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

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4; AUD1 = 0.71 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,357
52-Week Range4,564 - 7,255
Total Market Cap$A2,248 billion (USD 1,600.8 billion)
% change YTD-6.54
Number of constituents474
Avg. daily turnoverAUD 6 billion (USD 4.3 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Declined24651.9
Advanced14931.4
Unchanged6012.7
Untraded194
Total474100


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

FXClose Oct 26Oct 25Daily Change %YTD change %
AUD/USD0.71140.7120.091.52
AUD/JPY74.607274.7930.25-2.05
AUD/GBP0.54610.5480.342.23
AUD/CAD0.93640.9380.182.42
AUD/CNY4.75624.76090.1-2.72
AUD/HKD5.51325.51840.091.07
AUD/SGD0.96690.96860.182.43
AUD/NOK6.60336.61070.116.91


The Australian Dollar fell against the following currencies:

FXClose Oct 26Oct 25Daily Change %YTD change %
AUD/EUR0.60120.6003-0.15-3.84
AUD/CHF0.64390.6429-0.15-5.05
AUD/NZD1.06411.0612-0.282.21
AUD/SEK6.23726.2321-0.08-4.81
AUD/KRW803.1682800.811-0.29-0.86
AUD/MXN14.904914.8786-0.1812.37

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Orora (ORA)2.7422
Genworth Mortgage Insurance Australia (GMA)1.7118.6
Seven West Media (SWM)0.1717.6
Jupiter Mines (JMS)0.2816.7
Base Resources (BSE)0.2314.9
Southern Cross Media (SXL)0.1814.9
Navigator Global Investments (NGI)1.5712.9
Kina Securities (KSL)0.7611.7
IVE Group (IGL)0.7511.5
Unibail-Rodamco-Westfield (URW)3.0810.6
Yancoal Australia (YAL)210.6
Fortescue Metals (FMG)16.6110.6
Neometals (NMT)0.210
Australian Unity Office Fund (AOF)2.118.9
New Energy Solar (NEW)0.798.9
IOOF Holdings (IFL)3.218.6
Servcorp (SRV)2.358.5
Cromwell Property (CMW)0.98.3
Grange Resources (GRR)0.248.3
Centuria Office REIT (COF)2.128.2

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Cardno (CDD)0.32.4
Australis Oil & Gas (ATS)0.032.5
Grange Resources (GRR)0.243.4
Yancoal Australia (YAL)23.7
Perenti Global (PRN)1.153.8
OM Holdings (OMH)0.313.9
Emeco Holdings (EHL)0.783.9
Energy World (EWC)0.064.3
Mineral Resources (MIN)25.614.8
Base Resources (BSE)0.234.9
Kathmandu Holdings (KMD)1.155
Stanmore Coal (SMR)0.725.5
Zimplats Holdings (ZIM)10.855.7
Jupiter Mines (JMS)0.285.9
Genworth Mortgage Insurance Australia (GMA)1.716
Helloworld Travel (HLO)1.886.1
Beach Energy (BPT)1.336.1
Shine Justice (SHJ)0.857.1
Silver Lake Resources (SLR)2.227.2
GDI Property (GDI)1.097.2


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
REA Group (REA)126.17127.62
Wisetech Global (WTC)29.4530.29
Nickel Mines (NIC)11.03
Pilbara Minerals (PLS)0.420.44
Rural Funds (RFF)2.432.43
Regional Express (REX)1.441.48


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Coca-Cola Amatil (CCL)12.5$A1.75 [16.3%]Volume 13.2 times average
Terracom (TER)0.151.5c [11.1%]Price rise on rising relative strength
GTN (GTN)0.422.5c [6.3%]Price rise on beating relative strength
Elanor Retail Property Fund (ERF)0.935c [5.7%]Price rise on beating relative strength
Ioneer (INR)0.191c [5.6%]Price rise on beating relative strength
Cash Converters (CCV)0.21c [5.3%]Price rise on beating relative strength
Pilbara Minerals (PLS)0.422c [5.0%]Price rise on rising relative strength
Myer Holdings (MYR)0.241c [4.3%]Volume 1.3 times average
Panoramic Resources (PAN)0.120.5c [4.3%]Volume 2.9 times average
IDP Education (IEL)20.3483c [4.2%]Price/MAP50 above 1 and rising
Paladin Energy (PDN)0.120.5c [4.2%]Price rise on rising relative strength
Livetiles (LVT)0.261c [4.0%]Price rise on rising relative strength
Michael Hill International (MHJ)0.532c [3.9%]Price rise on beating relative strength
Aeon Metals (AML)0.140.5c [3.9%]Volume 1.4 times average
Australian Pharmaceutical Industries (API)1.14c [3.8%]Price rise on beating relative strength
Iluka Resources (ILU)5.3119c [3.7%]Volume 3 times average
Monash IVF (MVF)0.592c [3.5%] 
Rural Funds (RFF)2.438c [3.4%]Price/MAP50 above 1
Corporate Travel Management (CTD)1859c [3.4%]Price/MAP50 above 1 and rising
Cardno (CDD)0.31c [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 NameLast, AUD52-Wk Low, AUD
Cann Group (CAN)0.380.38
Ainsworth Game Technology (AGI)0.280.28


