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
| Currency | Australian Dollar (AUD) |
| Exchange rate | USD1 = AUD1.4558; AUD1 = 0.6874 USD |
| Exchange Name | Australian Securities Exchange (ASX) |
| Last | 6,782 |
| 52-Week Range | 5,533 - 6,928 |
| Total Market Cap | $A2,174 billion (USD 1,494.3 billion) |
| % change YTD | 18.8 |
| Number of constituents | 491 |
| Avg. daily turnover | AUD 4.9 billion (USD 3.4 billion) |
TODAY'S TRADING SNAPSHOT
| Stocks | No. | % |
| Declined | 232 | 47.2 |
| Advanced | 190 | 38.7 |
| Unchanged | 54 | 11 |
| Untraded | 15 | 3 |
| Total | 491 | 100 |
SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD
| Company Name | Last, AUD | % Yield |
| Coronado Global Resources (CRN) | 2.53 | 21.6 |
| Jupiter Mines (JMS) | 0.4 | 19 |
| Whitehaven Coal (WHC) | 3.37 | 14.8 |
| Yancoal Australia (YAL) | 2.96 | 13.1 |
| Michael Hill International (MHJ) | 0.49 | 13.1 |
| Evans Dixon (ED1) | 0.84 | 13.1 |
| Fortescue Metals (FMG) | 9.01 | 12.7 |
| Genworth Mortgage Insurance Australia (GMA) | 3.39 | 11.8 |
| Neometals (NMT) | 0.17 | 11.4 |
| Vita Group (VTG) | 1.21 | 11.3 |
| WPP AUNZ (WPP) | 0.58 | 10.9 |
| Alumina (AWC) | 2.46 | 10.7 |
| GR Engineering Services (GNG) | 0.85 | 10.6 |
| AVJennings (AVJ) | 0.54 | 10.2 |
| OM Holdings (OMH) | 0.51 | 9.8 |
| Rio Tinto (RIO) | 94.11 | 9.5 |
| Alliance Aviation Services (AQZ) | 2.42 | 9.1 |
| Zimplats Holdings (ZIM) | 9.85 | 8.9 |
| Grange Resources (GRR) | 0.23 | 8.9 |
| BHP Group (BHP) | 38.3 | 8.7 |
SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E
| Company Name | Last, AUD | P/E |
| Galaxy Resources (GXY) | 1.17 | 2.2 |
| Grange Resources (GRR) | 0.23 | 2.3 |
| OM Holdings (OMH) | 0.51 | 2.3 |
| Pacific Current Group (PAC) | 6.2 | 3.3 |
| AVEO (AOG) | 2.12 | 3.4 |
| Cash Converters (CCV) | 0.16 | 3.5 |
| Bathurst Resources (BRL) | 0.1 | 3.5 |
| Apollo Tourism & Leisure (ATL) | 0.41 | 3.9 |
| Stanmore Coal (SMR) | 1.42 | 3.9 |
| Yancoal Australia (YAL) | 2.96 | 4.4 |
| BlueScope Steel (BSL) | 12.63 | 4.4 |
| Energy World (EWC) | 0.08 | 4.6 |
| Base Resources (BSE) | 0.23 | 4.7 |
| Neometals (NMT) | 0.17 | 4.7 |
| Australian Unity Office Fund (AOF) | 3.02 | 4.8 |
| ERM Power (EPW) | 2.43 | 4.9 |
| Seven West Media (SWM) | 0.45 | 5 |
| Euroz (EZL) | 1.03 | 5.2 |
| New Energy Solar (NEW) | 1.26 | 5.3 |
| Unibail-Rodamco-Westfield (URW) | 10.33 | 5.5 |
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 |
| Santos (STO) | 7.75 | 8.04 |
| Beach Energy (BPT) | 2.66 | 2.79 |
| Independence Group (IGO) | 6.53 | 6.58 |
| AP Eagers (APE) | 13.9 | 13.9 |
| Bellamy's Australia (BAL) | 12.89 | 12.98 |
| Nickel Mines (NIC) | 0.73 | 0.75 |
| Codan (CDA) | 4.91 | 5 |
| Lifestyle Communities (LIC) | 8 | 8.11 |
| Sigma Healthcare (SIG) | 0.67 | 0.68 |
| Electro Optic Systems (EOS) | 6.43 | 6.5 |
| West African Resources (WAF) | 0.55 | 0.56 |
| Pacific Energy (PEA) | 1.11 | 1.13 |
| Baby Bunting Group (BBN) | 3.55 | 3.62 |
3.2 Top Twenty on price rises
| Company Name | Last, AUD | Price Change | Comment |
