided as to which way to go.  Unfortunately, in times of uncertainty markets generally trade lower.

Gains were enjoyed across the board with both the big banks and the miners posting solid gains.

Banks
ANZ finished up 1.8% to $23.04
CBA finished up 2.0% to $52.50
Macquarie finished up 1.1% to $44.72
NAB finished up 1.4% at $24.71
WBC finished up 2.9% to $23.43

Resources
BHP finished up 1.9% to $38.58
RIO Tinto finished up 2.2% to $69.10
Woodside Petroleum up 2.8% to $45.22

So what does the future hold; once the uncertainty is removed, it is likely our market will return to its recent high of around 5,000.  In the short term however, volatility is likely to persist.

 

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