Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index decreases 38.6 points, ends week 2.1% lower
Friday July 10, 2020


The All Ordinaries Index decreased 38.6 points (or 0.6%) to close at 6,036.

Market capitalization of the Australian All Ordinaries Index fell 0.7% or AUD14.6 billion to AUD2,150.2 billion on Friday. Amongst the 462 Stocks traded in the All Ordinaries Index today, 272 (57.1%) declined, 128 (26.9%) advanced and 62 (13%) were unchanged. 14 (2.9%) were untraded.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4425; AUD1 = 0.6932 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,036
52-Week Range4,564 - 7,255
Total Market CapAUD2,150 billion (USD 1,490.6 billion)
% change YTD-11.26
Number of constituents476
Avg. daily turnoverAUD 6 billion (USD 4.2 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Declined27257.1
Advanced12826.9
Unchanged6213
Untraded142.9
Total476100


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

FXClose Jul 10Jul 09Daily Change %YTD change %
AUD/EUR0.61490.61510.04-1.65
AUD/CAD0.94370.94390.023.22
AUD/SEK6.41876.44040.34-2.04
AUD/NOK6.59976.66020.936.85


The Australian Dollar fell against the following currencies:

FXClose Jul 10Jul 09Daily Change %YTD change %
AUD/USD0.6930.6874-0.8-1.1
AUD/JPY74.074473.2134-1.15-2.75
AUD/GBP0.55080.5486-0.393.1
AUD/CHF0.65280.6513-0.23-3.74
AUD/CNY4.85684.8318-0.51-0.67
AUD/HKD5.37085.328-0.79-1.54
AUD/NZD1.05731.0534-0.371.56
AUD/KRW834.9842834.862-0.013.06
AUD/SGD0.96640.9614-0.512.38
AUD/MXN15.802415.7543-0.319.14

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Orora (ORA)2.4925.2
Navigator Global Investments (NGI)1.2121.6
Whitehaven Coal (WHC)1.4621.6
IVE Group (IGL)0.7920.8
Jupiter Mines (JMS)0.2816.7
Stanmore Coal (SMR)0.6716.4
Yancoal Australia (YAL)2.0615.3
Coronado Global Resources (CRN)0.9714.6
Neometals (NMT)0.1413.8
Flight Centre Travel (FLT)10.5413.1
G8 Education (GEM)0.8312.9
Suncorp Group (SUN)8.7812.7
OOH Media (OML)0.8812.5
GTN (GTN)0.3911.8
Harvey Norman (HVN)3.5211.1
Midway (MWY)0.8211
New Hope (NHC)1.3810.9
Japara Healthcare (JHC)0.4910.8
Scentre Group (SCG)2.1210.7
SG Fleet (SGF)1.5610.5

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Horizon Oil (HZN)0.061.6
Slater & Gordon (SGH)0.681.7
Stanmore Coal (SMR)0.671.9
Bathurst Resources (BRL)0.051.9
Decmil Group (DCG)0.052.3
Australis Oil & Gas (ATS)0.032.6
Midway (MWY)0.822.6
Whitehaven Coal (WHC)1.462.7
Grange Resources (GRR)0.243.5
Perenti Global (PRN)1.093.6
IVE Group (IGL)0.793.7
Yancoal Australia (YAL)2.063.8
Base Resources (BSE)0.24.2
OM Holdings (OMH)0.354.4
Flight Centre Travel (FLT)10.544.5
Kathmandu Holdings (KMD)1.084.6
Panoramic Resources (PAN)0.074.7
Zimplats Holdings (ZIM)9.24.7
Navigator Global Investments (NGI)1.215
Garda Property Group (GDF)15.3


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
Xero (XRO)93.1894.31
OZ Minerals (OZL)12.1812.18
Zip Co (Z1P)7.247.71
Netwealth Group (NWL)10.710.76
Silver Lake Resources (SLR)2.322.41
FBR (FBR)0.090.1


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Fluence Corporation (FLC)0.233.5c [17.5%]Volume 4.1 times average
Pivotal Systems Corporation (PVS)1.2613c [11.5%]Price/MAP50 above 1
AJ Lucas Group (AJL)0.040.3c [8.8%]Price rise on rising relative strength
Paladin Energy (PDN)0.121c [8.7%]Price rise on rising relative strength
Zip Co (Z1P)7.2454c [8.1%]Volume 4 times average
Magnis Energy Technologies (MNS)0.090.6c [6.9%]Volume 3 times average
Netwealth Group (NWL)10.757c [5.6%]Volume 2.4 times average
Pilbara Minerals (PLS)0.311.5c [5.1%]up 14.81% in the past week
Pacific Smiles (PSQ)1.577.5c [5.0%]Price/MAP50 above 1
Praemium (PPS)0.472c [4.4%]Volume 1.6 times average
Hastings Technology Metals (HAS)0.120.5c [4.3%]Price/MAP50 above 1
Audio Pixels (AKP)19.8877c [4.0%]Price/MAP50 above 1 and rising
Clean TeQ (CLQ)0.130.5c [4.0%]Volume 6 times average
Elanor Investors (ENN)1.054c [4.0%] 
Synlait Milk (SM1)6.6525c [3.9%]Price rise on rising relative strength
AVZ Minerals (AVZ)0.060.2c [3.8%]Price rise on rising relative strength
Australian Vintage (AVG)0.421.5c [3.7%]Price rise on rising relative strength
Jupiter Mines (JMS)0.281c [3.6%]Rises for a second consecutive day
Energy Resources of Australia (ERA)0.170.5c [3.1%]Price rise on rising relative strength
New Century Resources (NCZ)0.180.5c [2.9%]Price/MAP50 above 1


