Weekly ProWrap ProAcct

Summary for the week ending March 26, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,905.2

15.1

0.3%
XJO ASX 200

4,896.9

24.7

0.5%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.34

$0.03

0.5%
ANZ ANZ Banking Group Limited

$25.45

$0.34

1.4%
BHP BHP Billiton Limited

$43.28

$0.08

0.2%
BXB Brambles Limited

$7.39

-$0.10

-1.3%
CBA Commonwealth Bank

$57.37

$1.16

2.1%
CSL CSL Limited

$36.63

$0.67

1.9%
FGL Foster's Group

$5.35

$0.01

0.2%
MQG Macquarie Group Limited

$49.90

$0.48

1.0%
NAB National Aust. Bank

$27.59

$0.69

2.6%
NCM Newcrest Mining

$32.94

-$0.75

-2.2%
ORG Origin Energy

$16.90

$0.42

2.5%
QBE QBE Insurance Group

$21.23

$0.27

1.3%
RIO Rio Tinto Limited

$78.32

$2.13

2.8%
SUN Suncorp - Metway

$8.61

$0.17

2.0%
TLS Telstra Corporation

$3.06

-$0.11

-3.5%
WBC Westpac Banking Corp

$27.98

$0.55

2.0%
WDC Westfield Group

$12.07

-$0.13

-1.1%
WES Wesfarmers Limited

$31.65

-$0.15

-0.5%
WOW Woolworths Limited

$28.63

-$0.15

-0.5%
WPL Woodside Petroleum

$46.92

$0.19

0.4%

The Wrap

For a seventh straight week the Australian share market has risen in value. The All Ordinaries added another 0.3% last week whilst the ASX 200 rose 0.5%.

Gains were enjoyed across the board with both the miners and the banks rallying.

Banks
ANZ finished up 1.4% to $25.45
CBA finished up 2.1% to $57.37
Macquarie finished up 1.0% to $49.90
NAB finished up 2.6% at $27.59
WBC finished up 2.0% to $27.98

Resources
BHP finished up 0.2% to $43.28
RIO Tinto finished up 2.8% to $78.32
Woodside Petroleum finished up 0.4% to $46.92

Given the strong gains we’ve enjoyed over the past seven weeks, the Aussie market is likely set for a period of consolidation; perhaps even a minor pullback. However, any selloff at this stage continues to look like a good buying opportunity.

 

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