Picture


Daily Newsletter: All Ordinaries Index rises for a fourth consecutive day, a four-day rise of 0.8%
Monday September 16, 2019

The All Ordinaries Index rose 4.9 points (or 0.07%) to close at 6,782. The index rose for a fourth consecutive day on Monday bringing its four-day rise to 54.0 points or 0.8%. Market capitalization of the All Ordinaries Index rose 0.2% or $A3.8 billion to $A2,173.8 billion on Monday. Amongst the 476 Stocks traded in the All Ordinaries Index today, 232 (47.2%) declined, 190 (38.7%) advanced and 54 were (11%) unchanged. 15 (3%) were untraded.ALL ORDINARIES INDEX SUMMARY
CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4558; AUD1 = 0.6874 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,782
52-Week Range5,533 - 6,928
Total Market Cap$A2,174 billion (USD 1,494.3 billion)
% change YTD18.8
Number of constituents491
Avg. daily turnoverAUD 4.9 billion (USD 3.4 billion)
TODAY'S TRADING SNAPSHOT
StocksNo.%
Declined23247.2
Advanced19038.7
Unchanged5411
Untraded153
Total491100

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Coronado Global Resources (CRN)2.5321.6
Jupiter Mines (JMS)0.419
Whitehaven Coal (WHC)3.3714.8
Yancoal Australia (YAL)2.9613.1
Michael Hill International (MHJ)0.4913.1
Evans Dixon (ED1)0.8413.1
Fortescue Metals (FMG)9.0112.7
Genworth Mortgage Insurance Australia (GMA)3.3911.8
Neometals (NMT)0.1711.4
Vita Group (VTG)1.2111.3
WPP AUNZ (WPP)0.5810.9
Alumina (AWC)2.4610.7
GR Engineering Services (GNG)0.8510.6
AVJennings (AVJ)0.5410.2
OM Holdings (OMH)0.519.8
Rio Tinto (RIO)94.119.5
Alliance Aviation Services (AQZ)2.429.1
Zimplats Holdings (ZIM)9.858.9
Grange Resources (GRR)0.238.9
BHP Group (BHP)38.38.7

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)1.172.2
Grange Resources (GRR)0.232.3
OM Holdings (OMH)0.512.3
Pacific Current Group (PAC)6.23.3
AVEO (AOG)2.123.4
Cash Converters (CCV)0.163.5
Bathurst Resources (BRL)0.13.5
Apollo Tourism & Leisure (ATL)0.413.9
Stanmore Coal (SMR)1.423.9
Yancoal Australia (YAL)2.964.4
BlueScope Steel (BSL)12.634.4
Energy World (EWC)0.084.6
Base Resources (BSE)0.234.7
Neometals (NMT)0.174.7
Australian Unity Office Fund (AOF)3.024.8
ERM Power (EPW)2.434.9
Seven West Media (SWM)0.455
Euroz (EZL)1.035.2
New Energy Solar (NEW)1.265.3
Unibail-Rodamco-Westfield (URW)10.335.5

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
Santos (STO)7.758.04
Beach Energy (BPT)2.662.79
Independence Group (IGO)6.536.58
AP Eagers (APE)13.913.9
Bellamy's Australia (BAL)12.8912.98
Nickel Mines (NIC)0.730.75
Codan (CDA)4.915
Lifestyle Communities (LIC)88.11
Sigma Healthcare (SIG)0.670.68
Electro Optic Systems (EOS)6.436.5
West African Resources (WAF)0.550.56
Pacific Energy (PEA)1.111.13
Baby Bunting Group (BBN)3.553.62

