Weekly ProWrap ProAcct

Summary for the week ending September 4, 2009

Indices

INDEX CODE INDEX NAME CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO All Ordinaries

4,442.7

-53.2

-1.2%
XJO ASX 200

4,435.5

-54.1

-1.2%

Top 20 Stocks

STOCK CODE COMPANY CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

AMP AMP Limited

$6.31

-$0.20

-3.1%
ANZ ANZ Banking Group Limited

$21.17

$0.71

3.5%
BHP BHP Billiton Limited

$36.62

-$1.23

-3.2%
BXB Brambles Limited

$7.60

$0.26

3.5%
CBA Commonwealth Bank

$45.68

$0.53

1.2%
CSL CSL Limited

$32.99

$0.39

1.2%
FGL Foster's Group

$5.33

-$0.14

-2.6%
MQG Maquarie Group Limited

$48.70

-$0.25

-0.5%
NAB National Aust. Bank

$27.21

-$0.60

-2.2%
NCM Newcrest Mining

$31.82

$2.62

9.0%
ORG Origin Energy

$14.72

-$0.66

-4.3%
QBE

QBE Insurance Group

$21.98

-$1.12

-4.8%
RIO

Rio Tinto Limited

$55.25

-$2.05

-3.6%
SUN Suncorp - Metway

$7.95

-$0.08

-1.0%
TLS Telstra Corporation

$3.28

-$0.09

-2.7%
WBC Westpac Banking Corp

$24.34

$0.03

0.1%
WDC

Westfield Group

$12.35

-$0.15

-1.2%
WES Wesfarmers Limited

$24.75

-$0.75

-2.9%
WOW Woolworths Limited

$28.74

$0.44

1.6%
WPL Woodside Petroleum

$47.04

-$2.66

-5.4%

The Wrap

The Australian market weakened last week with both key indices falling 1.2%. The All Ordinaries dropped 53 points to close at 4,443 points whilst the ASX 200 finished 54 points lower to close at 4,435 points.

It was a mixed week with the major banks generally higher and the mining giants generally lower.

Banks
ANZ finished up 3.5% to $21.17
CBA finished up 1.2% to $45.68
Macquarie finished down 0.5% to $48.70
NAB finished down 2.2% to $27.21
WBC finished up 0.1% to $24.34

Resources
BHP finished down 3.2% to $36.62
RIO Tinto finished down 3.6% to $55.25
Woodside Petroleum finished down 5.4% to $47.04

September has historically been a rocky month for the markets; a mild correction is looming as a possibility here in Oz. We continue to view any pullback as a good buying opportunity for long term investors.

 

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