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

Currency	Australian Dollar (AUD)
Exchange rate	USD1 = AUD1.4425; AUD1 = 0.6932 USD
Exchange Name	Australian Securities Exchange (ASX)
Last	6,036
52-Week Range	4,564 - 7,255
Total Market Cap	AUD2,150 billion (USD 1,490.6 billion)
% change YTD	-11.26
Number of constituents	476
Avg. daily turnover	AUD 6 billion (USD 4.2 billion)

TODAY'S TRADING SNAPSHOT

Stocks	No.	%
Declined	272	57.1
Advanced	128	26.9
Unchanged	62	13
Untraded	14	2.9
Total	476	100

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

FX	Close Jul 10	Jul 09	Daily Change %	YTD change %
AUD/EUR	0.6149	0.6151	0.04	-1.65
AUD/CAD	0.9437	0.9439	0.02	3.22
AUD/SEK	6.4187	6.4404	0.34	-2.04
AUD/NOK	6.5997	6.6602	0.93	6.85

The Australian Dollar fell against the following currencies:

FX	Close Jul 10	Jul 09	Daily Change %	YTD change %
AUD/USD	0.693	0.6874	-0.8	-1.1
AUD/JPY	74.0744	73.2134	-1.15	-2.75
AUD/GBP	0.5508	0.5486	-0.39	3.1
AUD/CHF	0.6528	0.6513	-0.23	-3.74
AUD/CNY	4.8568	4.8318	-0.51	-0.67
AUD/HKD	5.3708	5.328	-0.79	-1.54
AUD/NZD	1.0573	1.0534	-0.37	1.56
AUD/KRW	834.9842	834.862	-0.01	3.06
AUD/SGD	0.9664	0.9614	-0.51	2.38
AUD/MXN	15.8024	15.7543	-0.3	19.14

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company Name	Last, AUD	% Yield
Orora (ORA)	2.49	25.2
Navigator Global Investments (NGI)	1.21	21.6
Whitehaven Coal (WHC)	1.46	21.6
IVE Group (IGL)	0.79	20.8
Jupiter Mines (JMS)	0.28	16.7
Stanmore Coal (SMR)	0.67	16.4
Yancoal Australia (YAL)	2.06	15.3
Coronado Global Resources (CRN)	0.97	14.6
Neometals (NMT)	0.14	13.8
Flight Centre Travel (FLT)	10.54	13.1
G8 Education (GEM)	0.83	12.9
Suncorp Group (SUN)	8.78	12.7
OOH Media (OML)	0.88	12.5
GTN (GTN)	0.39	11.8
Harvey Norman (HVN)	3.52	11.1
Midway (MWY)	0.82	11
New Hope (NHC)	1.38	10.9
Japara Healthcare (JHC)	0.49	10.8
Scentre Group (SCG)	2.12	10.7
SG Fleet (SGF)	1.56	10.5

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company Name	Last, AUD	P/E
Horizon Oil (HZN)	0.06	1.6
Slater & Gordon (SGH)	0.68	1.7
Stanmore Coal (SMR)	0.67	1.9
Bathurst Resources (BRL)	0.05	1.9
Decmil Group (DCG)	0.05	2.3
Australis Oil & Gas (ATS)	0.03	2.6
Midway (MWY)	0.82	2.6
Whitehaven Coal (WHC)	1.46	2.7
Grange Resources (GRR)	0.24	3.5
Perenti Global (PRN)	1.09	3.6
IVE Group (IGL)	0.79	3.7
Yancoal Australia (YAL)	2.06	3.8
Base Resources (BSE)	0.2	4.2
OM Holdings (OMH)	0.35	4.4
Flight Centre Travel (FLT)	10.54	4.5
Kathmandu Holdings (KMD)	1.08	4.6
Panoramic Resources (PAN)	0.07	4.7
Zimplats Holdings (ZIM)	9.2	4.7
Navigator Global Investments (NGI)	1.21	5
Garda Property Group (GDF)	1	5.3

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
Xero (XRO)	93.18	94.31
OZ Minerals (OZL)	12.18	12.18
Zip Co (Z1P)	7.24	7.71
Netwealth Group (NWL)	10.7	10.76
Silver Lake Resources (SLR)	2.32	2.41
FBR (FBR)	0.09	0.1

3.2 Top Twenty on price rises

Company Name	Last, AUD	Price Change	Comment
Fluence Corporation (FLC)	0.23	3.5c [17.5%]	Volume 4.1 times average
Pivotal Systems Corporation (PVS)	1.26	13c [11.5%]	Price/MAP50 above 1
AJ Lucas Group (AJL)	0.04	0.3c [8.8%]	Price rise on rising relative strength
Paladin Energy (PDN)	0.12	1c [8.7%]	Price rise on rising relative strength
Zip Co (Z1P)	7.24	54c [8.1%]	Volume 4 times average
Magnis Energy Technologies (MNS)	0.09	0.6c [6.9%]	Volume 3 times average
Netwealth Group (NWL)	10.7	57c [5.6%]	Volume 2.4 times average
Pilbara Minerals (PLS)	0.31	1.5c [5.1%]	up 14.81% in the past week
Pacific Smiles (PSQ)	1.57	7.5c [5.0%]	Price/MAP50 above 1
Praemium (PPS)	0.47	2c [4.4%]	Volume 1.6 times average
Hastings Technology Metals (HAS)	0.12	0.5c [4.3%]	Price/MAP50 above 1
Audio Pixels (AKP)	19.88	77c [4.0%]	Price/MAP50 above 1 and rising
Clean TeQ (CLQ)	0.13	0.5c [4.0%]	Volume 6 times average
Elanor Investors (ENN)	1.05	4c [4.0%]
Synlait Milk (SM1)	6.65	25c [3.9%]	Price rise on rising relative strength
AVZ Minerals (AVZ)	0.06	0.2c [3.8%]	Price rise on rising relative strength
Australian Vintage (AVG)	0.42	1.5c [3.7%]	Price rise on rising relative strength
Jupiter Mines (JMS)	0.28	1c [3.6%]	Rises for a second consecutive day
Energy Resources of Australia (ERA)	0.17	0.5c [3.1%]	Price rise on rising relative strength
New Century Resources (NCZ)	0.18	0.5c [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 Name	Last, AUD	52-Wk Low, AUD
K & S (KSC)	1.18	1.18
Panoramic Resources (PAN)	0.07	0.07

