Weekly ProWrap ProAcct

Summary for the week ending March 5, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,773.4

122.3

2.6%
XJO ASX 200

4,767.2

129.5

2.8%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.97

$0.03

0.5%
ANZ ANZ Banking Group Limited

$23.83

$0.69

3.0%
BHP BHP Billiton Limited

$42.50

$1.40

3.4%
BXB Brambles Limited

$7.27

$0.33

4.8%
CBA Commonwealth Bank

$55.10

$1.18

2.2%
CSL CSL Limited

$35.68

$1.29

3.8%
FGL Foster's Group

$5.36

-$0.03

-0.6%
MQG Macquarie Group Limited

$48.06

$2.80

6.2%
NAB National Aust. Bank

$26.50

$1.06

4.2%
NCM Newcrest Mining

$33.97

$2.63

8.4%
ORG Origin Energy

$16.48

-$0.33

-2.0%
QBE QBE Insurance Group

$20.50

-$0.90

-4.2%
RIO Rio Tinto Limited

$75.01

$4.51

6.4%
SUN Suncorp - Metway

$8.69

$0.15

1.8%
TLS Telstra Corporation

$2.91

-$0.06

-2.0%
WBC Westpac Banking Corp

$26.75

$0.62

2.4%
WDC Westfield Group

$12.24

$0.22

1.8%
WES Wesfarmers Limited

$32.71

$1.58

5.1%
WOW Woolworths Limited

$28.05

$1.21

4.5%
WPL Woodside Petroleum

$44.52

$1.15

2.7%

The Wrap

The Australian market rallied last week after US markets stabilised on solid corporate earnings and better than expected economic news.

Gains were enjoyed across the board with the major banks and the global miners leading the way.

Banks
ANZ finished up 3.0% to $23.83
CBA finished up 2.2% to $55.10
Macquarie finished up 6.2% to $48.06
NAB finished up 4.2% to $26.50
WBC finished up 2.4% to $26.75

Resources
BHP finished up 3.4% to $42.50
RIO Tinto finished up 6.4% to $75.01
Woodside Petroleum finished up 2.7% to $44.52

After a better than expected earnings season here in Oz, the equity market is potentially set for a rally into the end of the third quarter. Buy on dips.

 

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