| Bellamy's Australia (BAL) | 12.89 | $A4.57 [54.9%] | Volume 15.7 times average |
| Sundance Energy Australia (SEA) | 0.24 | 5c [26.3%] | Volume 4.4 times average |
| Liquefied Natural Gas (LNG) | 0.29 | 5c [20.4%] | Volume 3.7 times average |
| iSignthis (ISX) | 1.14 | 11.5c [11.3%] | Volume 8 times average |
| CI Resources (CII) | 1.45 | 14.5c [11.2%] | Volume 10.3 times average |
| Blackmores (BKL) | 84 | $A7.22 [9.4%] | Volume 3.7 times average |
| West African Resources (WAF) | 0.55 | 4c [7.8%] | Volume 2.3 times average |
| Eclipx Group (ECX) | 1.73 | 12.5c [7.8%] | Volume 1.7 times average |
| Australis Oil & Gas (ATS) | 0.21 | 1.5c [7.5%] | Price rise on rising relative strength |
| Horizon Oil (HZN) | 0.14 | 1c [7.4%] | Volume 3.3 times average |
| Electro Optic Systems (EOS) | 6.43 | 43c [7.2%] | Volume 7.8 times average |
| Paradigm Biopharmaceuticals (PAR) | 2.13 | 14c [7.0%] | Price rise on beating relative strength |
| Worleyparsons (WOR) | 13.91 | 88c [6.8%] | Volume 2 times average |
| Altura Mining (AJM) | 0.08 | 0.5c [6.5%] | Volume 1.3 times average |
| Oil Search (OSH) | 7.73 | 47c [6.5%] | Volume 2.9 times average |
| Beach Energy (BPT) | 2.66 | 15c [6.0%] | Price rise on beating relative strength |
| Northern Star Resources (NST) | 11 | 62c [6.0%] | Volume 1.8 times average |
| Dacian Gold (DCN) | 1.3 | 7c [5.7%] | Volume 2 times average |
| MMA Offshore (MRM) | 0.2 | 1c [5.3%] | Price/MAP50 above 1 |
| Perseus Mining (PRU) | 0.75 | 3.5c [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 Name | Last, AUD | 52-Wk Low, AUD |
| OM Holdings (OMH) | 0.51 | 0.47 |
| Amaysim Australia (AYS) | 0.39 | 0.38 |
4.2 Bottom Twenty on price falls
| Company Name | Last, AUD | Price Change | Comment |
| 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 Name | Last, AUD | Comment* |
| Beacon Lighting(BLX) | 1.11 | Inverted Hammer |
| Seven Group(SVW) | 17.81 | Inverted Hammer |
| Whitehaven Coal(WHC) | 3.37 | Inverted Hammer |
| Worleyparsons(WOR) | 13.91 | Inverted Hammer |
| Eclipx Group(ECX) | 1.73 | Bullish Kicker |
| Redcape Hotel Group(RDC) | 1.08 | Bullish Kicker |
| Lynas(LYC) | 2.6 | Bullish Engulfing |
| Silver Lake Resources(SLR) | 0.98 | Bullish 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 Name | Last, AUD | Comment* |
| AGL Energy(AGL) | 18.87 | Bearish Kicker |
| Cardno(CDD) | 1.05 | Bearish Kicker |
| Cochlear(COH) | 207.44 | Bearish Kicker |
| Mirvac Group(MGR) | 3.04 | Bearish Kicker |
| Redbubble(RBL) | 1.35 | Bearish Kicker |
| Sydney Airport(SYD) | 7.91 | Bearish Kicker |
| Telstra(TLS) | 3.57 | Bearish Kicker |
| Aurizon Holdings(AZJ) | 5.81 | Hanging Man |
| National Storage(NSR) | 1.79 | Hanging Man |
| Tabcorp Holdings(TAH) | 4.8 | Hanging Man |
| Catapult Group(CAT) | 1.32 | Bearish Engulfing |
| Centuria Metropolitan(CMA) | 3.02 | Bearish Engulfing |
| Qube Holdings(QUB) | 3.19 | Evening 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 Name | Last, AUD | MCap rise $US | MCap Last $USB |
| BHP Group (BHP) | $A38.3 | 6.1 B | 198.4 |
| Woodside Petroleum (WPL) | $A32.7 | 1.3 B | 30.6 |
