Australian Daily Newsletter
Daily Newsletter: All Ordinaries Index falls for a second consecutive day, a two-day fall of 1.0%
Wednesday November 13, 2019
The All Ordinaries Index fell 51.5 points (or 0.8%) to close at 6,806. The index fell for a second day on Wednesday bringing its two-day fall to 71.5 points or 1.0%.
Market capitalization of the Australian All Ordinaries Index fell 0.7% or $A16.1 billion to $A2,180.9 billion on Wednesday. Amongst the 465 Stocks traded in the All Ordinaries Index today, 248 (51%) declined, 165 (34%) advanced and 52 (10.7%) were unchanged. 21 (4.3%) were untraded.
ALL ORDINARIES INDEX SUMMARY
| Currency | Australian Dollar (AUD) |
| Exchange rate | USD1 = AUD1.4591; AUD1 = 0.6853 USD |
| Exchange Name | Australian Securities Exchange (ASX) |
| Last | 6,806 |
| 52-Week Range | 5,533 - 6,928 |
| Total Market Cap | $A2,181 billion (USD 1,494.6 billion) |
| % change YTD | 19.2 |
| Number of constituents | 486 |
| Avg. daily turnover | AUD 5 billion (USD 3.4 billion) |
TODAY'S TRADING SNAPSHOT
| Stocks | No. | % |
| Declined | 248 | 51 |
| Advanced | 165 | 34 |
| Unchanged | 52 | 10.7 |
| Untraded | 21 | 4.3 |
| Total | 486 | 100 |
AUSTRALIAN DOLLAR EXCHANGE RATES
The Australian Dollar rose against the following currencies:
| FX | Close Nov 13 | Nov 12 | Daily Change % | YTD change % |
| AUD/EUR | 0.6213 | 0.6218 | 0.07 | 0.54 |
| AUD/CNY | 4.8021 | 4.8076 | 0.12 | -1.12 |
| AUD/SEK | 6.6488 | 6.6564 | 0.12 | 4.88 |
| AUD/KRW | 798.9275 | 801.1908 | 0.28 | 1.82 |
| AUD/SGD | 0.9323 | 0.9328 | 0.05 | -3.23 |
| AUD/NOK | 6.2735 | 6.2914 | 0.29 | 2.2 |
| AUD/MXN | 13.2306 | 13.357 | 0.96 | 0 |
The Australian Dollar fell against the following currencies:
| FX | Close Nov 13 | Nov 12 | Daily Change % | YTD change % |
| AUD/USD | 0.6844 | 0.6838 | -0.09 | -3.08 |
| AUD/JPY | 74.6638 | 74.5212 | -0.19 | -4.24 |
| AUD/GBP | 0.5326 | 0.5326 | 0 | -4.35 |
| AUD/CAD | 0.9066 | 0.9064 | -0.02 | -5.78 |
| AUD/CHF | 0.6781 | 0.6749 | -0.47 | -2.51 |
| AUD/HKD | 5.3609 | 5.3602 | -0.01 | -3.08 |
| AUD/NZD | 1.0695 | 1.0577 | -1.09 | 1.62 |
SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD
| Company Name | Last, AUD | % Yield |
| Jupiter Mines (JMS) | 0.26 | 25 |
| Coronado Global Resources (CRN) | 2.24 | 24.4 |
| Genworth Mortgage Insurance Australia (GMA) | 3.89 | 16.5 |
| Whitehaven Coal (WHC) | 3.18 | 15.7 |
| Fortescue Metals (FMG) | 8.67 | 13.2 |
| Yancoal Australia (YAL) | 2.97 | 13.1 |
| WPP AUNZ (WPP) | 0.51 | 12.5 |
| ARQ Group (ARQ) | 0.41 | 10.8 |
| Alumina (AWC) | 2.46 | 10.7 |
| Westpac Banking (WBC) | 26.44 | 10.1 |
| Neometals (NMT) | 0.2 | 10 |
| Rio Tinto (RIO) | 91.8 | 9.8 |
| Australia and New Zealand Banking (ANZ) | 25.2 | 9.5 |
| Navigator Global Investments (NGI) | 2.59 | 9.5 |
| Stanmore Coal (SMR) | 1.17 | 9.4 |
