Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index increases 0.5%
Friday December 13, 2019


The All Ordinaries Index increased 33.8 points (or 0.5%) to close at 6,845.

Market capitalization of the Australian All Ordinaries Index rose 0.5% or $A11.9 billion to $A2,208.5 billion on Friday. Amongst the 456 Stocks traded in the All Ordinaries Index today, 249 (54.6%) advanced, 156 (34.2%) declined and 51 (11.2%) were unchanged.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4536; AUD1 = 0.6879 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,845
52-Week Range5,533 - 6,966
Total Market Cap$A2,209 billion (USD 1,519.3 billion)
% change YTD19.9
Number of constituents481
Avg. daily turnoverAUD 5.1 billion (USD 3.5 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Advanced24954.6
Declined15634.2
Unchanged5111.2
Total456100


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

FXClose Dec 13Dec 12Daily Change %YTD change %
AUD/USD0.69220.69630.6-1.97
AUD/EUR0.61950.62130.290.24
AUD/JPY75.84376.96481.5-2.72
AUD/CAD0.91130.91640.56-5.29
AUD/CHF0.6820.68810.9-1.95
AUD/HKD5.40195.4330.58-2.34
AUD/NZD1.04581.04620.03-0.63
AUD/SEK6.46766.47670.142.02
AUD/SGD0.93580.93860.29-2.87
AUD/MXN13.167313.18140.11-


The Australian Dollar fell against the following currencies:

FXClose Dec 13Dec 12Daily Change %YTD change %
AUD/GBP0.51380.5067-1.36-7.73
AUD/CNY4.82624.8137-0.26-0.62
AUD/KRW810.8933805.4949-0.663.35
AUD/NOK6.25336.2447-0.141.87

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Jupiter Mines (JMS)0.2526
Coronado Global Resources (CRN)2.1425.5
Whitehaven Coal (WHC)2.7518.2
Genworth Mortgage Insurance Australia (GMA)3.717.3
WPP AUNZ (WPP)0.5212.2
ARQ Group (ARQ)0.3811.8
Alumina (AWC)2.3811
Fortescue Metals (FMG)10.7210.6
Stanmore Coal (SMR)1.0510.5
SKY Network Television (SKT)0.6910.4
Neometals (NMT)0.1910.4
Regional Express (REX)1.1910.1
Navigator Global Investments (NGI)2.619.4
Suncorp Group (SUN)13.199.1
Evans Dixon (ED1)0.899
Midway (MWY)29
Rio Tinto (RIO)100.68.9
Bank of Queensland (BOQ)7.368.8
Southern Cross Media (SXL)0.98.7
BHP Group (BHP)39.358.5

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)0.941.8
Slater & Gordon (SGH)0.892.2
OM Holdings (OMH)0.492.2
Grange Resources (GRR)0.242.5
Stanmore Coal (SMR)1.052.9
Horizon Oil (HZN)0.123
Jupiter Mines (JMS)0.253.6
Bathurst Resources (BRL)0.13.7
Base Resources (BSE)0.234.7
Collection House (CLH)1.044.8
Whitehaven Coal (WHC)2.755.1
Euroz (EZL)1.045.2
New Energy Solar (NEW)1.275.3
Zimplats Holdings (ZIM)11.495.9
Unibail-Rodamco-Westfield (URW)11.195.9
Capitol Health (CAJ)0.216.1
Midway (MWY)26.5
Viva Energy Group (VEA)1.976.5
Fortescue Metals (FMG)10.727.2
GPT Group (GPT)5.697.2


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
Fortescue Metals (FMG)10.7210.8
QBE Insurance (QBE)12.9713
OZ Minerals (OZL)11.211.41
Domain Holdings Australia (DHG)3.663.67
NRW Holdings (NWH)3.233.27
Pushpay Holdings (PPH)3.933.93
Select Harvests (SHV)8.598.71
Moelis Australia (MOE)5.225.3
Cedar Woods Properties (CWP)7.67.73
Mystate (MYS)4.844.85
Bell Financial (BFG)1.151.15
AVJennings (AVJ)0.620.63


