Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index increases 4.2 points, ends week 0.3% higher
Friday January 24, 2020


The All Ordinaries Index increased 4.2 points (or 0.06%) to close at 7,203.

Amongst the 463 Stocks traded in the All Ordinaries Index today, 212 (44.2%) advanced, 184 (38.3%) declined and 67 (14%) were unchanged. 17 (3.5%) were untraded.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4576; AUD1 = 0.6842 USD
Exchange NameAustralian Securities Exchange (ASX)
Last7,203
52-Week Range5,930 - 7,249
Total Market Cap$A2,324 billion (USD 1,589.7 billion)
% change YTD5.9
Number of constituents480
Avg. daily turnoverAUD 5.1 billion (USD 3.5 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Advanced21244.2
Declined18438.3
Unchanged6714
Untraded173.5
Total480100


AUSTRALIAN DOLLAR EXCHANGE RATES
The Australian Dollar rose against the following currencies:

FXClose Jan 24Jan 23Daily Change %YTD change %
AUD/EUR0.61960.62020.09-0.9
AUD/SEK6.52676.52780.02-0.39


The Australian Dollar fell against the following currencies:

FXClose Jan 24Jan 23Daily Change %YTD change %
AUD/USD0.68460.6831-0.22-2.29
AUD/JPY75.000674.8161-0.25-1.54
AUD/GBP0.52170.5205-0.23-2.35
AUD/CAD0.89880.8942-0.51-1.68
AUD/CHF0.66420.6638-0.05-2.06
AUD/CNY4.74984.7444-0.11-2.86
AUD/HKD5.32155.3088-0.24-2.45
AUD/NZD1.03491.0285-0.61-0.6
AUD/KRW798.7965796.1833-0.33-1.4
AUD/SGD0.92410.9221-0.22-2.1
AUD/NOK6.16186.1563-0.09-0.24
AUD/MXN12.84512.8358-0.07-3.16

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Coronado Global Resources (CRN)2.1525.4
Jupiter Mines (JMS)0.321.3
Whitehaven Coal (WHC)2.4220.7
Genworth Mortgage Insurance Australia (GMA)3.7916.9
Yancoal Australia (YAL)2.913.4
ARQ Group (ARQ)0.3712.2
Alumina (AWC)2.2511.6
Stanmore Coal (SMR)111
WPP AUNZ (WPP)0.5810.9
Neometals (NMT)0.1910.5
SKY Network Television (SKT)0.6910.5
Regional Express (REX)1.1610.3
Seven West Media (SWM)0.2910.2
Midway (MWY)1.99.5
Suncorp Group (SUN)12.999.3
Fortescue Metals (FMG)12.489.1
SmartGroup (SIQ)6.99.1
Mosaic Brands (MOZ)1.658.8
New Hope (NHC)1.958.7
Rio Tinto (RIO)103.188.7

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)1.112.1
OM Holdings (OMH)0.472.1
Grange Resources (GRR)0.242.5
Slater & Gordon (SGH)1.022.6
Stanmore Coal (SMR)12.8
Energy World (EWC)0.073
Horizon Oil (HZN)0.123.1
Bathurst Resources (BRL)0.124.1
Yancoal Australia (YAL)2.94.3
Jupiter Mines (JMS)0.34.4
Whitehaven Coal (WHC)2.424.5
Collection House (CLH)1.064.8
New Energy Solar (NEW)1.25
Base Resources (BSE)0.255.1
Perenti Global (PRN)1.525.1
Unibail-Rodamco-Westfield (URW)10.615.6
Viva Energy Group (VEA)1.826.1
Midway (MWY)1.96.1
Zimplats Holdings (ZIM)12.26.2
Alumina (AWC)2.257


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
Commonwealth Bank of Australia (CBA)84.9485.4
CSL (CSL)310.7313.59
Macquarie Group (MQG)145.86146.84
Transurban Group (TCL)15.8915.96
James Hardie Industries (JHX)31.5731.68
Fisher & Paykel Healthcare (FPH)22.0222.2
Magellan Financial (MFG)66.5266.95
SEEK (SEK)24.0124.09
Altium (ALU)40.0440.19
Fletcher Building (FBU)5.455.51
Ansell (ANN)31.8432.03
Brickworks (BKW)20.6520.75
Shopping Centres Australasia Property (SCP)2.852.87
NEXTDC (NXT)7.547.56
Silver Lake Resources (SLR)1.571.58
Pushpay Holdings (PPH)4.44.4
Electro Optic Systems (EOS)9.859.92
Paradigm Biopharmaceuticals (PAR)4.134.2
Village Roadshow (VRL)4.024.1
Medical Developments (MVP)10.2810.38


