Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index rises for a second consecutive day, a two-day rise of 1.5%
Tuesday June 02, 2020


The All Ordinaries Index rose 21.7 points (or 0.4%) to close at 5,960. The index rose for a second day on Tuesday bringing its two-day rise to 87.9 points or 1.5%.

Market capitalization of the Australian All Ordinaries Index rose 0.3% or $A7.3 billion to $A2,095.5 billion on Tuesday. Amongst the 461 Stocks traded in the All Ordinaries Index today, 249 (52.3%) advanced, 163 (34.2%) declined and 49 (10.3%) were unchanged. 15 (3.1%) were untraded.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4703; AUD1 = 0.6801 USD
Exchange NameAustralian Securities Exchange (ASX)
Last5,960
52-Week Range4,564 - 7,255
Total Market Cap$A2,096 billion (USD 1,425.2 billion)
% change YTD-12.38
Number of constituents476
Avg. daily turnoverAUD 5.9 billion (USD 4 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Advanced24952.3
Declined16334.2
Unchanged4910.3
Untraded153.1
Total476100


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

FXClose Jun 02Jun 01Daily Change %YTD change %
AUD/USD0.68020.68620.89-2.93
AUD/EUR0.61090.61670.96-2.29
AUD/JPY73.251373.99991.03-3.83
AUD/CHF0.65390.66041.01-3.58
AUD/CNY4.84184.88170.83-0.98
AUD/HKD5.27215.31780.87-3.35
AUD/NZD1.08181.08430.223.91
AUD/SEK6.36996.41420.7-2.78
AUD/KRW833.1148839.70090.82.83
AUD/SGD0.95590.96390.841.26
AUD/NOK6.54586.57260.415.97
AUD/MXN14.991115.14351.0313.02


The Australian Dollar fell against the following currencies:

FXClose Jun 02Jun 01Daily Change %YTD change %
AUD/GBP0.54410.5441-1.86
AUD/CAD0.92060.9164-0.450.7

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Seven West Media (SWM)0.128.6
Genworth Mortgage Insurance Australia (GMA)2.228.4
Decmil Group (DCG)0.0921.5
Navigator Global Investments (NGI)1.4418.1
Whitehaven Coal (WHC)1.8217.3
Jupiter Mines (JMS)0.2816.7
Yancoal Australia (YAL)2.1514.7
IVE Group (IGL)1.1214.6
Kathmandu Holdings (KMD)114.4
Unibail-Rodamco-Westfield (URW)4.4414.2
Elanor Investors (ENN)1.314.1
Elanor Retail Property Fund (ERF)0.7313.1
Coronado Global Resources (CRN)1.1612.2
Suncorp Group (SUN)9.312
Stanmore Coal (SMR)0.9212
Neometals (NMT)0.1711.8
G8 Education (GEM)110.8
New Hope (NHC)1.410.7
Bendigo and Adelaide Bank (BEN)6.4610.2
Flight Centre Travel (FLT)13.510.2

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Horizon Oil (HZN)0.071.7
OM Holdings (OMH)0.421.9
Bathurst Resources (BRL)0.051.9
Slater & Gordon (SGH)0.832.1
Stanmore Coal (SMR)0.922.5
Energy World (EWC)0.062.6
Australis Oil & Gas (ATS)0.032.7
Midway (MWY)1.023.3
Whitehaven Coal (WHC)1.823.4
Base Resources (BSE)0.173.4
Grange Resources (GRR)0.243.5
Decmil Group (DCG)0.093.9
Yancoal Australia (YAL)2.153.9
Kathmandu Holdings (KMD)14.4
Perenti Global (PRN)1.44.7
Elanor Retail Property Fund (ERF)0.734.7
Panoramic Resources (PAN)0.085.2
Garda Property Group (GDF)0.995.2
Zimplats Holdings (ZIM)10.55.3
IVE Group (IGL)1.125.3


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
Pushpay Holdings (PPH)7.187.36
Perseus Mining (PRU)1.341.34
Dicker Data (DDR)8.488.48
Data3 (DTL)5.785.81
West African Resources (WAF)0.90.91
MNF Group (MNF)5.335.55