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
CI Resources (CII)1.3318.5c [16.1%]Volume 2.3 times average
Polynovo (PNV)1.9420.5c [11.8%]Volume 4.1 times average
Paradigm Biopharmaceuticals (PAR)3.0530c [10.9%]Volume 2.6 times average
Galaxy Resources (GXY)0.948.5c [9.9%]Price rise on beating relative strength
Highfield Resources (HFR)0.675.5c [9.0%]Price rise on beating relative strength
Lynas (LYC)2.5821c [8.9%]Price rise on beating relative strength
AJ Lucas Group (AJL)0.070.6c [8.7%]Price rise on rising relative strength
Strike Energy (STX)0.191.5c [8.6%]Price rise on rising relative strength
Nickel Mines (NIC)0.655c [8.4%]Price rise on rising relative strength
Metals X (MLX)0.10.8c [8.2%] 
Pendal Group (PDL)8.9267c [8.1%]Price rise on beating relative strength
Bravura Solutions (BVS)5.3640c [8.1%]Price rise on beating relative strength
Virgin Money UK (VUK)3.7727c [7.7%]Price/PMAP200 above 1 and rising
Platinum Asset Management (PTM)4.5532c [7.6%]Price rise on beating relative strength
Hastings Technology Metals (HAS)0.141c [7.4%]Volume 3.4 times average
Mount Gibson Iron (MGX)0.916c [7.1%]Price rise on beating relative strength
Syrah Resources (SYR)0.473c [6.8%]Price rise on beating relative strength
IMF Bentham (IMF)3.8124c [6.7%]Volume 5.7 times average
Audinate Group (AD8)8.0349c [6.5%]Price rise on beating relative strength
Avita Medical (AVH)0.573.5c [6.5%]Volume 1.2 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
Carindale Property Trust (CDP)5.95.87
SKY Network Television (SKT)0.690.69
Freelancer (FLN)0.590.59
Pantoro (PNR)0.140.14
Comet Ridge (COI)0.170.17
Pivotal Systems Corporation (PVS)1.151.1
Magnis Energy Technologies (MNS)0.090.09


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Flinders Mines (FMS)0.06-0.7c [-10.6%]Price fall on slipping relative strength
Silver Lake Resources (SLR)1.14-11.5c [-9.2%]Price fall on slipping relative strength
Ramelius Resources (RMS)0.91-8.5c [-8.6%]Price/MAP200 below 1 and falling
Evolution Mining (EVN)3.53-30c [-7.8%]Price/MAP200 below 1 and falling
Tungsten Mining (TGN)0.18-1.5c [-7.7%]Price fall on slipping relative strength
Heron Resources (HRR)0.1-0.8c [-7.6%]Price/MAP50 below 1
Gold Road Resources (GOR)1.12-8.5c [-7.0%]Volume 1.3 times average
Regis Resources (RRL)4.12-30c [-6.8%]Price fall on slipping relative strength
Alacer Gold (AQG)7.18-48c [-6.3%]Price fall on falling relative strength
West African Resources (WAF)0.38-2.5c [-6.2%]Continues significant downtrend
Northern Star Resources (NST)9.65-63c [-6.1%]Price/MAP200 below 1 and falling
Michael Hill International (MHJ)0.64-3.5c [-5.2%]Price fall on slipping relative strength
Perseus Mining (PRU)0.95-5c [-5.0%]Price fall on falling relative strength
SRG Global (SRG)0.4-2c [-4.8%]Falls for a second consecutive day
Westgold Resources (WGX)1.93-9c [-4.5%]Continues significant downtrend
Capitol Health (CAJ)0.21-1c [-4.4%]Price fall on slipping relative strength
Catapult Group (CAT)1.73-8c [-4.4%]Volume 2.4 times average
Saracen Mineral (SAR)2.82-13c [-4.4%]Price fall on slipping relative strength
Mirvac Group (MGR)3.14-14c [-4.3%]Price fall on slipping relative strength
Charter Hall Long Wale (CLW)5.42-23.94c [-4.2%]Price/MAP50 below 1


