Australian Daily Newsletter

Daily Newsletter: All Ordinaries Index falls for a third consecutive day, a three-day fall of 0.7%
Monday October 26, 2020

The All Ordinaries Index fell 16.4 points (or 0.3%) to close at 6,357. The index fell for a third day on Monday bringing its three-day fall to 45.8 points or 0.7%.

Market capitalization of the Australian All Ordinaries Index fell 0.2% or $A5.6 billion to $A2,248 billion on Monday. Amongst the 455 Stocks traded in the All Ordinaries Index today, 246 (51.9%) declined, 149 (31.4%) advanced and 60 (12.7%) were unchanged. 19 (4%) were untraded.

ALL ORDINARIES INDEX SUMMARY

Currency	Australian Dollar (AUD)
Exchange rate	USD1 = AUD1.4; AUD1 = 0.71 USD
Exchange Name	Australian Securities Exchange (ASX)
Last	6,357
52-Week Range	4,564 - 7,255
Total Market Cap	$A2,248 billion (USD 1,600.8 billion)
% change YTD	-6.54
Number of constituents	474
Avg. daily turnover	AUD 6 billion (USD 4.3 billion)

TODAY'S TRADING SNAPSHOT

Stocks	No.	%
Declined	246	51.9
Advanced	149	31.4
Unchanged	60	12.7
Untraded	19	4
Total	474	100

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

FX	Close Oct 26	Oct 25	Daily Change %	YTD change %
AUD/USD	0.7114	0.712	0.09	1.52
AUD/JPY	74.6072	74.793	0.25	-2.05
AUD/GBP	0.5461	0.548	0.34	2.23
AUD/CAD	0.9364	0.938	0.18	2.42
AUD/CNY	4.7562	4.7609	0.1	-2.72
AUD/HKD	5.5132	5.5184	0.09	1.07
AUD/SGD	0.9669	0.9686	0.18	2.43
AUD/NOK	6.6033	6.6107	0.11	6.91

The Australian Dollar fell against the following currencies:

FX	Close Oct 26	Oct 25	Daily Change %	YTD change %
AUD/EUR	0.6012	0.6003	-0.15	-3.84
AUD/CHF	0.6439	0.6429	-0.15	-5.05
AUD/NZD	1.0641	1.0612	-0.28	2.21
AUD/SEK	6.2372	6.2321	-0.08	-4.81
AUD/KRW	803.1682	800.811	-0.29	-0.86
AUD/MXN	14.9049	14.8786	-0.18	12.37

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company Name	Last, AUD	% Yield
Orora (ORA)	2.74	22
Genworth Mortgage Insurance Australia (GMA)	1.71	18.6
Seven West Media (SWM)	0.17	17.6
Jupiter Mines (JMS)	0.28	16.7
Base Resources (BSE)	0.23	14.9
Southern Cross Media (SXL)	0.18	14.9
Navigator Global Investments (NGI)	1.57	12.9
Kina Securities (KSL)	0.76	11.7
IVE Group (IGL)	0.75	11.5
Unibail-Rodamco-Westfield (URW)	3.08	10.6
Yancoal Australia (YAL)	2	10.6
Fortescue Metals (FMG)	16.61	10.6
Neometals (NMT)	0.2	10
Australian Unity Office Fund (AOF)	2.11	8.9
New Energy Solar (NEW)	0.79	8.9
IOOF Holdings (IFL)	3.21	8.6
Servcorp (SRV)	2.35	8.5
Cromwell Property (CMW)	0.9	8.3
Grange Resources (GRR)	0.24	8.3
Centuria Office REIT (COF)	2.12	8.2

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company Name	Last, AUD	P/E
Cardno (CDD)	0.3	2.4
Australis Oil & Gas (ATS)	0.03	2.5
Grange Resources (GRR)	0.24	3.4
Yancoal Australia (YAL)	2	3.7
Perenti Global (PRN)	1.15	3.8
OM Holdings (OMH)	0.31	3.9
Emeco Holdings (EHL)	0.78	3.9
Energy World (EWC)	0.06	4.3
Mineral Resources (MIN)	25.61	4.8
Base Resources (BSE)	0.23	4.9
Kathmandu Holdings (KMD)	1.15	5
Stanmore Coal (SMR)	0.72	5.5
Zimplats Holdings (ZIM)	10.85	5.7
Jupiter Mines (JMS)	0.28	5.9
Genworth Mortgage Insurance Australia (GMA)	1.71	6
Helloworld Travel (HLO)	1.88	6.1
Beach Energy (BPT)	1.33	6.1
Shine Justice (SHJ)	0.85	7.1
Silver Lake Resources (SLR)	2.22	7.2
GDI Property (GDI)	1.09	7.2

