Weekly ProWrap ProAcct

Summary for the week ending September 18, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,693.7

97.4

2.1%
XJO ASX 200

4,693.2

97.1

2.1%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.25

-$0.15

-2.3%
ANZ ANZ Banking Group Limited

$23.18

$0.50

2.2%
BHP BHP Billiton Limited

$38.70

$0.40

1.0%
BXB Brambles Limited

$7.79

$0.04

0.5%
CBA Commonwealth Bank

$49.09

$1.49

3.1%
CSL CSL Limited

$34.05

-$0.16

-0.5%
FGL Foster's Group

$5.66

$0.06

1.1%
MQG Maquarie Group Limited

$54.45

$4.70

9.4%
NAB National Aust. Bank

$29.86

$0.82

2.8%
NCM Newcrest Mining

$34.25

$0.09

0.3%
ORG Origin Energy

$15.69

$0.64

4.3%
QBE QBE Insurance Group

$23.70

$0.98

4.3%
RIO Rio Tinto Limited

$61.00

$1.77

3.0%
SUN Suncorp - Metway

$8.18

$0.05

0.6%
TLS Telstra Corporation

$3.25

-$0.07

-2.1%
WBC Westpac Banking Corp

$24.91

$0.39

1.6%
WDC Westfield Group

$13.57

$0.51

3.9%
WES Wesfarmers Limited

$26.28

$0.98

3.9%
WOW Woolworths Limited

$28.95

$0.39

1.4%
WPL Woodside Petroleum

$50.65

$2.40

5.0%

The Wrap

Although the local market finished weaker on Friday, it was yet another positive week here in Oz helped by a stronger US market continuing its recovery. Both the All Ordinaries and the ASX 200 finished higher by 2.1% settling only marginally below 4,700 points.

As was the case last week, the major contributors were again the mining giants and the major banks.

Banks
ANZ finished up 2.2% to $23.18
CBA finished up 3.1% to $49.09
Macquarie finished up 9.4% to $54.45
NAB finished up 2.8% to $29.86
WBC finished up 1.6% to $24.91

Resources
BHP finished up 1.0% to $38.70
RIO Tinto finished up 3.0% to $61.00
Woodside Petroleum finished up 5.0% to $50.65

Stocks are starting to look expensive. Given the stellar run we have had in recent months, I continue to maintain the view that a pullback is imminent.

 

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