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
AMP(AMP)1.95Bullish Kicker
Genworth Mortgage Insurance Australia(GMA)3.7Bullish Kicker
HUB24(HUB)10.22Bullish Kicker
IOOF Holdings(IFL)7.95Bullish Kicker
Mesoblast(MSB)1.92Bullish Harami
Qantas Airways(QAN)7.28Bullish Harami
GrainCorp(GNC)7.85Bullish Engulfing


* 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.
* 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.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Opthea(OPT)2.67Bearish Engulfing
Qantm Intellectual Property(QIP)1.28Bearish Engulfing
Westgold Resources(WGX)1.93Bearish Engulfing
Cochlear(COH)225.1Bearish Kicker
Northern Star Resources(NST)9.65Bearish Kicker
Regis Resources(RRL)4.12Bearish Kicker
Aristocrat Leisure(ALL)34.19Dark Cloud
Eclipx Group(ECX)1.61Shooting 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 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.
* 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 $USBMCap Last $USB
BHP Group (BHP)$A39.353.9203.8
Westpac Banking (WBC)$A24.481.488.1
Australia and New Zealand Banking (ANZ)$A24.711.470


Bottom three Stocks

Company NameLast, AUDMCap fall $USMMCap Last $USB
Goodman Group (GMG)$A13.67731.425
Woolworths Group (WOW)$A37.42693.747.2
Mirvac Group (MGR)$A3.14550.812.4


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

Company NameLast, AUDPV$A1000 [1week]
Lynas (LYC)2.581,259
Nickel Mines (NIC)0.651,162
Orocobre (ORE)2.71,154


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Redbubble (RBL)1.03551
Paradigm Biopharmaceuticals (PAR)3.05857
SKY Network Television (SKT)0.69868


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

Company NameLast, AUDPV$A1000 [1year]
Opthea (OPT)2.674,768
Fortescue Metals (FMG)10.723,449
Polynovo (PNV)1.943,288


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Speedcast International (SDA)0.76209
Heron Resources (HRR)0.1215
Australis Oil & Gas (ATS)0.07222


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,208.5 billionIn Top 5%
Today's Trading Turnover$A5.4 billionIn Top 5%
Annual Revenue$A894.4 billionIn Top 5%

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

In the past 4 years, the All Ordinaries Index has jumped 32.3% from 5,251 to 6,948; an average annual compound rise of 7.3%.

 20192018201720162015
Index 29 Nov6,9485,8366,0965,5205,251
Index Change (%)19.1-4.310.45.1-0.9
Avg Daily Turnover ($A Billion)5.14.44.44.23.8


SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

CodeExcerptSource
WORWorley (WOR.AU) has announced total shares on issue of 520,356,354. The effective date is Thursday, December 12. BuySellSignals


10.2 Dividend

CodeExcerptsSource
CHCCharter Hall today announced an interim dividend of 17.50c per share, franked to 17%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Friday, February 28, 2020. BuySellSignals
CLWCharter Hall Long Wale today announced an interim dividend of 7.0c per share, franked to 0%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Friday, February 14, 2020. BuySellSignals
CQRCharter Hall Retail today announced an interim dividend of 14.52c per share, franked to 0%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Friday, February 28, 2020. BuySellSignals
GPTGPT Group today announced a final dividend of 13.37c per share, franked to 0%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Friday, February 28, 2020. BuySellSignals
RDCRedcape Hotel Group today announced an interim dividend of 2.21c per share, franked to 0%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Friday, February 28, 2020. BuySellSignals
SCPShopping Centres Australasia Property today announced an interim dividend of 7.50c per share, franked to 0%. The ex dividend date is Monday, December 30 and the record date is Tuesday, December 31, 2019 and it is payable on Wednesday, January 29, 2020. BuySellSignals


10.3 Press releases

CodeHeadlinesSource
CIPCenturia 'LifeGoals' awarded 'Very Strong' by Australia RatingsCompany Website
CMACenturia 'LifeGoals' awarded 'Very Strong' by Australia RatingsCompany Website
MYSMyState Launches New Managed Fund PlatformAustralian Securities Exchange
RIORio Tinto: Takeovers Panel findings in relation to ERAAustralian Securities Exchange