SECTION 3 BULLISH SIGNALS: TECHNICALS

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

Company Name	Last, AUD	52-Wk High, AUD
REA Group (REA)	126.17	127.62
Wisetech Global (WTC)	29.45	30.29
Nickel Mines (NIC)	1	1.03
Pilbara Minerals (PLS)	0.42	0.44
Rural Funds (RFF)	2.43	2.43
Regional Express (REX)	1.44	1.48

3.2 Top Twenty on price rises

Company Name	Last, AUD	Price Change	Comment
Coca-Cola Amatil (CCL)	12.5	$A1.75 [16.3%]	Volume 13.2 times average
Terracom (TER)	0.15	1.5c [11.1%]	Price rise on rising relative strength
GTN (GTN)	0.42	2.5c [6.3%]	Price rise on beating relative strength
Elanor Retail Property Fund (ERF)	0.93	5c [5.7%]	Price rise on beating relative strength
Ioneer (INR)	0.19	1c [5.6%]	Price rise on beating relative strength
Cash Converters (CCV)	0.2	1c [5.3%]	Price rise on beating relative strength
Pilbara Minerals (PLS)	0.42	2c [5.0%]	Price rise on rising relative strength
Myer Holdings (MYR)	0.24	1c [4.3%]	Volume 1.3 times average
Panoramic Resources (PAN)	0.12	0.5c [4.3%]	Volume 2.9 times average
IDP Education (IEL)	20.34	83c [4.2%]	Price/MAP50 above 1 and rising
Paladin Energy (PDN)	0.12	0.5c [4.2%]	Price rise on rising relative strength
Livetiles (LVT)	0.26	1c [4.0%]	Price rise on rising relative strength
Michael Hill International (MHJ)	0.53	2c [3.9%]	Price rise on beating relative strength
Aeon Metals (AML)	0.14	0.5c [3.9%]	Volume 1.4 times average
Australian Pharmaceutical Industries (API)	1.1	4c [3.8%]	Price rise on beating relative strength
Iluka Resources (ILU)	5.31	19c [3.7%]	Volume 3 times average
Monash IVF (MVF)	0.59	2c [3.5%]
Rural Funds (RFF)	2.43	8c [3.4%]	Price/MAP50 above 1
Corporate Travel Management (CTD)	18	59c [3.4%]	Price/MAP50 above 1 and rising
Cardno (CDD)	0.3	1c [3.4%]	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 Name	Last, AUD	52-Wk Low, AUD
Cann Group (CAN)	0.38	0.38
Ainsworth Game Technology (AGI)	0.28	0.28

4.2 Bottom Twenty on price falls

Company Name	Last, AUD	Price Change	Comment
Tungsten Mining (TGN)	0.16	-2c [-11.1%]	Price fall on slipping relative strength
Redbubble (RBL)	4.43	-52c [-10.5%]	Volume 2.4 times average
Iselect (ISU)	0.32	-3.5c [-9.9%]	Price fall on slipping relative strength
Pivotal Systems Corporation (PVS)	0.8	-8c [-9.1%]	Volume 2.2 times average
Danakali (DNK)	0.37	-3c [-7.5%]	Volume 2.6 times average
Motorcycle Holdings (MTO)	2.55	-20c [-7.3%]
Austal (ASB)	2.95	-22c [-6.9%]	Price fall on slipping relative strength
Pro-Pac Packaging (PPG)	0.21	-1.5c [-6.7%]	Volume 1.7 times average
City Chic Collective (CCX)	2.6	-18c [-6.5%]	Volume 2.3 times average
Objective (OCL)	12.2	-82c [-6.3%]	Price fall on falling relative strength
Praemium (PPS)	0.67	-4.5c [-6.3%]	Volume 1.7 times average
Kogan.com (KGN)	20.61	$A-1.37 [-6.2%]	Price fall on falling relative strength
Terramin Australia (TZN)	0.05	-0.3c [-6.1%]	Price fall on falling relative strength
Baby Bunting Group (BBN)	4.2	-27c [-6.0%]	Price fall on falling relative strength
Heron Resources (HRR)	0.05	-0.3c [-6.0%]	Price fall on slipping relative strength
Nick Scali (NCK)	8.42	-53c [-5.9%]	Volume 2.2 times average
AVZ Minerals (AVZ)	0.08	-0.5c [-5.8%]	Volume 1.6 times average
Aurelia Metals (AMI)	0.49	-3c [-5.7%]	Falls for a second consecutive day
Adairs (ADH)	3.64	-22c [-5.7%]	Volume 2.9 times average
EML Payments (EML)	3.48	-21c [-5.7%]	Falls for a second consecutive day