3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Bellamy's Australia (BAL)12.89$A4.57 [54.9%]Volume 15.7 times average
Sundance Energy Australia (SEA)0.245c [26.3%]Volume 4.4 times average
Liquefied Natural Gas (LNG)0.295c [20.4%]Volume 3.7 times average
iSignthis (ISX)1.1411.5c [11.3%]Volume 8 times average
CI Resources (CII)1.4514.5c [11.2%]Volume 10.3 times average
Blackmores (BKL)84$A7.22 [9.4%]Volume 3.7 times average
West African Resources (WAF)0.554c [7.8%]Volume 2.3 times average
Eclipx Group (ECX)1.7312.5c [7.8%]Volume 1.7 times average
Australis Oil & Gas (ATS)0.211.5c [7.5%]Price rise on rising relative strength
Horizon Oil (HZN)0.141c [7.4%]Volume 3.3 times average
Electro Optic Systems (EOS)6.4343c [7.2%]Volume 7.8 times average
Paradigm Biopharmaceuticals (PAR)2.1314c [7.0%]Price rise on beating relative strength
Worleyparsons (WOR)13.9188c [6.8%]Volume 2 times average
Altura Mining (AJM)0.080.5c [6.5%]Volume 1.3 times average
Oil Search (OSH)7.7347c [6.5%]Volume 2.9 times average
Beach Energy (BPT)2.6615c [6.0%]Price rise on beating relative strength
Northern Star Resources (NST)1162c [6.0%]Volume 1.8 times average
Dacian Gold (DCN)1.37c [5.7%]Volume 2 times average
MMA Offshore (MRM)0.21c [5.3%]Price/MAP50 above 1
Perseus Mining (PRU)0.753.5c [4.9%]Volume 1.4 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
OM Holdings (OMH)0.510.47
Amaysim Australia (AYS)0.390.38

4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Sims Metal Management (SGM)10.9$A-1.67 [-13.3%]Volume 2.7 times average
Iselect (ISU)0.61-6.5c [-9.6%]Price/MAP50 below 1
Sheffield Resources (SFX)0.4-3c [-7.1%]Price fall on slipping relative strength
GR Engineering Services (GNG)0.85-5c [-5.6%]Volume 4.1 times average
Audinate Group (AD8)7.15-42c [-5.5%]Continues significant downtrend
Kogan.com (KGN)6.15-33c [-5.1%]Falls for a third consecutive day
Bathurst Resources (BRL)0.1-0.5c [-4.8%]Price/MAP50 below 1
Macmahon Holdings (MAH)0.21-1c [-4.5%]Price/PMAP200 below 1
Qantas Airways (QAN)6.11-29c [-4.5%]Volume 2.2 times average
Infigen Energy (IFN)0.65-3c [-4.4%]
Praemium (PPS)0.46-2c [-4.2%]Price fall on slipping relative strength
Base Resources (BSE)0.23-1c [-4.2%]Price fall on slipping relative strength
Zimplats Holdings (ZIM)9.85-40c [-3.9%]Falls for a third consecutive day
BWX (BWX)3.45-14c [-3.9%]Overbought: close to 14-day high
Steadfast Group (SDF)3.49-14c [-3.9%]Price fall on falling relative strength
Appen (APX)21-84c [-3.9%]Volume 2.6 times average
Aurelia Metals (AMI)0.5-2c [-3.9%]Price/PMAP200 below 1
AVZ Minerals (AVZ)0.05-0.2c [-3.8%]Price/PMAP200 below 1
City Chic Collective (CCX)2.05-8c [-3.8%]
MACA (MLD)0.92-3.5c [-3.7%]Volume 1.9 times average

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Beacon Lighting(BLX)1.11Inverted Hammer
Seven Group(SVW)17.81Inverted Hammer
Whitehaven Coal(WHC)3.37Inverted Hammer
Worleyparsons(WOR)13.91Inverted Hammer
Eclipx Group(ECX)1.73Bullish Kicker
Redcape Hotel Group(RDC)1.08Bullish Kicker
Lynas(LYC)2.6Bullish Engulfing
Silver Lake Resources(SLR)0.98Bullish Harami
* 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.* 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.* 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.* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
AGL Energy(AGL)18.87Bearish Kicker
Cardno(CDD)1.05Bearish Kicker
Cochlear(COH)207.44Bearish Kicker
Mirvac Group(MGR)3.04Bearish Kicker
Redbubble(RBL)1.35Bearish Kicker
Sydney Airport(SYD)7.91Bearish Kicker
Telstra(TLS)3.57Bearish Kicker
Aurizon Holdings(AZJ)5.81Hanging Man
National Storage(NSR)1.79Hanging Man
Tabcorp Holdings(TAH)4.8Hanging Man
Catapult Group(CAT)1.32Bearish Engulfing
Centuria Metropolitan(CMA)3.02Bearish Engulfing
Qube Holdings(QUB)3.19Evening Star
* A Bearish Kicker Chart pattern is formed at the end of an uptrend, when it encounters resistance in an overbought area.* A Hanging Man chart pattern is a bearish reversal pattern that usually occurs at the top of an uptrend. It suggests weakness of buyers and foreshadows a likely bearish trend over the near-term.* 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* An Evening Star pattern is an early warning retracement indicator of a bearish reversal of an uptrend