10.4 Financial Results

CodeHeadlineSource
CQRCharter Hall Retail: BP Portfolio Investment, Earnings Guidance and DistributionAustralian Securities Exchange


10.5 Substantial Shareholders Buying

CodeExcerptsSource
CGLMicroequities Asset Management Pty Ltd bought 2,548,667 shares worth $A10,653,428 ($US7,262,879) of Citadel Group (ASX:CGL) on December 10, becoming a substantial shareholder with 2,548,667 shares. The last price was $A4.20. BuySellSignals
COGTiga Trading Pty Ltd bought 78,988,222 shares worth $A7,108,940 ($US4,846,456) of Consolidated Operations Group (ASX:COG) on December 06, becoming a substantial shareholder with 78,988,222 shares. The last price was 10.0c. BuySellSignals
COGTHORNEY OPPORTUNITIES LTD bought 78,988,222 shares worth $A7,108,940 ($US4,846,456) of Consolidated Operations Group (ASX:COG) on December 06, becoming a substantial shareholder with 78,988,222 shares. The last price was 10.0c. BuySellSignals
EHEUnited Super Pty Ltd bought 13,087,909 shares worth $A32,327,135 ($US22,038,733) of Estia Health (ASX:EHE) on December 09, becoming a substantial shareholder with 13,087,909 shares. The last price was $A2.50. BuySellSignals
EXPForager Funds Management Pty Ltd bought 30,631,544 shares worth $A6,892,097 ($US4,698,625) of Experience Co (ASX:EXP) on December 10, becoming a substantial shareholder with 30,631,544 shares. The last price was 20.0c. BuySellSignals
MMSMitsubishi UFJ Financial Group, Inc. bought 3,930,835 shares worth $A52,201,489 ($US35,587,895) of McMillan Shakespeare (ASX:MMS) on December 09, becoming a substantial shareholder with 3,930,835 shares. The last price was $A13.30. BuySellSignals


10.6 People in Business

CodeExcerptsSource
BBNGary Kent was appointed Non-Executive Director of Baby Bunting Group (ASX:BBN) one year ago on December 12, 2018. The shares were up from $A2.0 to $A3.2 and the total annualized return to shareholders (TRS) since appointment is 65.9%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,659, a gain of $A607 and dividend reinvested of $A51.BuySellSignals
HRRBorden Putnam III was appointed Non-Executive Director of Heron Resources (ASX:HRR) five years ago on December 12, 2014. The shares were down from $A1.0 to 10.5c and the total annualized return to shareholders (TRS) since appointment is -36.8%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A101, a loss of $A899.BuySellSignals
MGXMount Gibson Iron has appointed Ding Rucai as Non-Executive Director. The appointment takes effect from Dec 12, 2019.BuySellSignals
SUNSuncorp Group has appointed Funke Kupper as Non-Executive Director. The appointment takes effect from Dec 12, 2019.BuySellSignals
SWMColette Garnsey was appointed Non-Executive Independent Director of Seven West Media (ASX:SWM) one year ago on December 12, 2018. The shares were down from 58.5c to 35.5c and the total annualized return to shareholders (TRS) since appointment is -39.3%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A607, a loss of $A393.BuySellSignals


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,464-0.8Troy Ounce13.8
Silver16.880.3Troy Ounce8.4
Copper2.821.08Pound4.3
Crude oil55.520.98Barrel13.5
Natural gas2.342.9MMBTU-36.1
Brent crude59.57-0.22Barrel6.7
Class iii milk19.43-0.15100 Pounds40.5
Corn3683.19100 Bushels-1.8
Soyabean oil31.952.27100 Pounds16


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,8450.519.3
S&P/ASX 2006,7400.518.8
Compare with:   
Dow Jones Industrials28,1320.820.6
S&P 5003,1690.926.4
HSI27,5302.04.4
Nikkei 22523,9952.417
FTSE 1007,2730.88


11.3 Macro Economic Indicators: Australia

IndicatorValue
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 MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.7283.2-109
Australia 5-Year0.7843.2-114
Australia 10-Year1.1784.4-114
Australia 15-Year1.2844.4-117


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