Weekly ProWrap ProAcct

Summary for the week ending May 21, 2010

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO

All Ordinaries

4,325.8

-317.2

-6.8%
XJO ASX 200

4,305.4

-305.7

-6.6%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$5.37

-0.60

-10.1%
ANZ

ANZ Banking Group Limited

$21.05

-1.76

-7.7%
BHP BHP Billiton Limited

$36.26

-2.38

-6.2%
BXB Brambles Limited

$6.72

-0.32

-4.5%
CBA Commonwealth Bank

$50.43

-3.28

-6.1%
CSL CSL Limited

$31.65

-1.63

-4.9%
FGL

Foster's Group

$5.14

-0.22

-4.1%
MQG Macquarie Group Limited

$42.91

-4.14

-8.8%
NAB National Aust. Bank

$23.10

-2.27

-8.9%
NCM

Newcrest Mining

$30.52

-2.84

-8.5%
ORG Origin Energy

$14.32

-1.03

-6.7%
QBE

QBE Insurance Group

$19.75

-1.56

-7.3%
RIO Rio Tinto Limited

$60.98

-7.02

-10.3%
SUN Suncorp - Metway

$7.95

-0.57

-6.7%
TLS Telstra Corporation

$2.93

-0.05

-1.7%
WBC Westpac Banking Corp

$22.16

-2.73

-11.0%
WDC Westfield Group

$11.79

-0.70

-5.6%
WES

Wesfarmers Limited

$28.33

-1.50

-5.0%
WOW Woolworths Limited

$26.27

-1.02

-3.7%
WPL Woodside Petroleum

$40.79

-4.01

-9.0%

The Wrap

The Australian market experienced a negative week with most shares experiencing significant falls on the back of negative sentiment flowing from Europe.

Banks
ANZ finished down 7.7% to $21.05
CBA finished down 6.1% to $50.43
NAB finished down 8.9% to $23.10
WBC finished down 11.0% to $22.16

Resources
BHP finished down 6.2% to $36.26
RIO finished down 10.3% to $60.98
Woodside Petroleum finished down 9.0% to $40.79

At this stage there is still a lot of uncertainty in the markets and most likely volatility will persist in the short term, however if the Europe debt issues eases don't be surprised to see a quick turnaround in the market's fortunes.

 

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