| INDEX CODE |
INDEX NAME |
CLOSING PRICE |
WEEKLY MOVE ($) |
WEEKLY MOVE (%) |
| XAO |
All Ordinaries |
3,294.7 |
183.0 |
5.9% |
| XJO |
ASX 200 |
3,345.2 |
199.7 |
6.3% |
| AMP |
AMP Limited |
$4.15 |
$0.32 |
8.4% |
| ANZ |
ANZ Banking Group Limited |
$13.49 |
$1.13 |
9.1% |
| BHP |
BHP Billiton Limited |
$31.66 |
$4.01 |
14.5% |
| BXB |
Brambles Limited |
$4.95 |
$0.12 |
2.5% |
| CBA |
Commonwealth Bank |
$30.25 |
$3.25 |
12.0% |
| CSL |
CSL Limited |
$33.00 |
-$2.42 |
-6.8% |
| FGL |
Foster's Group |
$5.20 |
-$0.07 |
-1.3% |
| MQG |
Maquarie Group Limited |
$19.51 |
$2.25 |
13.0% |
| NAB |
National Aust. Bank |
$17.78 |
$0.98 |
5.8% |
| NCM |
Newcrest Mining |
$32.13 |
$1.06 |
3.4% |
| ORG |
Origin Energy |
$14.14 |
$0.54 |
4.0% |
| QBE |
QBE Insurance Group |
$16.87 |
$0.57 |
3.5% |
| RIO |
Rio Tinto Limited |
$52.02 |
$6.32 |
13.8% |
| SUN |
Suncorp - Metway |
$5.26 |
$0.31 |
6.3% |
| TLS |
Telstra Corporation |
$3.06 |
-$0.15 |
-4.7% |
| WBC |
Westpac Banking Corp |
$16.95 |
$1.25 |
8.0% |
| WDC |
Westfield Group |
$10.20 |
$1.00 |
10.9% |
| WES |
Wesfarmers Limited |
$18.28 |
$1.23 |
7.2% |
| WOW |
Woolworths Limited |
$24.57 |
-$1.42 |
-5.5% |
| WPL |
Woodside Petroleum |
$37.78 |
$2.23 |
6.3% |
At last a positive week for our local market. After a horrible start to the year, last week saw some solid returns with the All Ordinaries up almost 6.0% and the ASX 200 an even healthier 6.3%.
It was a broad based rally with Australia’s two big sectors, banking and resources, enjoying gains that have eluded them for some time. NAB and Suncorp-Metway both rose around 6.0% for the week whilst gained in value by 8.0%. ANZ’s positive week saw it rise over 9.0%. However, the star performers for the week were the CBA and Macquarie Bank. They rallied a massive 12.0% and 13.0% respectively.
Resources also enjoyed a solid week. Newcrest Mining was higher by 3.4% and Woodside Petroleum by more than 6.0%. However, Australia’s two mining giants were the standouts for the week. Rio Tinto had a big week up nearly 14.0% whilst its major competitor BHP saw its rise by 14.5%.
Have we seen the bottom? Surely this is the question on everyone’s lips. I’m skeptical. We’ve seen these false starts to many times over the past 18 months. However, we mustn’t forget our market has halved in value. That’s a massive correction. At some point, value will by seen by investors. As to when it is realised, I think the jury is still out.