| Midway (MWY) | 1.93 | 9.3 |
| Grange Resources (GRR) | 0.21 | 9.3 |
| Evans Dixon (ED1) | 0.86 | 9.3 |
| Suncorp Group (SUN) | 13.13 | 9.2 |
| BHP Group (BHP) | 36.79 | 9.1 |
SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E
| Company Name | Last, AUD | P/E |
| Galaxy Resources (GXY) | 1.01 | 1.9 |
| OM Holdings (OMH) | 0.48 | 2.2 |
| Grange Resources (GRR) | 0.21 | 2.2 |
| Slater & Gordon (SGH) | 0.88 | 2.2 |
| Stanmore Coal (SMR) | 1.17 | 3.2 |
| Horizon Oil (HZN) | 0.14 | 3.6 |
| Energy World (EWC) | 0.09 | 3.7 |
| Bathurst Resources (BRL) | 0.1 | 3.7 |
| Jupiter Mines (JMS) | 0.26 | 3.7 |
| Base Resources (BSE) | 0.21 | 4.3 |
| Yancoal Australia (YAL) | 2.97 | 4.4 |
| New Energy Solar (NEW) | 1.17 | 4.9 |
| Euroz (EZL) | 1.07 | 5.4 |
| Collection House (CLH) | 1.21 | 5.5 |
| Zimplats Holdings (ZIM) | 11 | 5.6 |
| Fortescue Metals (FMG) | 8.67 | 5.8 |
| Whitehaven Coal (WHC) | 3.18 | 5.9 |
| Unibail-Rodamco-Westfield (URW) | 11.53 | 6.1 |
| Midway (MWY) | 1.93 | 6.2 |
| Perenti Global (PRN) | 1.94 | 6.4 |
SECTION 3 BULLISH SIGNALS: TECHNICALS
3.1 New 52-week highsStocks hitting their new 52-week highs through the day included:
| Company Name | Last, AUD | 52-Wk High, AUD |
| James Hardie Industries (JHX) | 28.77 | 29.05 |
| Xero (XRO) | 77.57 | 78.18 |
| Qantas Airways (QAN) | 6.95 | 7.01 |
| Dominos Pizza Enterprises (DMP) | 51.63 | 51.96 |
| Premier Investments (PMV) | 19.84 | 20.08 |
| Metcash (MTS) | 3.07 | 3.16 |
| Janus Henderson Group (JHG) | 36.87 | 36.95 |
| Nanosonics (NAN) | 6.99 | 7.21 |
| Bingo Industries (BIN) | 2.8 | 2.96 |
| Austal (ASB) | 4.55 | 4.99 |
| ARB (ARB) | 19.5 | 19.71 |
| Zimplats Holdings (ZIM) | 11 | 11.1 |
| Resimac Group (RMC) | 0.97 | 1.01 |
| Australian Ethical Investment (AEF) | 3.4 | 3.45 |
| Catapult Group (CAT) | 1.77 | 1.89 |
| Bell Financial (BFG) | 1 | 1.02 |
| AVJennings (AVJ) | 0.6 | 0.6 |
3.2 Top Twenty on price rises
| Company Name | Last, AUD | Price Change | Comment | |
| EML Payments (EML) | 4.35 | 56.67c [15.0%] | Price/MAP50 above 1 | |
| Bingo Industries (BIN) | 2.8 | 27c [10.7%] | Price rise on rising relative strength | |
| Sundance Energy Australia (SEA) | 0.14 | 1c [7.7%] | Volume 5.8 times average | |
| Flinders Mines (FMS) | 0.07 | 0.4c [6.2%] | Price/MAP50 above 1 | |
| Appen (APX) | 22.66 | $A1.26 [5.9%] | Price rise on rising relative strength | |
| Neometals (NMT) | 0.2 | 1c [5.3%] | Price rise on beating relative strength | |
| Data | 3 (DTL) | 3.43 | 17c [5.2%] | Volume 3.9 times average |
| Base Resources (BSE) | 0.21 | 1c [4.9%] | ||
| SKY Network Television (SKT) | 0.89 | 4c [4.7%] | Price rise on rising relative strength | |
| SG Fleet (SGF) | 2.68 | 12c [4.7%] | Price rise on rising relative strength | |
| Fluence Corporation (FLC) | 0.46 | 2c [4.5%] | Volume 2.7 times average | |