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
K & S (KSC)1.181.18
Panoramic Resources (PAN)0.070.07


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Terramin Australia (TZN)0.04-1c [-18.2%]Price fall on falling relative strength
Pantoro (PNR)0.24-2.5c [-9.3%]Price fall on slipping relative strength
FAR (FAR)0.01-0.1c [-8.3%]Price fall on slipping relative strength
Heron Resources (HRR)0.04-0.4c [-8.3%]Price/MAP50 below 1
Eclipx Group (ECX)1.23-11c [-8.2%]Price fall on slipping relative strength
Avita Medical (AVH)7.88-64c [-7.5%]Price/MAP50 below 1 and falling
Comet Ridge (COI)0.09-0.7c [-7.2%]Price fall on slipping relative strength
Corporate Travel Management (CTD)8.83-66c [-7.0%]Price fall on falling relative strength
Navigator Global Investments (NGI)1.21-9c [-7.0%]Price fall on slipping relative strength
Karoon Energy (KAR)0.56-4c [-6.6%]Price fall on slipping relative strength
Bell Financial (BFG)1.25-8.5c [-6.3%]Volume 2.4 times average
Cardno (CDD)0.23-1.5c [-6.2%]Price/MAP50 below 1
Dacian Gold (DCN)0.4-2.5c [-6.0%]Volume 1.4 times average
Amaysim Australia (AYS)0.56-3.5c [-5.8%]Price fall on falling relative strength
Schaffer (SFC)12-70c [-5.5%]Price/MAP50 below 1 and falling
BUBS Australia (BUB)1.04-6c [-5.5%]Price/MAP50 below 1
Pinnacle Investment Management Group (PNI)4.26-24c [-5.3%]Price fall on slipping relative strength
FSA Group (FSA)0.87-4.5c [-4.9%]Price/MAP50 below 1
MMA Offshore (MRM)0.06-0.3c [-4.9%]Price fall on slipping relative strength
Janus Henderson Group (JHG)29.1AUD-1.50 [-4.9%]Volume 2.6 times average


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
The A2 Milk(A2M)19.4Bullish Harami
AUB Group(AUB)14.65Bullish Harami
IPH(IPH)7.75Bullish Harami
Synlait Milk(SM1)6.65Bullish Harami
Ansell(ANN)37.49Bullish Engulfing
Xero(XRO)93.18Bullish Kicker
Goodman Group(GMG)15.24Inverted 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*
Nick Scali(NCK)6.5Bearish 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 $USMMCap Last $USB
CSL (CSL)AUD282.37735.3128.2
Woolworths Group (WOW)AUD38.51378.948.6
Commonwealth Bank (CBA)AUD70.63371.8125


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
Avita Medical (AVH)AUD7.881.416.9
BHP (BHP)AUD36.191.4183.5
Rio Tinto (RIO)AUD97.991.1158.5


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

Company NameLast, AUDPVAUD1000 [1week]
Freelancer (FLN)0.651,444
Zip Co (Z1P)7.241,261
Praemium (PPS)0.471,250


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1week]
Experience Co (EXP)0.1750
Pro-Pac Packaging (PPG)0.15795
Capitol Health (CAJ)0.21824


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

Company NameLast, AUDPVAUD1000 [1year]
Australian Ethical Investment (AEF)6.483,750
Kogan.com (KGN)17.293,393
Objective (OCL)9.163,285


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1year]
Phoslock Environmental Technologies (PET)0.31221
Mosaic Brands (MOZ)0.6227
Southern Cross Media (SXL)0.17228


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCapAUD2,150.2 billionIn Top 5%
Today's Trading TurnoverAUD4.7 billionIn Top 5%
Annual RevenueAUD903.8 billionIn Top 5%

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

In the past 4 years, the All Ordinaries Index has jumped 13.0% from 5,310 to 6,001; an average annual compound rise of 3.1%.

 20202019201820172016
Index 30 Jun6,0016,6996,2905,7645,310
Index Change (%)-10.46.59.18.5-2.6
Avg Daily Turnover (AUD Billion)64.74.34.44.2


SECTION 10 ANNOUNCEMENTS

10.1 Annual General Meeting

CodeExcerptsSource
OFXOFX Group has announced its Annual General Meeting will take place on Tuesday, August 11. BuySellSignals
XROXero has announced its Annual General Meeting will take place on Thursday, August 13. BuySellSignals


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,804-0.92Troy Ounce19.3
Silver18.96-1.04Troy Ounce5.8
Copper2.840.51Pound-0.6
Crude oil39.62-3.13Barrel-30.8
Natural gas1.78-2.47MMBTU-22.2
Class iii milk24.181.68100 Pounds25.2
Corn3520.98100 Bushels-9.2
Soybean oil28.24-0.77100 Pounds-18.2
Soybean9010.49100 Bushels-4.5


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,036-0.6-10.69
S&P/ASX 2005,919-0.6-10.9
Compare with:   
HSI25,760-1.7-7.02
Nikkei 22522,477-0.2-4.4
FTSE 1006,050-1.7-19.79
Dow Jones Industrials25,706-1.4-9.92
S&P 5003,152-0.6-2.44


11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)1.4
Interest rate (%)0.25
Inflation rate (%)2.2
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 MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.254-.2-65
Australia 5-Year0.398.1-59
Australia 10-Year0.89-1-48
Australia 15-Year1.212-2.7-27


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