Australian Daily Newsletter

Daily Newsletter: All Ordinaries Index rises for a fourth consecutive day, a four-day rise of 2.5%
Friday January 17, 2020

The All Ordinaries Index rose 21.7 points (or 0.3%) to close at 7,180. The index rose for a fourth consecutive day on Friday bringing its four-day rise to 172.1 points or 2.5%.

Market capitalization of the Australian All Ordinaries Index rose 0.4% or $A8.4 billion to $A2,316.9 billion on Friday. Amongst the 462 Stocks traded in the All Ordinaries Index today, 214 (44.6%) advanced, 185 (38.5%) declined and 63 (13.1%) were unchanged. 18 (3.8%) were untraded.

ALL ORDINARIES INDEX SUMMARY

Currency	Australian Dollar (AUD)
Exchange rate	USD1 = AUD1.448; AUD1 = 0.6906 USD
Exchange Name	Australian Securities Exchange (ASX)
Last	7,180
52-Week Range	5,909 - 7,180
Total Market Cap	$A2,317 billion (USD 1,600.1 billion)
% change YTD	5.6
Number of constituents	480
Avg. daily turnover	AUD 5.1 billion (USD 3.5 billion)

TODAY'S TRADING SNAPSHOT

Stocks	No.	%
Advanced	214	44.6
Declined	185	38.5
Unchanged	63	13.1
Untraded	18	3.8
Total	480	100

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

FX	Close Jan 17	Jan 16	Daily Change %	YTD change %
AUD/SEK	6.5475	6.5548	0.11	-0.07
AUD/NOK	6.1316	6.1399	0.14	-0.73

The Australian Dollar fell against the following currencies:

FX	Close Jan 17	Jan 16	Daily Change %	YTD change %
AUD/USD	0.6898	0.6881	-0.24	-1.56
AUD/EUR	0.6194	0.619	-0.06	-0.94
AUD/JPY	76.0126	75.9692	-0.06	-0.21
AUD/GBP	0.5275	0.5254	-0.41	-1.25
AUD/CAD	0.9002	0.8991	-0.12	-1.53
AUD/CHF	0.6657	0.6655	-0.02	-1.84
AUD/CNY	4.7381	4.7198	-0.38	-3.09
AUD/HKD	5.3605	5.3466	-0.26	-1.73
AUD/NZD	1.0383	1.0355	-0.27	-0.27
AUD/KRW	799.655	797.7524	-0.24	-1.3
AUD/SGD	0.9287	0.927	-0.19	-1.61
AUD/MXN	12.9457	12.9007	-0.35	-2.4

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company Name	Last, AUD	% Yield
Coronado Global Resources (CRN)	2.19	24.9
Jupiter Mines (JMS)	0.31	21
Whitehaven Coal (WHC)	2.61	19.2
Genworth Mortgage Insurance Australia (GMA)	3.78	17
Yancoal Australia (YAL)	2.85	13.7
ARQ Group (ARQ)	0.35	12.9
Alumina (AWC)	2.29	11.4
WPP AUNZ (WPP)	0.56	11.3
Neometals (NMT)	0.18	10.8
Stanmore Coal (SMR)	1.02	10.8
SKY Network Television (SKT)	0.69	10.4
US Masters Residential Property Fund (URF)	0.59	10.1
Regional Express (REX)	1.2	10
Fortescue Metals (FMG)	11.41	10
Midway (MWY)	1.87	9.6
Seven West Media (SWM)	0.32	9.5
SmartGroup (SIQ)	6.95	9
Suncorp Group (SUN)	13.5	8.9
Bank of Queensland (BOQ)	7.39	8.8
Elanor Investors (ENN)	2.12	8.6

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company Name	Last, AUD	P/E
OM Holdings (OMH)	0.5	2.3
Galaxy Resources (GXY)	1.24	2.3
Grange Resources (GRR)	0.24	2.5
Slater & Gordon (SGH)	1.05	2.6
Stanmore Coal (SMR)	1.02	2.8
Horizon Oil (HZN)	0.12	3.1
Energy World (EWC)	0.07	3.1
Bathurst Resources (BRL)	0.12	4.1
Yancoal Australia (YAL)	2.85	4.2
Jupiter Mines (JMS)	0.31	4.4
Whitehaven Coal (WHC)	2.61	4.8
Collection House (CLH)	1.08	4.9
Perenti Global (PRN)	1.61	5.4
New Energy Solar (NEW)	1.29	5.4
Unibail-Rodamco-Westfield (URW)	10.89	5.8
Zimplats Holdings (ZIM)	11.59	5.9
Midway (MWY)	1.87	6
Viva Energy Group (VEA)	1.9	6.3
Capitol Health (CAJ)	0.23	6.6
Alumina (AWC)	2.29	7.2