| Pro-Pac Packaging (PPG) | 0.12 | 0.5c [4.3%] | Price rise on rising relative strength | |
| Wameja (WJA) | 0.12 | 0.5c [4.3%] | Price rise on beating relative strength | |
| Terracom (TER) | 0.38 | 1.5c [4.2%] | ||
| Pacific Smiles (PSQ) | 1.77 | 7c [4.1%] | Price/PMAP200 above 1 and rising | |
| Clover (CLV) | 3.15 | 12c [4.0%] | Price/MAP50 above 1 and rising | |
| Metro Mining (MMI) | 0.14 | 0.5c [3.9%] | Volume 1.5 times average | |
| Karoon Energy (KAR) | 1.1 | 4c [3.8%] | Volume 4.3 times average | |
| Paragon Care (PGC) | 0.43 | 1.5c [3.6%] | Price rise on rising relative strength | |
| Consolidated Operations Group (COG) | 0.1 | 0.3c [3.3%] | Price rise on beating relative strength |
SECTION 4 BEARISH SIGNALS: TECHNICALS
4.1 New 52-week lowsStocks hitting their new 52-week lows through the day included:
| Company Name | Last, AUD | 52-Wk Low, AUD |
| Carindale Property Trust (CDP) | 5.9 | 5.9 |
| Clearview Wealth (CVW) | 0.55 | 0.55 |
| Cardno (CDD) | 0.47 | 0.46 |
| Comet Ridge (COI) | 0.2 | 0.2 |
| Vitalharvest Freehold Trust (VTH) | 0.78 | 0.77 |
| Slater & Gordon (SGH) | 0.88 | 0.88 |
| AusCann Group Holdings (AC8) | 0.27 | 0.27 |
| FBR (FBR) | 0.06 | 0.06 |
| Heron Resources (HRR) | 0.14 | 0.13 |
| Millennium Minerals (MOY) | 0.05 | 0.05 |
4.2 Bottom Twenty on price falls
| Company Name | Last, AUD | Price Change | Comment |
| Liquefied Natural Gas (LNG) | 0.21 | -2.5c [-10.6%] | Price fall on slipping relative strength |
| ARQ Group (ARQ) | 0.41 | -4c [-8.8%] | Volume 4.6 times average |
| Avita Medical (AVH) | 0.64 | -5.5c [-8.0%] | Volume 15.5 times average |
| Eclipx Group (ECX) | 1.68 | -14.5c [-8.0%] | Price fall on falling relative strength |
| Argosy Minerals (AGY) | 0.09 | -0.7c [-7.5%] | Volume 1.3 times average |
| Helios Energy (HE8) | 0.2 | -1.5c [-7.1%] | Volume 2.1 times average |
| Strike Energy (STX) | 0.2 | -1.5c [-7.1%] | Volume 2.3 times average |
| Comet Ridge (COI) | 0.2 | -1.5c [-7.0%] | Price fall on slipping relative strength |
| Heron Resources (HRR) | 0.14 | -1c [-6.9%] | Volume 6 times average |
| Phoslock Environmental Technologies (PET) | 1.01 | -7c [-6.5%] | Price/MAP50 below 1 |
| Mayne Pharma (MYX) | 0.55 | -3.5c [-6.0%] | Price fall on slipping relative strength |
| Ioneer (INR) | 0.24 | -1.5c [-5.9%] | |
| Orocobre (ORE) | 2.59 | -16c [-5.8%] | Falls for a second consecutive day |
| Praemium (PPS) | 0.58 | -3.5c [-5.7%] | Price/MAP50 below 1 |
| Netwealth Group (NWL) | 8.85 | -53c [-5.7%] | Price fall on slipping relative strength |
| Beach Energy (BPT) | 2.32 | -13c [-5.3%] | Price fall on slipping relative strength |
| Galaxy Resources (GXY) | 1.01 | -5.5c [-5.2%] | Falls for a second consecutive day |
| Citadel Group (CGL) | 3.38 | -17c [-4.8%] | Volume 5.8 times average |