4.2 Bottom Twenty on price falls

Company Name	Last, AUD	Price Change	Comment
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)	29.1	AUD-1.50 [-4.9%]	Volume 2.6 times average

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company Name	Last, AUD	Comment*
The A2 Milk(A2M)	19.4	Bullish Harami
AUB Group(AUB)	14.65	Bullish Harami
IPH(IPH)	7.75	Bullish Harami
Synlait Milk(SM1)	6.65	Bullish Harami
Ansell(ANN)	37.49	Bullish Engulfing
Xero(XRO)	93.18	Bullish Kicker
Goodman Group(GMG)	15.24	Inverted 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 Name	Last, AUD	Comment*
Nick Scali(NCK)	6.5	Bearish 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 Name	Last, AUD	MCap rise $USM	MCap Last $USB
CSL (CSL)	AUD282.37	735.3	128.2
Woolworths Group (WOW)	AUD38.51	378.9	48.6
Commonwealth Bank (CBA)	AUD70.63	371.8	125

Bottom three Stocks

Company Name	Last, AUD	MCap fall $USB	MCap Last $USB
Avita Medical (AVH)	AUD7.88	1.4	16.9
BHP (BHP)	AUD36.19	1.4	183.5
Rio Tinto (RIO)	AUD97.99	1.1	158.5

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

Company Name	Last, AUD	PVAUD1000 [1week]
Freelancer (FLN)	0.65	1,444
Zip Co (Z1P)	7.24	1,261
Praemium (PPS)	0.47	1,250

Bottom three Stocks

Company Name	Last, AUD	PVAUD1000 [1week]
Experience Co (EXP)	0.1	750
Pro-Pac Packaging (PPG)	0.15	795
Capitol Health (CAJ)	0.21	824

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

Company Name	Last, AUD	PVAUD1000 [1year]
Australian Ethical Investment (AEF)	6.48	3,750
Kogan.com (KGN)	17.29	3,393
Objective (OCL)	9.16	3,285

Bottom three Stocks

Company Name	Last, AUD	PVAUD1000 [1year]
Phoslock Environmental Technologies (PET)	0.31	221
Mosaic Brands (MOZ)	0.6	227
Southern Cross Media (SXL)	0.17	228

SECTION 8 Bullish Indicators

Description	Value	Rank In Indices
Aggregate MCap	AUD2,150.2 billion	In Top 5%
Today's Trading Turnover	AUD4.7 billion	In Top 5%
Annual Revenue	AUD903.8 billion	In 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%.

	2020	2019	2018	2017	2016
Index 30 Jun	6,001	6,699	6,290	5,764	5,310
Index Change (%)	-10.4	6.5	9.1	8.5	-2.6
Avg Daily Turnover (AUD Billion)	6	4.7	4.3	4.4	4.2

SECTION 10 ANNOUNCEMENTS

10.1 Annual General Meeting

Code	Excerpts	Source
OFX	OFX Group has announced its Annual General Meeting will take place on Tuesday, August 11.	BuySellSignals
XRO	Xero has announced its Annual General Meeting will take place on Thursday, August 13.	BuySellSignals

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

Commodities	Price ($US)	% Change	Unit	% YTD
Gold	1,804	-0.92	Troy Ounce	19.3
Silver	18.96	-1.04	Troy Ounce	5.8
Copper	2.84	0.51	Pound	-0.6
Crude oil	39.62	-3.13	Barrel	-30.8
Natural gas	1.78	-2.47	MMBTU	-22.2
Class iii milk	24.18	1.68	100 Pounds	25.2
Corn	352	0.98	100 Bushels	-9.2
Soybean oil	28.24	-0.77	100 Pounds	-18.2
Soybean	901	0.49	100 Bushels	-4.5

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

Indices	Close	% Change	% YTD Change
This Market
All Ordinaries	6,036	-0.6	-10.69
S&P/ASX 200	5,919	-0.6	-10.9
Compare with:
HSI	25,760	-1.7	-7.02
Nikkei 225	22,477	-0.2	-4.4
FTSE 100	6,050	-1.7	-19.79
Dow Jones Industrials	25,706	-1.4	-9.92
S&P 500	3,152	-0.6	-2.44

11.3 Macro Economic Indicators: Australia

Indicator	Value
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 Maturity	Today's Yield (%)	Today's Change	YTD Change
Australia 3-Year	0.254	-.2	-65
Australia 5-Year	0.398	.1	-59
Australia 10-Year	0.89	-1	-48
Australia 15-Year	1.212	-2.7	-27

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