| Newcrest Mining (NCM) | $A34.6 | 837.6 M | 26.6 |
Bottom three Stocks
| Company Name | Last, AUD | MCap fall $USM | MCap Last $USB |
| Transurban Group (TCL) | $A14.18 | 921.8 | 38.4 |
| Commonwealth Bank of Australia (CBA) | $A81.69 | 796.6 | 144.6 |
| Australia and New Zealand Banking (ANZ) | $A27.6 | 708.6 | 78.2 |
7.2 Present Value Changes For AUD1,000 invested one week ago
Top three Stocks
| Company Name | Last, AUD | PV$A1000 [1week] |
| Liquefied Natural Gas (LNG) | 0.29 | 1,553 |
| Mesoblast (MSB) | 2.21 | 1,519 |
| Bellamy's Australia (BAL) | 12.89 | 1,488 |
Bottom three Stocks
| Company Name | Last, AUD | PV$A1000 [1week] |
| iSignthis (ISX) | 1.14 | 725 |
| Appen (APX) | 21 | 806 |
| Pro Medicus (PME) | 27.57 | 815 |
7.3 Present Value Changes For AUD1,000 invested one year ago
Top three Stocks
| Company Name | Last, AUD | PV$A1000 [1year] |
| Polynovo (PNV) | 2.07 | 3,798 |
| Jumbo Interactive (JIN) | 22.79 | 3,412 |
| Fortescue Metals (FMG) | 9.01 | 3,335 |
Bottom three Stocks
| Company Name | Last, AUD | PV$A1000 [1year] |
| Syrah Resources (SYR) | 0.54 | 241 |
| ARQ Group (ARQ) | 0.55 | 269 |
| Speedcast International (SDA) | 1.23 | 290 |
SECTION 8 Bullish Indicators
| Description | Value | Rank In Indices |
| Aggregate MCap | $A2,173.8 billion | In Top 5% |
| Today's Trading Turnover | $A7 billion | In Top 5% |
| Annual Revenue | $A872.2 billion | In Top 5% |
| Price/MAP200 | 1.1 | In Top Quartile |
SECTION 9 Year-on-Year Comparison (Trailing year - ended 30 Aug)
In the past 4 years, the All Ordinaries Index has jumped 27.0% from 5,275 to 6,699; an average annual compound rise of 6.2%.
| | 2019 | 2018 | 2017 | 2016 | 2015 |
| Index 30 Aug | 6,699 | 6,460 | 5,734 | 5,574 | 5,275 |
| Index Change (%) | 3.7 | 12.7 | 2.9 | 5.7 | -6.2 |
| Avg Daily Turnover ($A Billion) | 4.9 | 4.3 | 4.4 | 4.2 | 3.5 |
SECTION 10 ANNOUNCEMENTS
10.1 Total Shares On Issue
| Code | Excerpts | Source |
| AD8 | Audinate 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 |
| JHX | James 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 |
| PNI | Pinnacle 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 |
| QUB | Qube 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 |
| SGM | Sims 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 |
| SSM | Service 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
| Code | Excerpt | Source |
| RHL | Ruralco 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
| Code | Excerpts | Source |
| AYS | Amaysim Australia has announced its Annual General Meeting will take place on Thursday, October 24. | BuySellSignals |
| BWX | BWX has announced its Annual General Meeting will take place on Thursday, November 21. | BuySellSignals |
| CWY | Cleanaway Waste Management has announced its Annual General Meeting will take place on Friday, October 25. | BuySellSignals |
| ING | Inghams Group has announced its Annual General Meeting will take place on Thursday, October 17. | BuySellSignals |
| MP1 | Megaport has announced its Annual General Meeting will take place on Friday, November 22. | BuySellSignals |