| Pilbara Minerals (PLS) | 0.3 | -1.5c [-4.7%] | Falls for a third consecutive day |
| Australian Finance (AFG) | 2.5 | -12c [-4.6%] | Price fall on falling relative strength |
SECTION 5 BULLISH CANDLESTICK PATTERNS
| Company Name | Last, AUD | Comment* |
| Coronado Global Resources(CRN) | 2.24 | Bullish Harami |
| Monadelphous Group(MND) | 15.58 | Bullish Harami |
| SRG Global(SRG) | 0.38 | Bullish Harami |
| Flinders Mines(FMS) | 0.07 | Bullish Kicker |
| Premier Investments(PMV) | 19.84 | Bullish Kicker |
| People Infrastructure(PPE) | 3.15 | Inverted Hammer |
* 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.
* 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* |
| Cooper Energy(COE) | 0.56 | Bearish Engulfing |
| Cochlear(COH) | 219.68 | Bearish Engulfing |
| Cleanaway Waste Management(CWY) | 1.84 | Bearish Engulfing |
| Dexus(DXS) | 11.59 | Bearish Engulfing |
| Freelancer(FLN) | 0.64 | Bearish Engulfing |
| Garda Diversified Property Fund(GDF) | 1.43 | Bearish Engulfing |
| IVE Group(IGL) | 2.02 | Bearish Engulfing |
| Imdex(IMD) | 1.52 | Bearish Engulfing |
| Ramsay Health Care(RHC) | 71.23 | Bearish Engulfing |
| Starpharma Holdings(SPL) | 1.28 | Bearish Engulfing |
| Capitol Health(CAJ) | 0.24 | Bearish Kicker |
| Citadel Group(CGL) | 3.38 | Bearish Kicker |
| Praemium(PPS) | 0.58 | Bearish Kicker |
| Sydney Airport(SYD) | 8.77 | Bearish Kicker |
| Woolworths Group(WOW) | 37.8 | Bearish Kicker |
| SEEK(SEK) | 22.71 | Shooting 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 HeavyweightsTop three Stocks
| Company Name | Last, AUD | MCap rise $USM | MCap Last $USB |
| Elders (ELD) | $A6.6 | 259.3 | 1 |
| CSL (CSL) | $A266.91 | 181.5 | 121.1 |
| Bingo Industries (BIN) | $A2.8 | 176.5 | 1.8 |
Bottom three Stocks
| Company Name | Last, AUD | MCap fall $USB | MCap Last $USB |
| Commonwealth Bank of Australia (CBA) | $A79.24 | 2.8 | 140.3 |
| BHP Group (BHP) | $A36.79 | 1.6 | 190.6 |
| Westpac Banking (WBC) | $A26.44 | 1.3 | 94.4 |
7.2 Present Value Changes For AUD1,000 invested one week ago
Top three Stocks
| Company Name | Last, AUD | PV$A1000 [1week] |
| Catapult Group (CAT) | 1.77 | 1,238 |
| Bingo Industries (BIN) | 2.8 | 1,197 |
| James Hardie Industries (JHX) | 28.77 | 1,165 |
Bottom three Stocks
| Company Name | Last, AUD | PV$A1000 [1week] |
| AJ Lucas Group (AJL) | 0.06 | 810 |
| Bellevue Gold (BGL) | 0.44 | 822 |
| Australian Mines (AUZ) | 0.01 | 824 |
7.3 Present Value Changes For AUD1,000 invested one year ago
Top three Stocks
| Company Name | Last, AUD | PV$A1000 [1year] |
| Polynovo (PNV) | 2.13 | 3,770 |
| Paradigm Biopharmaceuticals (PAR) | 2.99 | 3,257 |
| Alacer Gold (AQG) | 7.3 | 3,120 |
Bottom three Stocks
| Company Name | Last, AUD | PV$A1000 [1year] |
| Syrah Resources (SYR) | 0.44 | 244 |
| Millennium Minerals (MOY) | 0.05 | 249 |