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Decmil Group (DCG)0.091.42c [18.0%]Price rise on beating relative strength
Flexigroup (FXL)1.3318c [15.7%]Volume 5.6 times average
Seven West Media (SWM)0.11.3c [14.1%]Volume 4.4 times average
Perenti Global (PRN)1.416.5c [13.4%]Price rise on beating relative strength
Amaysim Australia (AYS)0.364c [12.5%]Volume 4.3 times average
Terramin Australia (TZN)0.050.5c [12.2%]Volume 1.1 times average
A2B Australia (A2B)0.899.5c [12.0%]Price rise on beating relative strength
Kina Securities (KSL)1.1412c [11.8%]Price rise on rising relative strength
Navigator Global Investments (NGI)1.4415c [11.7%]Volume 2.4 times average
Resimac Group (RMC)1.0410.5c [11.2%]Volume 4.8 times average
Livetiles (LVT)0.282.5c [10.0%]Price rise on beating relative strength
Domain Holdings Australia (DHG)3.3230c [9.9%]Volume 2.2 times average
Adairs (ADH)2.0516.5c [8.8%]Price rise on rising relative strength
Ioneer (INR)0.121c [8.7%]Price rise on beating relative strength
New Century Resources (NCZ)0.21.5c [8.3%]Price/MAP50 above 1
Unibail-Rodamco-Westfield (URW)4.4434c [8.3%]Price rise on rising relative strength
Sunland Group (SDG)1.259c [7.7%]Price rise on rising relative strength
Beacon Lighting (BLX)1.047c [7.2%]Volume 4.6 times average
ARQ Group (ARQ)0.10.7c [7.1%]Price rise on beating relative strength
West African Resources (WAF)0.96c [7.1%]Volume 2.4 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
Freedom Foods (FNP)3.453.41
Panoramic Resources (PAN)0.080.07


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
SKY Network Television (SKT)0.14-1.5c [-9.4%]Volume 15.6 times average
Servcorp (SRV)2.4-23c [-8.8%]Volume 1.5 times average
Energy World (EWC)0.06-0.5c [-7.7%]Price fall on falling relative strength
Pengana Capital Group (PCG)1.12-9c [-7.4%]Price/MAP50 below 1
Panoramic Resources (PAN)0.08-0.6c [-7.1%]Volume 11.8 times average
Altura Mining (AJM)0.04-0.3c [-6.5%]Price fall on slipping relative strength
AJ Lucas Group (AJL)0.04-0.3c [-6.2%]Volume 5.1 times average
Pantoro (PNR)0.2-1c [-4.7%]Price fall on slipping relative strength
FBR (FBR)0.02-0.1c [-4.3%]Price fall on slipping relative strength
Bellevue Gold (BGL)0.88-4c [-4.3%]Volume 2.7 times average
Tungsten Mining (TGN)0.11-0.5c [-4.3%]Volume 2.1 times average
Imdex (IMD)1.1-5c [-4.3%]Falls for a fourth consecutive day
MACA (MLD)0.92-4c [-4.2%] 
US Masters Residential Property Fund (URF)0.34-1.5c [-4.2%]Price/MAP50 below 1
Avita Medical (AVH)0.47-2c [-4.1%]Volume 1.8 times average
Iselect (ISU)0.24-1c [-4.0%]Falls for a second consecutive day
GTN (GTN)0.51-2c [-3.8%]Overbought: close to 14-day high
Cardno (CDD)0.28-1c [-3.5%]Volume 1.2 times average
Experience Co (EXP)0.14-0.5c [-3.5%]Overbought: close to 14-day high
Austal (ASB)3.53-12c [-3.3%]Volume 1.1 times average


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
AMA Group(AMA)0.67Bullish Engulfing
Coca-Cola Amatil(CCL)8.84Bullish Engulfing
Incitec Pivot(IPL)2.05Bullish Engulfing
NIB Holdings(NHF)4.59Bullish Engulfing
Perpetual(PPT)31.2Bullish Engulfing
Ainsworth Game Technology(AGI)0.45Bullish Harami
Ardent Leisure Group(ALG)0.44Bullish Harami
Praemium(PPS)0.4Bullish Harami
HUB24(HUB)10.79Bullish Kicker


