|
INDEX CODE
|
INDEX NAME
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| XAO
|
All Ordinaries
|
4,061.5
|
92.5
|
2.3%
|
| XJO
|
ASX 200
|
4,062.2
|
91.0
|
2.3%
|
|
STOCK CODE
|
COMPANY
|
CLOSING PRICE
|
WEEKLY MOVE ($)
|
WEEKLY MOVE (%)
|
| AMP
|
AMP Limited
|
$5.14
|
$0.27
|
5.5%
|
| ANZ
|
ANZ Banking Group Limited
|
$17.30
|
$1.00
|
6.1%
|
| BHP
|
BHP Billiton Limited
|
$38.04
|
-$0.14
|
-0.4%
|
| BXB
|
Brambles Limited
|
$5.92
|
-$0.09
|
-1.5%
|
| CBA
|
Commonwealth Bank
|
$37.80
|
$1.29
|
3.5%
|
| CSL
|
CSL Limited
|
$30.69
|
$1.71
|
5.9%
|
| FGL
|
Foster's Group
|
$5.22
|
$0.17
|
3.4%
|
| MQG
|
Maquarie Group Limited
|
$39.16
|
$2.28
|
6.2%
|
| NAB
|
National Aust. Bank
|
$22.02
|
$0.07
|
0.3%
|
| NCM
|
Newcrest Mining
|
$32.00
|
-$0.74
|
-2.3%
|
| ORG
|
Origin Energy
|
$15.13
|
$0.13
|
0.9%
|
| QBE
|
QBE Insurance Group
|
$19.52
|
$0.87
|
4.7%
|
| RIO
|
Rio Tinto Limited
|
$77.20
|
$4.71
|
6.5%
|
| SUN
|
Suncorp - Metway
|
$6.76
|
$0.47
|
7.5%
|
| TLS
|
Telstra Corporation
|
$3.33
|
$0.13
|
4.1%
|
| WBC
|
Westpac Banking Corp
|
$19.92
|
$0.69
|
3.6%
|
| WDC
|
Westfield Group
|
$11.68
|
$0.30
|
2.6%
|
| WES
|
Wesfarmers Limited
|
$22.35
|
$0.19
|
0.9%
|
| WOW
|
Woolworths Limited
|
$26.29
|
-$0.01
|
0.0%
|
| WPL
|
Woodside Petroleum
|
$42.88
|
$0.26
|
0.6%
|
The Australian equity market closed in positive territory for a third consecutive week. It broke above the psychological 4,000 point mark and managed to stay there. Both the All Ordinaries index and the ASX 200 closed 2.3% higher and both settled above 4,060 points.
Last week saw consumer confidence soar. It was the indicator’s largest spike in 22 years. Along with more positive market action overseas, it helped our local market rally above 4,000 points and close at an 8 month high.
Bank again had solid rises across the board. ANZ rose 6.1% to close at $17.30. Macquarie Bank was up 6.2% to close at $39.16. CBA edged higher 3.5% to close at $37.80 and WBC rose 3.6% to close the week out at $19.92. The star performer in the sector for the week however was Suncorp-Metway. It rose 7.5% to close at $6.76.
Resources have generally led this latest market rally although last week they were more subdued. BHP was fairly flat down just 0.4% to close at $38.04 and Newcrest Mining fell 2.3% to close at $32.00. Bucking the trend in the sector was Rio Tinto. It had another solid week up 6.5% settling at $77.20.
It has been such a stellar performance for our market in recent times that a profit taking pullback would not be a surprise. Furthermore, a period of consolidation may prove to be a healthy tonic for equities.
