Summary for the week ending Friday 25th February 2011

Indices

INDEX CODE

INDEX NAME

CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

XAO XJO

All Ordinaries ASX 200

4,924.9 4,836.5

-101.2  -100.2

-2.0% -2.0%

 

Top 20 Stocks

STOCK CODE

COMPANY

CLOSING PRICE

WEEKLY MOVE ($)

WEEKLY MOVE (%)

 

			-
AMP ANZ	AMP Limited ANZ Banking Group Limited	$5.47 $24.23	-$0.13 -$0.66	-2.3% -2.7%
BHP	BHP Billiton Limited	$45.95	-$0.61	-1.3%
BXB	Brambles Limited	$6.99	-$0.34	-4.6%
CBA	Commonwealth Bank	$53.09	-$1.11	-2.0%
CSL	CSL Limited	$35.80	-$0.06	-0.2%
FGL	Foster's Group	$5.70	-$0.04	-0.7%
MQG	Macquarie Group Limited	$38.08	-$1.25	-3.2%
NAB	National Aust. Bank	$26.00	-$0.41	-1.6%
NCM	Newcrest Mining	$38.63	-$0.39	-1.0%
ORG	Origin Energy	$16.83	-$0.08	-0.5%
QBE	QBE Insurance Group	$18.40	-$0.64	-3.4%
RIO	Rio Tinto Limited	$83.93	-$3.68	-4.2%
SUN	Suncorp - Metway	$8.61	-$0.12	-1.4%
TLS	Telstra Corporation	$2.82	-$0.14	-4.7%
WBC	Westpac Banking Corp	$23.73	-$0.48	-2.0%
WDC	Westfield Group	$9.69	-$0.18	-1.8%
WES	Wesfarmers Limited	$33.26	-$0.66	-1.9%
WOW	Woolworths Limited	$26.85	-$0.07	-0.3%
WPL	Woodside Petroleum	$41.92	-$0.82	-1.9%

The Wrap

 Just when you thought it was safe to go back into the market, it comes crashing down.  What can often take several weeks to build can be dismantled in days.  2 weeks ago we saw the All Ordinaries close above the psychological 5,000 point mark. Last week it was back well under the level.  Both the All Ordinaries and the ASX 200 fell 2.0% shedding 100 points.

It was a sea of red with both the big banks and the mining sector all lower for the week.

Banks
ANZ finished down 2.7% to $24.23
CBA finished down 2.0% to $53.09
Macquarie finished down 3.2% to $38.08
NAB finished down 1.6% to $26.00
WBC finished down 2.0% to $23.73

Resources
BHP finished down 1.3% to $45.95
RIO Tinto finished down 4.2% to $83.93
Woodside Petroleum finished down 1.9% to $41.92

After a poor performance last week, this week investors will be looking for a more positive outcome.