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company Name	Last, AUD	Comment*
Champion Iron(CIA)	3.07	Bullish Engulfing
Downer EDI(DOW)	4.81	Bullish Engulfing
Mirvac Group(MGR)	2.23	Bullish Engulfing
Nickel Mines(NIC)	1	Bullish Engulfing
Orica(ORI)	16.16	Bullish Engulfing
Perenti Global(PRN)	1.15	Bullish Engulfing
Lynas(LYC)	2.94	Bullish Kicker
Mineral Resources(MIN)	25.61	Bullish Kicker
Pact Group(PGH)	2.41	Bullish Kicker
Pilbara Minerals(PLS)	0.42	Bullish Kicker
CSR(CSR)	4.72	Inverted Hammer
Pinnacle Investment Management Group(PNI)	5.25	Inverted Hammer
Reliance Worldwide Corporation(RWC)	4.17	Inverted Hammer
Treasury Wine Estates(TWE)	9.04	Inverted Hammer
Audinate Group(AD8)	7.11	Bullish Harami
InvoCare(IVC)	10.51	Bullish Harami
News(NWS)	19.44	Bullish Harami

* 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.
* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company Name	Last, AUD	Comment*
Collins Foods(CKF)	10.29	Bearish Engulfing
Moelis Australia(MOE)	4.06	Bearish Engulfing
Eagers Automotive(APE)	11.61	Bearish Kicker
Auckland International Airport(AIA)	6.84	Shooting Star

* 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
* A Bearish Kicker Chart pattern is formed at the end of an uptrend, when it encounters resistance in an overbought area.
* A Shooting Star chart pattern is a bearish pattern indicative of a possible trend reversal. Usually it foreshadows a lower open in the next session.

SECTION 7 TOP THREE AND BOTTOM THREE

7.1 Today’s MCap changes of Heavyweights
Top three Stocks

Company Name	Last, AUD	MCap rise $US	MCap Last $USB
Coca-Cola Amatil (CCL)	$A12.5	1.3 B	9
CSL (CSL)	$A296	536.9 M	134.7
Telstra (TLS)	$A2.76	356.8 M	32.8

Bottom three Stocks

Company Name	Last, AUD	MCap fall $US	MCap Last $USB
BHP (BHP)	$A35.73	1.4 B	181.2
Rio Tinto (RIO)	$A94.66	1.2 B	153.2
National Australia Bank (NAB)	$A19.33	658 M	63.6

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

Company Name	Last, AUD	PVAUD1000 [1week]
Sunland Group (SDG)	2.03	1,526
New Century Resources (NCZ)	0.18	1,286
Onevue Holdings (OVH)	0.42	1,250

Bottom three Stocks

Company Name	Last, AUD	PVAUD1000 [1week]
Iluka Resources (ILU)	5.31	546
Redbubble (RBL)	4.43	791
Kogan.com (KGN)	20.61	822

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

Company Name	Last, AUD	PVAUD1000 [1year]
Afterpay (APT)	100.76	3,473
Kogan.com (KGN)	20.61	3,095
Pushpay Holdings (PPH)	8.56	2,863

Bottom three Stocks

Company Name	Last, AUD	PVAUD1000 [1year]
Mosaic Brands (MOZ)	0.67	252
Heron Resources (HRR)	0.05	269
SKY Network Television (SKT)	0.14	283

SECTION 8 Bullish Indicators

Description	Value	Rank In Indices
Aggregate MCap	$A2,248 billion	In Top 5%
Today's Trading Turnover	$A4.8 billion	In Top 5%
Annual Revenue	$A928.6 billion	In Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 30 Sep)

In the past 4 years, the All Ordinaries Index has jumped 8.8% from 5,525 to 6,009; an average annual compound rise of 2.1%.