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Aurelia Metals (AMI)0.484c [9.0%]Price rise on beating relative strength
Medical Developments (MVP)10.2883c [8.8%]Volume 6.1 times average
Wameja (WJA)0.121c [8.7%]Rises for a fourth consecutive day
Hastings Technology Metals (HAS)0.121c [8.7%]Volume 2.5 times average
Flinders Mines (FMS)0.050.4c [8.3%]Rises for a second consecutive day
Superloop (SLC)0.936.5c [7.5%]Price rise on rising relative strength
Downer EDI (DOW)7.643c [6.0%]Volume 6 times average
FBR (FBR)0.060.3c [5.8%]Price rise on beating relative strength
RPMGlobal Holdings (RUL)1.125.5c [5.1%]Price rise on rising relative strength
Netwealth Group (NWL)8.240c [5.1%]Volume 2.1 times average
Magnis Energy Technologies (MNS)0.110.5c [4.8%]Price rise on beating relative strength
Highfield Resources (HFR)0.83.5c [4.6%]Rises for a second consecutive day
Bathurst Resources (BRL)0.120.5c [4.5%]Price/MAP50 above 1
Huon Aquaculture Group Limited (HUO)4.720c [4.4%]Price rise on beating relative strength
Village Roadshow (VRL)4.0217c [4.4%]Volume 3.3 times average
Pinnacle Investment Management Group (PNI)4.8120c [4.3%]Volume 1.2 times average
Pact Group (PGH)2.9212c [4.3%]Price/PMAP200 above 1 and rising
Horizon Oil (HZN)0.120.5c [4.2%]Price rise on rising relative strength
Iselect (ISU)0.512c [4.1%]Price rise on beating relative strength
Paradigm Biopharmaceuticals (PAR)4.1316c [4.0%]Volume 3 times average


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
Whitehaven Coal (WHC)2.422.42
New Hope (NHC)1.951.95
US Masters Residential Property Fund (URF)0.520.52


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
US Masters Residential Property Fund (URF)0.52-4c [-7.1%]Volume 5.4 times average
Resimac Group (RMC)1.38-10c [-6.8%]Volume 2.4 times average
Tungsten Mining (TGN)0.15-1c [-6.2%]Price fall on slipping relative strength
Aeon Metals (AML)0.15-1c [-6.1%]Price fall on slipping relative strength
Clearview Wealth (CVW)0.47-3c [-6.0%]Price/MAP50 below 1
Insurance Australia (IAG)7.3-42c [-5.4%]Volume 2.7 times average
Technology One (TNE)8.37-44c [-5.0%]Price fall on slipping relative strength
Cooper Energy (COE)0.57-3c [-5.0%]Price fall on slipping relative strength
Strike Energy (STX)0.2-1c [-4.9%]Price/MAP50 below 1
AusCann Group Holdings (AC8)0.3-1.5c [-4.8%]Falls for a fourth consecutive day
Perenti Global (PRN)1.52-7.5c [-4.7%]Price/MAP200 below 1 and falling
Alacer Gold (AQG)6.95-33c [-4.5%]Price fall on slipping relative strength
Westgold Resources (WGX)2.26-10c [-4.2%]Price fall on falling relative strength
Carnarvon Petroleum (CVN)0.34-1.5c [-4.2%]Price fall on slipping relative strength
Amaysim Australia (AYS)0.35-1.5c [-4.1%]Price fall on slipping relative strength
Aventus Retail Property Fund (AVN)2.9-12c [-4.0%]Price fall on falling relative strength
Rhipe (RHP)2.19-9c [-4.0%]Price/MAP200 below 1 and falling
Karoon Energy (KAR)1.27-5c [-3.8%]Volume 3.5 times average
Praemium (PPS)0.53-2c [-3.7%]Volume 1.6 times average
Tribune Resources (TBR)5.78-22c [-3.7%]Price/MAP200 below 1 and falling