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
Macquarie Group (MQG)	144.14	145.46
Wesfarmers (WES)	44.26	44.52
Rio Tinto (RIO)	105.24	105.56
Fortescue Metals (FMG)	11.41	11.43
Aristocrat Leisure (ALL)	36.98	37.58
QBE Insurance (QBE)	13.9	13.99
Ramsay Health Care (RHC)	76.53	76.62
REA Group (REA)	114.9	115.02
Sonic Healthcare (SHL)	30.97	31.01
Cochlear (COH)	240.71	242.76
James Hardie Industries (JHX)	30.44	30.73
Coca-Cola Amatil (CCL)	11.79	11.85
Reece (REH)	11.64	11.77
Charter Hall (CHC)	12.7	12.8
Downer EDI (DOW)	8.8	8.92
IDP Education (IEL)	20.16	20.22
Altium (ALU)	38.44	39.15
Fletcher Building (FBU)	5.23	5.26
Ansell (ANN)	31.32	31.57
Growthpoint Properties Australia (GOZ)	4.44	4.45

3.2 Top Twenty on price rises

Company Name	Last, AUD	Price Change	Comment
Wameja (WJA)	0.1	1.4c [17.3%]	Price rise on rising relative strength
Cann Group (CAN)	1.38	12.5c [10.0%]	Volume 5.3 times average
Elmo Software (ELO)	6.83	54c [8.6%]	Volume 2.6 times average
Pilbara Minerals (PLS)	0.38	3c [8.6%]	Price rise on beating relative strength
West African Resources (WAF)	0.42	3c [7.6%]	Price rise on rising relative strength
PSC Insurance Group (PSI)	3.2	20c [6.7%]	Volume 6.5 times average
Argosy Minerals (AGY)	0.09	0.5c [5.7%]	Continues significant uptrend
AVZ Minerals (AVZ)	0.06	0.3c [5.7%]	Price rise on beating relative strength
Paladin Energy (PDN)	0.09	0.5c [5.6%]	Price rise on beating relative strength
Mesoblast (MSB)	2.53	13c [5.4%]	Volume 2.5 times average
Stanmore Coal (SMR)	1.02	5c [5.2%]
Costa Group (CGC)	2.7	12c [4.7%]	Price rise on beating relative strength
Appen (APX)	26.11	$A1.11 [4.4%]	Price/MAP50 above 1 and rising
Horizon Oil (HZN)	0.12	0.5c [4.2%]	Price rise on rising relative strength
Jumbo Interactive (JIN)	16.32	60c [3.8%]	Price rise on rising relative strength
Fortescue Metals (FMG)	11.41	41c [3.7%]	Price/MAP50 above 1 and rising
New Century Resources (NCZ)	0.28	1c [3.7%]	Price rise on beating relative strength
GTN (GTN)	0.85	3c [3.7%]	Price rise on beating relative strength
Byron Energy (BYE)	0.3	1c [3.4%]	Price rise on rising relative strength
Panoramic Resources (PAN)	0.31	1c [3.3%]	Volume 1.1 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
Freelancer (FLN)	0.51	0.51
Terracom (TER)	0.31	0.3
Comet Ridge (COI)	0.17	0.17
Pantoro (PNR)	0.11	0.1
Tungsten Mining (TGN)	0.16	0.15
Terramin Australia (TZN)	0.03	0.03
LiveHire (LVH)	0.2	0.2

4.2 Bottom Twenty on price falls

Company Name	Last, AUD	Price Change	Comment
Pantoro (PNR)	0.11	-2c [-15.4%]	Volume 7.3 times average
Tungsten Mining (TGN)	0.16	-2.5c [-13.5%]	Volume 2.4 times average
Nufarm (NUF)	5.48	-61c [-10.0%]	Price fall on falling relative strength
Hutchison Telecommunications (Australia) (HTA)	0.13	-1c [-7.1%]	Volume 2.8 times average
Terramin Australia (TZN)	0.03	-0.2c [-5.7%]	Volume 5.4 times average
Freelancer (FLN)	0.51	-3c [-5.6%]	Price fall on slipping relative strength
Aeon Metals (AML)	0.17	-1c [-5.4%]	Volume 1.4 times average
Comet Ridge (COI)	0.17	-1c [-5.4%]	Continues significant downtrend
LiveHire (LVH)	0.2	-1c [-4.8%]	Price fall on slipping relative strength
Electro Optic Systems (EOS)	8.96	-41c [-4.4%]	Volume 3.2 times average
Bathurst Resources (BRL)	0.12	-0.5c [-4.2%]	Price fall on slipping relative strength
Decmil Group (DCG)	0.48	-2c [-4.0%]	Price fall on falling relative strength
Flinders Mines (FMS)	0.05	-0.2c [-3.9%]	Price fall on falling relative strength
Hastings Technology Metals (HAS)	0.13	-0.5c [-3.7%]	Price/MAP50 below 1
Beacon Lighting (BLX)	1.18	-4.5c [-3.7%]	Price fall on falling relative strength
Livetiles (LVT)	0.27	-1c [-3.6%]	Price fall on slipping relative strength
Clover (CLV)	2.67	-10c [-3.6%]	Price/MAP50 below 1
Accent Group (AX1)	1.75	-6.5c [-3.6%]	Price fall on slipping relative strength
Praemium (PPS)	0.54	-2c [-3.6%]	Price/MAP50 below 1
Evans Dixon (ED1)	1.09	-4c [-3.5%]	Price fall on slipping relative strength

