Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index increases 0.5%
Thursday November 14, 2019


The All Ordinaries Index increased 35.3 points (or 0.5%) to close at 6,841.

Market capitalization of the Australian All Ordinaries Index rose 0.5% or $A11.7 billion to $A2,192.6 billion on Thursday. Amongst the 465 Stocks traded in the All Ordinaries Index today, 256 (55%) advanced, 165 (35.5%) declined and 44 (9.5%) were unchanged.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4611; AUD1 = 0.6844 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,841
52-Week Range5,533 - 6,928
Total Market Cap$A2,193 billion (USD 1,500.7 billion)
% change YTD19.8
Number of constituents486
Avg. daily turnoverAUD 5 billion (USD 3.4 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Advanced25655
Declined16535.5
Unchanged449.5
Total465100

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Jupiter Mines (JMS)0.2625.5
Coronado Global Resources (CRN)2.224.8
Genworth Mortgage Insurance Australia (GMA)3.8716.6
Whitehaven Coal (WHC)3.1515.9
Yancoal Australia (YAL)2.9713.1
Fortescue Metals (FMG)8.7313.1
WPP AUNZ (WPP)0.5112.5
ARQ Group (ARQ)0.4111
Alumina (AWC)2.4710.6
Westpac Banking (WBC)26.5710.1
Neometals (NMT)0.210
Rio Tinto (RIO)92.369.7
Navigator Global Investments (NGI)2.579.6
Stanmore Coal (SMR)1.159.6
National Australia Bank (NAB)27.89.5
Midway (MWY)1.929.4
Evans Dixon (ED1)0.859.4
Grange Resources (GRR)0.219.3
Suncorp Group (SUN)13.159.2
Regional Express (REX)1.319.2

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)1.021.9
Grange Resources (GRR)0.212.2
Slater & Gordon (SGH)0.912.3
OM Holdings (OMH)0.512.3
Stanmore Coal (SMR)1.153.2
Bathurst Resources (BRL)0.13.5
Jupiter Mines (JMS)0.263.6
Horizon Oil (HZN)0.153.7
Energy World (EWC)0.093.7
Base Resources (BSE)0.214.3
Yancoal Australia (YAL)2.974.4
New Energy Solar (NEW)1.235.1
Euroz (EZL)1.075.4
Collection House (CLH)1.195.4
Fortescue Metals (FMG)8.735.8
Whitehaven Coal (WHC)3.155.8
Unibail-Rodamco-Westfield (URW)11.66.2
Midway (MWY)1.926.2
Perenti Global (PRN)1.926.4
Mount Gibson Iron (MGX)0.786.5


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 New 52-week highs
Stocks hitting their new 52-week highs through the day included:

Company NameLast, AUD52-Wk High, AUD
CSL (CSL)269.67271.9
Woolworths Group (WOW)38.7238.95
Macquarie Group (MQG)136.89137.67
Fisher & Paykel Healthcare (FPH)19.7219.8
Xero (XRO)77.6579.15
Dominos Pizza Enterprises (DMP)52.1152.89
Carsales.com (CAR)15.916.22
Ansell (ANN)29.0129.38
CSR (CSR)4.664.75
Nanosonics (NAN)7.427.46
Credit Corp Group (CCP)33.1233.22
ALE Property (LEP)5.495.49
Australian Ethical Investment (AEF)3.443.46
Bell Financial (BFG)1.011.02
Horizon Oil (HZN)0.150.15
APN Property (APD)0.550.55