SECTION 7 TOP THREE AND BOTTOM THREE

7.1 Today's MCap changes of Heavyweights

Top three Stocks
Company NameLast, AUDMCap rise $USMCap Last $USB
BHP Group (BHP)$A38.36.1 B198.4
Woodside Petroleum (WPL)$A32.71.3 B30.6
Newcrest Mining (NCM)$A34.6837.6 M26.6
Bottom three Stocks
Company NameLast, AUDMCap fall $USMMCap Last $USB
Transurban Group (TCL)$A14.18921.838.4
Commonwealth Bank of Australia (CBA)$A81.69796.6144.6
Australia and New Zealand Banking (ANZ)$A27.6708.678.2

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

Top three Stocks
Company NameLast, AUDPV$A1000 [1week]
Liquefied Natural Gas (LNG)0.291,553
Mesoblast (MSB)2.211,519
Bellamy's Australia (BAL)12.891,488
Bottom three Stocks
Company NameLast, AUDPV$A1000 [1week]
iSignthis (ISX)1.14725
Appen (APX)21806
Pro Medicus (PME)27.57815

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

Top three Stocks
Company NameLast, AUDPV$A1000 [1year]
Polynovo (PNV)2.073,798
Jumbo Interactive (JIN)22.793,412
Fortescue Metals (FMG)9.013,335
Bottom three Stocks
Company NameLast, AUDPV$A1000 [1year]
Syrah Resources (SYR)0.54241
ARQ Group (ARQ)0.55269
Speedcast International (SDA)1.23290

SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,173.8 billionIn Top 5%
Today's Trading Turnover$A7 billionIn Top 5%
Annual Revenue$A872.2 billionIn Top 5%
Price/MAP2001.1In Top Quartile

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

In the past 4 years, the All Ordinaries Index has jumped 27.0% from 5,275 to 6,699; an average annual compound rise of 6.2%.
20192018201720162015
Index 30 Aug6,6996,4605,7345,5745,275
Index Change (%)3.712.72.95.7-6.2
Avg Daily Turnover ($A Billion)4.94.34.44.23.5

SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

CodeExcerptsSource
AD8Audinate Group (AD8.AU) has announced an increase of 1,995,000 shares (or 3.1%) in total shares on issue from 64,917,226 to 66,912,226. The effective date is Monday, September 16. BuySellSignals
JHXJames Hardie Industries (JHX.AU) has announced an increase of 210,003 shares (or 0.05%) in total shares on issue from 442,270,334 to 442,480,337. The effective date is Monday, September 16. BuySellSignals
PNIPinnacle Investment Management Group (PNI.AU) has announced an increase of 18,765 shares (or 0.01%) in total shares on issue from 182,868,287 to 182,887,052. The effective date is Monday, September 16. BuySellSignals
QUBQube Holdings (QUB.AU) has announced an increase of 5,495,409 shares (or 0.3%) in total shares on issue from 1,619,401,988 to 1,624,897,397. The effective date is Monday, September 16. BuySellSignals
SGMSims Metal Management (SGM.AU) has announced an increase of 77,683 shares (or 0.04%) in total shares on issue from 202,812,080 to 202,889,763. The effective date is Monday, September 16. BuySellSignals
SSMService Stream (SSM.AU) has announced an increase of 853,073 shares (or 0.2%) in total shares on issue from 406,119,900 to 406,972,973. The effective date is Friday, September 13. BuySellSignals