* 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.
* 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.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Jumbo Interactive(JIN)11.95Bearish Kicker
ResMed(RMD)23.59Bearish Kicker
Appen(APX)30.28Bearish Engulfing
Megaport(MP1)14.1Dark Cloud


* A Bearish Kicker Chart pattern is formed at the end of an uptrend, when it encounters resistance in an overbought area.
* 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 Dark Cloud chart pattern is an uptrend session followed by a candlestick reversal pattern in the second session. This is indicative of an outlook of potential short-term weakness in the price.

SECTION 7 TOP THREE AND BOTTOM THREE

7.1 Today's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMCap Last $USB
National Australia Bank (NAB)$A17.881.4 B58.7
Macquarie Group (MQG)$A113.31999.4 M40.2
Scentre Group (SCG)$A2.31638 M12.3


Bottom three Stocks

Company NameLast, AUDMCap fall $USMCap Last $USB
BHP (BHP)$A35.411.5 B179.5
Westpac Banking (WBC)$A17.2577.9 M62.1
Newcrest Mining (NCM)$A30.74549.6 M24.8


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

Company NameLast, AUDPV$A1000 [1week]
Onevue Holdings (OVH)0.381,689
Highfield Resources (HFR)0.591,526
Helloworld Travel (HLO)3.161,443


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Freedom Foods (FNP)3.45808
Panoramic Resources (PAN)0.08839
Myer Holdings (MYR)0.27844


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

Company NameLast, AUDPV$A1000 [1year]
Australian Ethical Investment (AEF)7.23,887
Data3 (DTL)5.783,349
West African Resources (WAF)0.93,051


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Syrah Resources (SYR)0.29233
SKY Network Television (SKT)0.14246
Seven West Media (SWM)0.1254


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,095.5 billionIn Top 5%
Today's Trading Turnover$A6.1 billionIn Top 5%
Annual Revenue$A878.6 billionIn Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 29 May)

In the past 4 years, the All Ordinaries Index has jumped 7.3% from 5,470 to 5,872; an average annual compound rise of 1.8%.

 20202019201820172016
Index 29 May5,8726,5376,1225,7485,470
Index Change (%)-10.26.86.55.1-5.3
Avg Daily Turnover ($A Billion)5.94.64.34.34.2


SECTION 10 ANNOUNCEMENTS

10.1 Annual Report

CodeHeadlineSource
ALQFY2020 Annual Report: ALS Net Profit down 16.3%BuySellSignals


10.2 Dividend

CodeExcerptSource
ABPAbacus Property today announced a final dividend of 9.05c per share, franked to 0%. The ex-dividend date is Monday, June 29, 2020 and the record date is Tuesday, June 30, 2020 and it is payable on Monday, August 31. BuySellSignals


10.3 Buyback of Shares

CodeExcerptsSource
BXBBrambles (BXB.AU) announced a buyback of 71,004 shares worth $A825,777 (or $US557,153) on June 01, 2020. BuySellSignals
CIMCIMIC Group (CIM.AU) announced a buyback of 38,895 shares worth $A996,101 (or $US672,071) on June 01, 2020. BuySellSignals


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,750-0.08Troy Ounce15.8
Silver18.831.77Troy Ounce5
Copper2.471.86Pound-13.5
Crude oil35.44-0.14Barrel-38.1
Natural gas1.77-4.06MMBTU-22.4
Class iii milk12.17-0.08100 Pounds-37
Corn323-0.49100 Bushels-16.5
Soyabean oil27.610.47100 Pounds-20
Soyabean8410.31100 Bushels-10.9


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries5,9600.4-12.7
S&P/ASX 2005,8350.3-12.94
Compare with:   
Nikkei 22522,2480.8-6.74
HSI23,8390.5-15.81
Dow Jones Industrials25,4750.4-10.73
S&P 5003,0560.4-5.42


11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)2.2
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-Year0.261.2-64
Australia 5-Year0.399 -59
Australia 10-Year0.896-.5-48
Australia 15-Year1.24-.8-24


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