| Australian Mines (AUZ) | 0.01 | 250 |
SECTION 8 Bullish Indicators
| Description | Value | Rank In Indices |
| Aggregate MCap | $A2,180.9 billion | In Top 5% |
| Today's Trading Turnover | $A5.6 billion | In Top 5% |
| Annual Revenue | $A899.1 billion | In Top 5% |
SECTION 9 Year-on-Year Comparison (Trailing year - ended 31 Oct)
In the past 4 years, the All Ordinaries Index has jumped 28.1% from 5,289 to 6,773; an average annual compound rise of 6.4%.| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Index 31 Oct | 6,773 | 5,913 | 5,976 | 5,411 | 5,289 |
| Index Change (%) | 14.5 | -1.1 | 10.4 | 2.3 | -3.9 |
| Avg Daily Turnover ($A Billion) | 5 | 4.4 | 4.4 | 4.2 | 3.7 |
SECTION 10 ANNOUNCEMENTS
10.1 Total Shares On Issue| Code | Excerpts | Source |
| AMA | AMA Group (AMA.AU) has announced an increase of 2,156,921 shares (or 0.3%) in total shares on issue from 729,694,802 to 731,851,723. The effective date is Wednesday, November 13. | BuySellSignals |
| HRR | Heron Resources (HRR.AU) has announced an increase of 51,604,957 shares (or 14.1%) in total shares on issue from 367,059,648 to 418,664,605. The effective date is Tuesday, November 12. | BuySellSignals |
| MYX | Mayne Pharma (MYX.AU) has announced an increase of 83,100,000 shares (or 5.2%) in total shares on issue from 1,593,380,425 to 1,676,480,425. The effective date is Wednesday, November 13. | BuySellSignals |
| RBL | Redbubble (RBL.AU) has announced an increase of 39,423 shares (or 0.02%) in total shares on issue from 258,756,543 to 258,795,966. The effective date is Tuesday, November 12. | BuySellSignals |
10.2 Dividend
| Code | Excerpts | Source |
| GMA | Genworth Mortgage Insurance Australia today announced a special dividend of 24.20c per share. The ex dividend date is Wednesday, November 13, 2019 and the record date is Thursday, November 14, 2019 and it is payable on Thursday, November 28. | BuySellSignals |
| IPL | Incitec Pivot today announced a final dividend of 3.40c per share, franked to 30%. The ex dividend date is Friday, November 29 and the record date is Monday, December 02, 2019 and it is payable on Wednesday, January 08, 2020. | BuySellSignals |
| OFX | OFX Group today announced an interim dividend of 2.35c per share, franked to 70%. The ex dividend date is Wednesday, November 27, 2019 and the record date is Thursday, November 28, 2019 and it is payable on Friday, December 13. | BuySellSignals |
10.3 Annual General Meeting
| Code | Excerpt | Source |
| PDL | Pendal Group has announced its Annual General Meeting will take place on Friday, December 13. | BuySellSignals |
10.4 Buyback of Shares
| Code | Excerpts | Source |
| AGL | AGL Energy (AGL.AU) announced a buyback of 291,803 shares worth $A5,841,896 (or $US4,003,644) on November 12, 2019. | BuySellSignals |