| PPE | People Infrastructure has announced its Annual General Meeting will take place on Thursday, September 26. | BuySellSignals |
| S32 | South32 has announced its Annual General Meeting will take place on Thursday, October 24. | BuySellSignals |
10.4 Buyback of Shares
| Code | Excerpts | Source |
| ANN | Ansell (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 |
| BXB | Brambles (BXB.AU) announced a buyback of 446,532 shares worth $A5,036,881 (or $US3,459,476) on September 13, 2019. | BuySellSignals |
| CPU | Computershare (CPU.AU) announced a buyback of 75,000 shares worth $A1,193,250 (or $US819,559) on September 13, 2019. | BuySellSignals |
| CVW | Clearview Wealth (CVW.AU) announced a buyback of 45,000 shares worth $A29,700 (or $US20,399) on September 13, 2019. | BuySellSignals |
| GTN | GTN (GTN.AU) announced a buyback of 22,703 shares worth $A17,822 (or $US12,241) on September 13, 2019. | BuySellSignals |
| S32 | South32 (S32.AU) announced a buyback of 1,996,209 shares worth $A5,609,347 (or $US3,852,662) on September 13, 2019. | BuySellSignals |
SECTION 11 ECONOMIC INDICATORS
11.1 Global Commodities Spot Prices
| Commodities | Price ($US) | % Change | Unit | % YTD |
| Gold | 1,507 | 0.09 | Troy Ounce | 17.2 |
| Silver | 18.17 | -0.27 | Troy Ounce | 16.7 |
| Copper | 2.63 | 0.94 | Pound | -2.9 |
| Crude oil | 55.04 | -1.24 | Barrel | 12.5 |
| Natural gas | 2.57 | 0.94 | MMBTU | -29.8 |
| Brent crude | 59.6 | -4.3 | Barrel | 6.8 |
| Class iii milk | 18.31 | 0.44 | 100 Pounds | 32.4 |
| Corn | 354 | 1.26 | 100 Bushels | -5.7 |
| Soyabean oil | 28.97 | 1.01 | 100 Pounds | 5.2 |
Against principal trading currencies, the AUD rates today are:
| FX | Close | Inverse | PIP | % YTD |
| AUD/USD | 0.6875 | 1.4546 | 2.17 | -2.6 |
| AUD/EUR | 0.6211 | 1.6101 | 3.17 | 0.5 |
| AUD/JPY | 74.1575 | 0.0135 | -1,413.98 | -4.9 |
| AUD/GBP | 0.5514 | 1.8137 | -51.08 | -1 |
| AUD/CHF | 0.6797 | 1.4713 | -4.54 | -2.3 |
| AUD/CAD | 0.9098 | 1.0991 | 10.34 | -5.4 |
| AUD/NZD | 1.0766 | 0.9289 | 41.64 | 2.3 |
| AUD/CNY | 4.8592 | 0.2058 | -55.86 | 0.1 |
| AUD/INR | 49.1601 | 0.0203 | 4,001.22 | -0.3 |
| AUD/IDR | 9,652.3846 | 0.0001 | 685,888.8 | -5.5 |
| AUD/MYR | 2.8651 | 0.349 | 36.92 | -2 |
11.2 Against principal global indices, these markets compared today as:
| Indices | Close | % Change | % YTD Change |
| This Market | | | |
| All Ordinaries | 6,782 | 0.07 | 18.7 |
| S&P/ASX 200 | 6,674 | 0.06 | 18.1 |
| Compare with: | | | |
| Dow Jones Industrials | 27,220 | 0.1 | 16.7 |
| Nikkei 225 | 21,988 | 1.1 | 9.9 |
| S&P 500 | 3,007 | -0.07 | 20 |
| FTSE 100 | 7,367 | 0.3 | 9.4 |
| HSI | 27,035 | -1.2 | 5.8 |
11.3 Macro Economic Indicators: Australia
| Indicator | Value |
| 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 Maturity | Today's Yield (%) | Today's Change | YTD Change |
| Australia 3-Year | 0.949 | 6.9 | -87 |
| Australia 5-Year | 0.965 | 5.8 | -96 |
| Australia 10-Year | 1.229 | 7.2 | -109 |
| Australia 15-Year | 1.332 | 6.5 | -113 |
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