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Sundance Energy Australia (SEA)0.172.5c [17.9%]Volume 5.8 times average
Nearmap (NEA)2.8435c [14.1%]Volume 2.7 times average
Pantoro (PNR)0.172c [13.3%]Price rise on rising relative strength
Emeco Holdings (EHL)2.0519c [10.2%]Volume 2.4 times average
Syrah Resources (SYR)0.484c [9.1%]Price rise on beating relative strength
Bellevue Gold (BGL)0.473.5c [8.0%]Volume 1.8 times average
Afterpay Touch Group (APT)31.57$A2.20 [7.5%]Volume 1.7 times average
Australian Mines (AUZ)0.010.1c [7.1%]Oversold: close to 14-day low
Johns Lyng Group (JLG)212c [6.4%]Price/MAP50 above 1
Millennium Minerals (MOY)0.050.3c [6.2%]Price rise on rising relative strength
Nanosonics (NAN)7.4243c [6.2%]Price/MAP50 above 1 and rising
AUB Group (AUB)12.1267c [5.8%]Price rise on beating relative strength
Fluence Corporation (FLC)0.482.5c [5.4%]Volume 1.8 times average
Monash IVF (MVF)1.085.5c [5.3%]Price rise on rising relative strength
OM Holdings (OMH)0.512.5c [5.2%]Price rise on beating relative strength
Metals X (MLX)0.21c [5.1%]Price rise on beating relative strength
Comet Ridge (COI)0.211c [5.0%]Oversold: close to 14-day low
Breville Group (BRG)17.580c [4.8%]Price rise on rising relative strength
New Energy Solar (NEW)1.235.5c [4.7%]Price rise on beating relative strength
Cardinal Resources (CDV)0.341.5c [4.6%]Price rise on rising relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 New 52-week lows
Stocks hitting their new 52-week lows through the day included:

Company NameLast, AUD52-Wk Low, AUD
Virgin Australia (VAH)0.150.15
G8 Education (GEM)2.132.05
Clearview Wealth (CVW)0.540.54
Cardno (CDD)0.470.45
Australis Oil & Gas (ATS)0.120.11
FBR (FBR)0.060.06
Aeon Metals (AML)0.110.11
Heron Resources (HRR)0.120.12


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Panoramic Resources (PAN)0.34-9c [-20.7%]Volume 6.8 times average
G8 Education (GEM)2.13-46c [-17.8%]Volume 6.2 times average
Australis Oil & Gas (ATS)0.12-1.5c [-11.5%]Price/MAP50 below 1
Aeon Metals (AML)0.11-1c [-8.3%]Continues significant downtrend
AP Eagers (APE)10.9-95c [-8.0%]Volume 7.1 times average
Heron Resources (HRR)0.12-1c [-7.4%]Volume 11.7 times average
Avita Medical (AVH)0.59-4.5c [-7.1%]Volume 7 times average
FBR (FBR)0.06-0.3c [-5.2%]Falls for a second consecutive day
Altura Mining (AJM)0.06-0.3c [-4.8%]Volume 1.4 times average
Bathurst Resources (BRL)0.1-0.5c [-4.8%]Overbought: close to 14-day high
Motorcycle Holdings (MTO)2.29-10c [-4.2%]Price fall on falling relative strength
Pro-Pac Packaging (PPG)0.12-0.5c [-4.2%]Continues significant downtrend
Experience Co (EXP)0.23-1c [-4.2%]Price fall on slipping relative strength
Magnis Energy Technologies (MNS)0.12-0.5c [-4.2%]Volume 2.3 times average
New Century Resources (NCZ)0.35-1.5c [-4.0%]Volume 1.3 times average
SRG Global (SRG)0.36-1.5c [-4.0%]Continues significant downtrend
Pact Group (PGH)2.47-10c [-3.9%]Price fall on slipping relative strength
Metro Mining (MMI)0.13-0.5c [-3.7%]Price fall on slipping relative strength
Costa Group (CGC)2.65-10c [-3.6%]Price fall on slipping relative strength
Praemium (PPS)0.56-2c [-3.5%]Falls for a second consecutive day


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Abacus Property(ABP)3.89Bullish Harami
Australian Finance(AFG)2.58Bullish Harami
APA Group(APA)11.07Bullish Harami
ARENA(ARF)2.88Bullish Harami
Aventus Retail Property Fund(AVN)2.81Bullish Harami
BUBS Australia(BUB)1.08Bullish Harami
Comet Ridge(COI)0.21Bullish Harami
Clinuvel Pharmaceuticals(CUV)29.9Bullish Harami
Galaxy Resources(GXY)1.02Bullish Harami
MACA(MLD)0.94Bullish Harami
Orocobre(ORE)2.62Bullish Harami
Shopping Centres Australasia Property(SCP)2.68Bullish Harami
Skycity Entertainment(SKC)3.66Bullish Harami
Tassal Group(TGR)4.19Bullish Harami
ASX(ASX)80.63Bullish Engulfing
Bapcor(BAP)7.27Bullish Engulfing
Dicker Data(DDR)6.82Bullish Engulfing
Galilee Energy(GLL)0.91Bullish Engulfing
GrainCorp(GNC)7.73Bullish Engulfing
Syrah Resources(SYR)0.48Bullish Engulfing
Mirvac Group(MGR)3.24Bullish Kicker
Perpetual(PPT)39.25Bullish Kicker
Livetiles(LVT)0.3Inverted Hammer
Sonic Healthcare(SHL)29.27Inverted Hammer


* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.
* A bullish engulfing pattern occurs when a small red candlestick of falling prices is followed the next day by a larger green engulfing candlestick pattern of rising prices.
* A Bullish Kicker Chart pattern is usually based on sudden surprise news or at a possible support level and is indicative of an oversold scenario.
* An inverted hammer pattern appears as a bullish reversal chart pattern after a downtrend. The high exceeds the high of the previous session: the open, low and close are roughly unchanged.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Accent Group(AX1)1.6Bearish Engulfing
Pact Group(PGH)2.47Bearish Engulfing


* A bearish engulfing pattern is a candlestick chart pattern when a small green candlestick of rising prices is followed the next day by a larger red engulfing candlestick pattern of falling prices

SECTION 7 TOP THREE AND BOTTOM THREE

7.1 Today's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USBMCap Last $USB
CSL (CSL)$A269.671.3122.4
Woolworths Group (WOW)$A38.721.248.8
Telstra (TLS)$A3.581.142.6


Bottom three Stocks

Company NameLast, AUDMCap fall $USMCap Last $US
National Australia Bank (NAB)$A27.82.9 B80.1 B
AP Eagers (APE)$A10.9237.8 M2.7 B
G8 Education (GEM)$A2.13211.7 M980.2 M


7.2 Present Value Changes For AUD1,000 invested one week ago
Top three Stocks

Company NameLast, AUDPV$A1000 [1week]
Afterpay Touch Group (APT)31.571,203
Sundance Energy Australia (SEA)0.171,179
Catapult Group (CAT)1.741,168


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Panoramic Resources (PAN)0.34802
G8 Education (GEM)2.13829
Aurelia Metals (AMI)0.43851


7.3 Present Value Changes For AUD1,000 invested one year ago
Top three Stocks

Company NameLast, AUDPV$A1000 [1year]
Polynovo (PNV)2.193,911
Paradigm Biopharmaceuticals (PAR)2.983,391
Alacer Gold (AQG)7.243,094


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Sundance Energy Australia (SEA)0.17236
Australian Mines (AUZ)0.01250
AJ Lucas Group (AJL)0.06251


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,192.6 billionIn Top 5%
Today's Trading Turnover$A5.3 billionIn Top 5%
Annual Revenue$A899.5 billionIn Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 31 Oct)

In the past 4 years, the All Ordinaries Index has jumped 28.1% from 5,289 to 6,773; an average annual compound rise of 6.4%.

 20192018201720162015
Index 31 Oct6,7735,9135,9765,4115,289
Index Change (%)14.5-1.110.42.3-3.9
Avg Daily Turnover ($A Billion)54.44.44.23.7


SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

CodeExcerptsSource
AVHAvita Medical (AVH.AU) has announced an increase of 3,740,000 shares (or 0.2%) in total shares on issue from 1,908,995,946 to 1,912,735,946. The effective date is Thursday, November 14. BuySellSignals
CLWCharter Hall Long Wale (CLW.AU) has announced an increase of 1,009,234 shares (or 0.3%) in total shares on issue from 376,622,409 to 377,631,643. The effective date is Thursday, November 14. BuySellSignals
HE8Helios Energy (HE8.AU) has announced an increase of 299,000 shares (or 0.02%) in total shares on issue from 1,503,529,940 to 1,503,828,940. The effective date is Wednesday, November 13. BuySellSignals
INRIoneer (INR.AU) has announced an increase of 663,318 shares (or 0.04%) in total shares on issue from 1,477,483,509 to 1,478,146,827. The effective date is Thursday, November 14. BuySellSignals
PPTPerpetual (PPT.AU) has announced an increase of 216,161 shares (or 0.5%) in total shares on issue from 46,645,676 to 46,861,837. The effective date is Thursday, November 14. BuySellSignals