| APD | APN Property (APD.AU) announced a buyback of 25,000 shares worth $A13,250 (or $US9,081) on November 12, 2019. | BuySellSignals |
| AZJ | Aurizon Holdings (AZJ.AU) announced a buyback of 128,214 shares worth $A732,102 (or $US501,734) on November 12, 2019. | BuySellSignals |
| BXB | Brambles (BXB.AU) announced a buyback of 517,567 shares worth $A6,257,385 (or $US4,288,392) on November 12, 2019. | BuySellSignals |
| HT1 | HT&E (HT1.AU) announced a buyback of 141,264 shares worth $A233,086 (or $US159,741) on November 12, 2019. | BuySellSignals |
| JHG | Janus Henderson Group (JHG.AU) announced a buyback of 10,068 shares worth $A368,489 (or $US252,538) on November 12, 2019. | BuySellSignals |
| PME | Pro Medicus (PME.AU) announced a buyback of 3,765 shares worth $A96,309 (or $US66,004) on November 12, 2019. | BuySellSignals |
| S32 | South32 (S32.AU) announced a buyback of 1,193,685 shares worth $A3,270,697 (or $US2,241,517) on November 12, 2019. | BuySellSignals |
10.5 People in Business
| Code | Excerpts | Source |
| AVZ | AVZ Minerals has appointed John Clarke as Non-Executive Chairman. The appointment takes effect from Nov 13, 2019. | BuySellSignals |
| IAG | Insurance Australia has appointed Simon Allen as Independent Non-Executive Director. The appointment takes effect from Nov 12, 2019. | BuySellSignals |
SECTION 11 ECONOMIC INDICATORS
11.1 Global Commodities Spot Prices| Commodities | Price ($US) | % Change | Unit | % YTD |
| Gold | 1,460 | 0.19 | Troy Ounce | 13.4 |
| Silver | 16.79 | -0.27 | Troy Ounce | 7.8 |
| Copper | 2.65 | -0.64 | Pound | -2.1 |
| Crude oil | 56.8 | -0.16 | Barrel | 16.1 |
| Natural gas | 2.63 | -0.6 | MMBTU | -28.3 |
| Brent crude | 58.54 | 0.36 | Barrel | 4.9 |
| Class iii milk | 20.09 | -0.45 | 100 Pounds | 45.3 |
| Corn | 377 | 1.07 | 100 Bushels | 0.6 |
| Soyabean oil | 31.05 | -1.3 | 100 Pounds | 12.7 |
11.2 Against principal global indices, these markets compared today as:
| Indices | Close | % Change | % YTD Change |
| This Market | |||
| All Ordinaries | 6,806 | -0.8 | 20.1 |
| S&P/ASX 200 | 6,698 | -0.8 | 19.6 |
| Compare with: | |||
| Dow Jones Industrials | 27,691 | 0.0 | 18.7 |
| S&P 500 | 3,092 | 0.2 | 23.3 |
| FTSE 100 | 7,365 | 0.5 | 9.4 |
| Nikkei 225 | 23,303 | -0.9 | 17.5 |
11.3 Macro Economic Indicators: Australia
| Indicator | Value |
| GDP (USD Billion) | 1,432 |
| GDP growth yoy (%) | 1.4 |
| Interest rate (%) | 0.75 |
| Inflation rate (%) | 1.7 |
| 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 Maturity | Today's Yield (%) | Today's Change | YTD Change |
| Australia 3-Year | 0.85 | -2.2 | -97 |
| Australia 5-Year | 0.909 | -2 | -102 |
| Australia 10-Year | 1.278 | -2 | -104 |
| Australia 15-Year | 1.387 | -1.7 | -107 |
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