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
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 NameLast, AUDComment*
Champion Iron(CIA)3.07Bullish Engulfing
Downer EDI(DOW)4.81Bullish Engulfing
Mirvac Group(MGR)2.23Bullish Engulfing
Nickel Mines(NIC)1Bullish Engulfing
Orica(ORI)16.16Bullish Engulfing
Perenti Global(PRN)1.15Bullish Engulfing
Lynas(LYC)2.94Bullish Kicker
Mineral Resources(MIN)25.61Bullish Kicker
Pact Group(PGH)2.41Bullish Kicker
Pilbara Minerals(PLS)0.42Bullish Kicker
CSR(CSR)4.72Inverted Hammer
Pinnacle Investment Management Group(PNI)5.25Inverted Hammer
Reliance Worldwide Corporation(RWC)4.17Inverted Hammer
Treasury Wine Estates(TWE)9.04Inverted Hammer
Audinate Group(AD8)7.11Bullish Harami
InvoCare(IVC)10.51Bullish Harami
News(NWS)19.44Bullish 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 NameLast, AUDComment*
Collins Foods(CKF)10.29Bearish Engulfing
Moelis Australia(MOE)4.06Bearish Engulfing
Eagers Automotive(APE)11.61Bearish Kicker
Auckland International Airport(AIA)6.84Shooting 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 NameLast, AUDMCap rise $USMCap Last $USB
Coca-Cola Amatil (CCL)$A12.51.3 B9
CSL (CSL)$A296536.9 M134.7
Telstra (TLS)$A2.76356.8 M32.8


Bottom three Stocks

Company NameLast, AUDMCap fall $USMCap Last $USB
BHP (BHP)$A35.731.4 B181.2
Rio Tinto (RIO)$A94.661.2 B153.2
National Australia Bank (NAB)$A19.33658 M63.6


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

Company NameLast, AUDPVAUD1000 [1week]
Sunland Group (SDG)2.031,526
New Century Resources (NCZ)0.181,286
Onevue Holdings (OVH)0.421,250


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1week]
Iluka Resources (ILU)5.31546
Redbubble (RBL)4.43791
Kogan.com (KGN)20.61822


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

Company NameLast, AUDPVAUD1000 [1year]
Afterpay (APT)100.763,473
Kogan.com (KGN)20.613,095
Pushpay Holdings (PPH)8.562,863


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1year]
Mosaic Brands (MOZ)0.67252
Heron Resources (HRR)0.05269
SKY Network Television (SKT)0.14283


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,248 billionIn Top 5%
Today's Trading Turnover$A4.8 billionIn Top 5%
Annual Revenue$A928.6 billionIn 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%.

 20202019201820172016
Index 30 Sep6,0096,8016,3265,7455,525
Index Change (%)-11.67.510.149.2
Avg Daily Turnover ($A Billion)654.34.44.2


SECTION 10 ANNOUNCEMENTS

10.1 Annual General Meeting

CodeExcerptsSource
COIComet Ridge has announced its Annual General Meeting will take place on Friday, November 27. BuySellSignals
COIComet Ridge has announced its Annual General Meeting will take place on Friday, November 27. BuySellSignals
MSBMesoblast has announced its Annual General Meeting will take place on Tuesday, November 24. BuySellSignals
MSBMesoblast has announced its Annual General Meeting will take place on Tuesday, November 24. BuySellSignals
NANNanosonics has announced its Annual General Meeting will take place on Tuesday, November 24. BuySellSignals
NANNanosonics has announced its Annual General Meeting will take place on Tuesday, November 24. BuySellSignals


10.2 Buyback of Shares

CodeExcerptsSource
HT1HT&E (HT1.AU) announced a buyback of 90,000 shares worth AUD136,800 (or $US97,671) on October 23, 2020. BuySellSignals
HT1HT&E (HT1.AU) announced a buyback of 90,000 shares worth AUD136,800 (or $US97,671) on October 23, 2020. BuySellSignals
ORAOrora (ORA.AU) announced a buyback of 326,889 shares worth AUD895,676 (or $US639,483) on October 23, 2020. BuySellSignals
ORAOrora (ORA.AU) announced a buyback of 326,889 shares worth AUD895,676 (or $US639,483) on October 23, 2020. BuySellSignals
VEAViva Energy Group (VEA.AU) announced a buyback of 153,581 shares worth AUD268,767 (or $US191,891) on October 23, 2020. BuySellSignals
VEAViva 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

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,9050.03Troy Ounce26
Silver24.68-0.14Troy Ounce37.6
Copper3.13-0.78Pound9.6
Crude oil39.85-1.94Barrel-30.4
Natural gas2.97-1.2MMBTU30
Class iii milk21.630.05100 Pounds12
Corn4201.06100 Bushels8.4
Soybean oil34.151.28100 Pounds-1.1
Soybean1,0861.33100 Bushels15.1


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,357-0.3-6.3
S&P/ASX 2006,156-0.2-7.74
Compare with:   
HSI24,9190.5-11.6
Dow Jones Industrials28,336-0.1-0.71
S&P 5003,4650.37.3
FTSE 1005,8601.3-22.3
Nikkei 22523,514-0.01-0.77


11.3 Macro Economic Indicators: Australia

IndicatorValue
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 MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.142.9-76
Australia 5-Year0.3.1-69
Australia 10-Year0.8461.6-53
Australia 15-Year1.157.6-32


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