10.2 Dividend

CodeExcerptSource
RHLRuralco Holdings today announced a special dividend of 84.0c per share, franked to 100%. The ex dividend date is Monday, September 16, 2019 and the record date is Tuesday, September 17, 2019 and it is payable on Monday, September 30. BuySellSignals

10.3 Annual General Meeting

CodeExcerptsSource
AYSAmaysim Australia has announced its Annual General Meeting will take place on Thursday, October 24. BuySellSignals
BWXBWX has announced its Annual General Meeting will take place on Thursday, November 21. BuySellSignals
CWYCleanaway Waste Management has announced its Annual General Meeting will take place on Friday, October 25. BuySellSignals
INGInghams Group has announced its Annual General Meeting will take place on Thursday, October 17. BuySellSignals
MP1Megaport has announced its Annual General Meeting will take place on Friday, November 22. BuySellSignals
PPEPeople Infrastructure has announced its Annual General Meeting will take place on Thursday, September 26. BuySellSignals
S32South32 has announced its Annual General Meeting will take place on Thursday, October 24. BuySellSignals

10.4 Buyback of Shares

CodeExcerptsSource
ANNAnsell (ANN.AU) announced a buyback of 58,637 shares worth $A1,617,208 (or $US1,110,746) on September 13, 2019. There are 27 share still to be bought back.BuySellSignals
BXBBrambles (BXB.AU) announced a buyback of 446,532 shares worth $A5,036,881 (or $US3,459,476) on September 13, 2019. BuySellSignals
CPUComputershare (CPU.AU) announced a buyback of 75,000 shares worth $A1,193,250 (or $US819,559) on September 13, 2019. BuySellSignals
CVWClearview Wealth (CVW.AU) announced a buyback of 45,000 shares worth $A29,700 (or $US20,399) on September 13, 2019. BuySellSignals
GTNGTN (GTN.AU) announced a buyback of 22,703 shares worth $A17,822 (or $US12,241) on September 13, 2019. BuySellSignals
S32South32 (S32.AU) announced a buyback of 1,996,209 shares worth $A5,609,347 (or $US3,852,662) on September 13, 2019. BuySellSignals

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,5070.09Troy Ounce17.2
Silver18.17-0.27Troy Ounce16.7
Copper2.630.94Pound-2.9
Crude oil55.04-1.24Barrel12.5
Natural gas2.570.94MMBTU-29.8
Brent crude59.6-4.3Barrel6.8
Class iii milk18.310.44100 Pounds32.4
Corn3541.26100 Bushels-5.7
Soyabean oil28.971.01100 Pounds5.2
Against principal trading currencies, the AUD rates today are:
FXCloseInversePIP% YTD
AUD/USD0.68751.45462.17-2.6
AUD/EUR0.62111.61013.170.5
AUD/JPY74.15750.0135-1,413.98-4.9
AUD/GBP0.55141.8137-51.08-1
AUD/CHF0.67971.4713-4.54-2.3
AUD/CAD0.90981.099110.34-5.4
AUD/NZD1.07660.928941.642.3
AUD/CNY4.85920.2058-55.860.1
AUD/INR49.16010.02034,001.22-0.3
AUD/IDR9,652.38460.0001685,888.8-5.5
AUD/MYR2.86510.34936.92-2

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

IndicesClose% Change% YTD Change
This Market
All Ordinaries6,7820.0718.7
S&P/ASX 2006,6740.0618.1
Compare with:
Dow Jones Industrials27,2200.116.7
Nikkei 22521,9881.19.9
S&P 5003,007-0.0720
FTSE 1007,3670.39.4
HSI27,035-1.25.8

11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,432
GDP growth yoy (%)1.4
Interest rate (%)1.0
Inflation rate (%)1.6
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-Year0.9496.9-87
Australia 5-Year0.9655.8-96
Australia 10-Year1.2297.2-109
Australia 15-Year1.3326.5-113
Australian Rating Summary
Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAAHighest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGAA+"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