	2020	2019	2018	2017	2016
Index 30 Sep	6,009	6,801	6,326	5,745	5,525
Index Change (%)	-11.6	7.5	10.1	4	9.2
Avg Daily Turnover ($A Billion)	6	5	4.3	4.4	4.2

SECTION 10 ANNOUNCEMENTS

10.1 Annual General Meeting

Code	Excerpts	Source
COI	Comet Ridge has announced its Annual General Meeting will take place on Friday, November 27.	BuySellSignals
COI	Comet Ridge has announced its Annual General Meeting will take place on Friday, November 27.	BuySellSignals
MSB	Mesoblast has announced its Annual General Meeting will take place on Tuesday, November 24.	BuySellSignals
MSB	Mesoblast has announced its Annual General Meeting will take place on Tuesday, November 24.	BuySellSignals
NAN	Nanosonics has announced its Annual General Meeting will take place on Tuesday, November 24.	BuySellSignals
NAN	Nanosonics has announced its Annual General Meeting will take place on Tuesday, November 24.	BuySellSignals

10.2 Buyback of Shares

Code	Excerpts	Source
HT1	HT&E (HT1.AU) announced a buyback of 90,000 shares worth AUD136,800 (or $US97,671) on October 23, 2020.	BuySellSignals
HT1	HT&E (HT1.AU) announced a buyback of 90,000 shares worth AUD136,800 (or $US97,671) on October 23, 2020.	BuySellSignals
ORA	Orora (ORA.AU) announced a buyback of 326,889 shares worth AUD895,676 (or $US639,483) on October 23, 2020.	BuySellSignals
ORA	Orora (ORA.AU) announced a buyback of 326,889 shares worth AUD895,676 (or $US639,483) on October 23, 2020.	BuySellSignals
VEA	Viva Energy Group (VEA.AU) announced a buyback of 153,581 shares worth AUD268,767 (or $US191,891) on October 23, 2020.	BuySellSignals
VEA	Viva Energy Group (VEA.AU) announced a buyback of 153,581 shares worth AUD268,767 (or $US191,891) on October 23, 2020.	BuySellSignals

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

Commodities	Price ($US)	% Change	Unit	% YTD
Gold	1,905	0.03	Troy Ounce	26
Silver	24.68	-0.14	Troy Ounce	37.6
Copper	3.13	-0.78	Pound	9.6
Crude oil	39.85	-1.94	Barrel	-30.4
Natural gas	2.97	-1.2	MMBTU	30
Class iii milk	21.63	0.05	100 Pounds	12
Corn	420	1.06	100 Bushels	8.4
Soybean oil	34.15	1.28	100 Pounds	-1.1
Soybean	1,086	1.33	100 Bushels	15.1

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

Indices	Close	% Change	% YTD Change
This Market
All Ordinaries	6,357	-0.3	-6.3
S&P/ASX 200	6,156	-0.2	-7.74
Compare with:
HSI	24,919	0.5	-11.6
Dow Jones Industrials	28,336	-0.1	-0.71
S&P 500	3,465	0.3	7.3
FTSE 100	5,860	1.3	-22.3
Nikkei 225	23,514	-0.01	-0.77

11.3 Macro Economic Indicators: Australia

Indicator	Value
GDP (USD Billion)	1,393
GDP growth yoy (%)	(-6.3)
Interest rate (%)	0.25
Inflation rate (%)	(-0.3)
Public debt (USD) (billion)	400.9
Public debt per person (USD)	16,819
Total annual debt change (%)	0.5
Debt to GDP ratio (%)	45.1
Budget Deficit to GDP(%)	0.2
Current account Surplus to GDP(%)	0.2
Population (million)	23.9

11.4 Australia Sovereign Bonds [with Change in basis points]

Term of Maturity	Today's Yield (%)	Today's Change	YTD Change
Australia 3-Year	0.142	.9	-76
Australia 5-Year	0.3	.1	-69
Australia 10-Year	0.846	1.6	-53
Australia 15-Year	1.157	.6	-32

Australian Rating Summary

Rating Agency	Long Term	Foreign Currency	Description
Moody's	Aaa
S&P	AAA		Extremely strong capacity to meet financial commitments. Highest Rating.
FITCH	AAA		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