10.2 Dividend

CodeExcerptSource
ASTAusNet Services today announced an interim dividend of 5.10c per share, franked to 50%. The ex dividend date is Monday, November 18, 2019 and the record date is Tuesday, November 19, 2019 and it is payable on Thursday, December 19. BuySellSignals


10.3 Press releases

CodeHeadlinesSource
XROXerocon London 2019: New tools from Xero put profitability in the business' handsCompany Website
XROXero unveils tax and insights tool to help advisors work smarter and grow their clientsCompany Website
XROXero revamps payments to help small businesses pay and get paid faster than everCompany Website


10.4 Buyback of Shares

CodeExcerptsSource
AGLAGL Energy (AGL.AU) announced a buyback of 527,980 shares worth $A10,485,683 (or $US7,176,527) on November 13, 2019. BuySellSignals
AZJAurizon Holdings (AZJ.AU) announced a buyback of 1,139,689 shares worth $A6,450,640 (or $US4,414,895) on November 13, 2019. BuySellSignals
BXBBrambles (BXB.AU) announced a buyback of 200,000 shares worth $A2,422,000 (or $US1,657,646) on November 13, 2019. BuySellSignals
HT1HT&E (HT1.AU) announced a buyback of 227,999 shares worth $A377,338 (or $US258,255) on November 13, 2019. BuySellSignals
PCGPengana Capital Group (PCG.AU) announced a buyback of 25,151 shares worth $A45,272 (or $US30,985) on November 13, 2019. BuySellSignals
S32South32 (S32.AU) announced a buyback of 1,558,397 shares worth $A4,223,256 (or $US2,890,447) on November 13, 2019. BuySellSignals
SCGScentre Group (SCG.AU) announced a buyback of 763,972 shares worth $A2,948,932 (or $US2,018,284) on November 13, 2019. BuySellSignals


10.5 People in Business

CodeExcerptsSource
AMAAMA Group will appoint Nicole Cook as Independent Non-Executive Director. The appointment takes effect from Dec 01, 2019.BuySellSignals
HLOHelloworld Travel has appointed David Hall as CFO. The appointment takes effect from Nov 14, 2019.BuySellSignals
TERTerracom has appointed Megan Etcell as Company Secretary. The appointment takes effect from Nov 14, 2019.BuySellSignals


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,4650.38Troy Ounce13.9
Silver16.950.98Troy Ounce8.9
Copper2.64-0.26Pound-2.3
Crude oil57.441.13Barrel17.4
Natural gas2.681.86MMBTU-27
Brent crude58.640.17Barrel5.1
Class iii milk20.180.45100 Pounds45.9
Corn375-0.58100 Bushels0
Soyabean oil30.58-1.51100 Pounds11


11.2 Against principal global indices, these markets compared today as:

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,8410.519.2
S&P/ASX 2006,7350.618.6
Compare with:   
HSI26,351-0.82.8
Nikkei 22523,264-0.216.5
S&P 5003,0940.0723.4
FTSE 1007,351-0.29.2
Dow Jones Industrials27,7270.118.9


11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,432
GDP growth yoy (%)1.4
Interest rate (%)0.75
Inflation rate (%)1.7
Public debt (USD) (billion)400.9
Public debt per person (USD)16,819
Total annual debt change (%)0.5
Debt to GDP ratio (%)40.7
Budget Deficit to GDP(%)0.6
CAD to GDP(%)1.5
Population (million)23.9


11.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.827-2.3-99
Australia 5-Year0.893-1.6-103
Australia 10-Year1.2931.5-102
Australia 15-Year1.4031.6-106


Australian Rating Summary

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa  
S&PAAA Extremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAA Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONG AA+"AA" ratings denote expectations of very low default risk. It indicates that the issuer has a very strong capacity for payment of financial commitments. Although due to its relatively higher long-term risk, this capacity is not significantly vulnerable to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.


Source: www.BuySellSignals.com