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Bellevue Gold(BGL)0.52Bullish Harami
Newcrest Mining(NCM)31.98Bullish Harami
Sigma Healthcare(SIG)0.6Bullish Harami
Virtus Health(VRT)4.47Bullish Harami
Ardent Leisure Group(ALG)1.63Bullish Engulfing


* 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.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Clinuvel Pharmaceuticals(CUV)28.25Bearish Engulfing
Nanosonics(NAN)6.99Bearish Engulfing
Praemium(PPS)0.53Bearish Engulfing
Telstra(TLS)3.88Bearish 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 $USMCap Last $USB
CSL (CSL)$A310.71.6 B141
Commonwealth Bank of Australia (CBA)$A84.94743.5 M150.4
Westpac Banking (WBC)$A25.21469.5 M91.1


Bottom three Stocks

Company NameLast, AUDMCap fall $USMCap Last $USB
BHP Group (BHP)$A40.453.3 B209.5
Rio Tinto (RIO)$A103.181.1 B38.3
Insurance Australia (IAG)$A7.3970.6 M16.9


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

Company NameLast, AUDPV$A1000 [1week]
Wameja (WJA)0.121,316
AVZ Minerals (AVZ)0.071,232
RPMGlobal Holdings (RUL)1.121,230


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Kogan.com (KGN)5.6705
Magnis Energy Technologies (MNS)0.11815
CIMIC Group (CIM)28.88818


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

Company NameLast, AUDPV$A1000 [1year]
Opthea (OPT)3.614,813
Polynovo (PNV)2.834,602
EML Payments (EML)5.263,859


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
ARQ Group (ARQ)0.37210
Metals X (MLX)0.09227
Australis Oil & Gas (ATS)0.08265


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,323.6 billionIn Top 5%
Today's Trading Turnover$A4.7 billionIn Top 5%
Annual Revenue$A897.1 billionIn Top 5%

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

In the past 4 years, the All Ordinaries Index has jumped 18.9% from 5,719 to 6,802; an average annual compound rise of 4.4%.

 2019201820172016
Index 31 Dec6,8025,7096,1675,719
Index Change (%)19.1-7.47.87
Avg Daily Turnover ($A Billion)5.14.44.44.3


SECTION 10 ANNOUNCEMENTS

10.1 Press releases

CodeHeadlinesSource
BKLBlackmores: Additional Information AGM October 2019Australian Securities Exchange
CIPCenturia Industrial: Notice of General Meeting and Proxy FormAustralian Securities Exchange
EHLEmeco Holdings: Response to media speculationAustralian Securities Exchange
IAGInsurance Australia: 1H20 results, updated guidance and hailstorm updateAustralian Securities Exchange
VRLVillage Roadshow: Receipt of Indicative ProposalAustralian Securities Exchange


10.2 Financial Results

CodeHeadlinesSource
CRNCoronado Global Resources: December 2019 Quarterly ReportAustralian Securities Exchange
LYCLynas: Quarterly Activities ReportAustralian Securities Exchange
MGXMount Gibson Iron: Quarterly Activities ReportAustralian Securities Exchange
MINMineral Resources: Quarterly Activities ReportAustralian Securities Exchange


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,563-0.03Troy Ounce3.4
Silver18.18-0.25Troy Ounce1.4
Copper2.74-1.23Pound-4.2
Crude oil53.37-1.22Barrel-7.5
Natural gas1.950.26MMBTU-14.7
Brent crude58.07-2.86Barrel-7.1
Class iii milk17.040100 Pounds-11.7
Corn3931.39100 Bushels1.4
Soyabean oil32.7-1.06100 Pounds-6.9


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries7,2030.065.8
S&P/ASX 2007,0900.046
Compare with:   
S&P 5003,3260.12.9
FTSE 1007,508-0.8-0.46
HSI27,9500.1-1
Nikkei 22523,783-0.050.6
Dow Jones Industrials29,160-0.092.2


11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,432
GDP growth yoy (%)1.7
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-Year0.697-1.5-21
Australia 5-Year0.765-1.8-22
Australia 10-Year1.114-2.9-26
Australia 15-Year1.208-4.3-27


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