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company Name	Last, AUD	Comment*
Collection House(CLH)	1.08	Bullish Harami
GrainCorp(GNC)	8.32	Bullish Harami
Kathmandu Holdings(KMD)	3.15	Bullish Harami
OZ Minerals(OZL)	10.98	Bullish Harami
Speedcast International(SDA)	0.95	Bullish Harami
Syrah Resources(SYR)	0.63	Bullish Harami
GTN(GTN)	0.85	Bullish Engulfing

* 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 Name	Last, AUD	Comment*
GPT Group(GPT)	5.9	Bearish Engulfing
Monadelphous Group(MND)	17.35	Bearish Engulfing
Money3(MNY)	2.4	Bearish Engulfing
Praemium(PPS)	0.54	Bearish Engulfing
The Star Entertainment Group(SGR)	4.7	Bearish Engulfing
New Energy Solar(NEW)	1.29	Bearish Kicker
Challenger(CGF)	8.63	Dark Cloud

* 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.

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)	$A40.6	2.4 B	210.3
Fortescue Metals (FMG)	$A11.41	1.3 B	35.2
Rio Tinto (RIO)	$A105.24	682.6 M	39

Bottom three Stocks

Company Name	Last, AUD	MCap fall $USM	MCap Last $USB
Commonwealth Bank of Australia (CBA)	$A84.05	725.8	148.8
Woodside Petroleum (WPL)	$A35.56	414.6	33.5
CSL (CSL)	$A300.1	358.6	136.2

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

Company Name	Last, AUD	PV$A1000 [1week]
Cann Group (CAN)	1.38	1,455
AVZ Minerals (AVZ)	0.06	1,302
Polynovo (PNV)	2.45	1,219

Bottom three Stocks

Company Name	Last, AUD	PV$A1000 [1week]
US Masters Residential Property Fund (URF)	0.59	665
Magnis Energy Technologies (MNS)	0.14	711
Pantoro (PNR)	0.11	759

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

Company Name	Last, AUD	PV$A1000 [1year]
Polynovo (PNV)	2.45	4,153
Paradigm Biopharmaceuticals (PAR)	3.95	3,985
Electro Optic Systems (EOS)	8.96	3,733

Bottom three Stocks

Company Name	Last, AUD	PV$A1000 [1year]
Metals X (MLX)	0.09	211
Australis Oil & Gas (ATS)	0.09	295
Terramin Australia (TZN)	0.03	322

SECTION 8 Bullish Indicators

Description	Value	Rank In Indices
Aggregate MCap	$A2,316.9 billion	In Top 5%
Today's Trading Turnover	$A4.6 billion	In Top 5%
Annual Revenue	$A884.7 billion	In Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 31 Dec)

In the past 4 years, the All Ordinaries Index has jumped 18.9% from 5,719 to 6,802; an average annual compound rise of 4.4%.

	2019	2018	2017	2016
Index 31 Dec	6,802	5,709	6,167	5,719
Index Change (%)	19.1	-7.4	7.8	7
Avg Daily Turnover ($A Billion)	5.1	4.4	4.4	4.3

SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

Code	Excerpts	Source
SLK	Sealink Travel (SLK.AU) has announced an increase of 72,869,945 shares (or 50.1%) in total shares on issue from 145,529,103 to 218,399,048. The effective date is Thursday, January 16.	BuySellSignals
XRO	Xero (XRO.AU) has announced total shares on issue of 141,519,217. The effective date is Wednesday, January 15.	BuySellSignals

10.2 Extraordinary General Meeting

Code	Excerpt	Source
NWH	NRW Holdings has announced its Extra Ordinary General Meeting will take place on Tuesday, February 18.	BuySellSignals

10.3 Press releases

Code	Headlines	Source
ADI	APN Industria REIT: HY2020 Results Reporting Date	Australian Securities Exchange
AEF	AEF - Quarterly FUM Announcement	Australian Securities Exchange
APD	Events Calendar: APN Property: HY2020 Results Reporting Date and Conference Call	Australian Securities Exchange
AQR	APN Convenience Retail REIT: HY2020 Results Reporting Date	Australian Securities Exchange
CAT	Catapult's US Momentum Continues	Australian Securities Exchange
CRN	Coronado Global Resources: Update on Incident at Curragh Mine	Australian Securities Exchange
CTX	Caltex Australia: Update on Discussions with Alimentation Couche-Tard	Australian Securities Exchange
CTX	Caltex Refiner Margin Update (Q4 2019)	Australian Securities Exchange
DNK	Danakali: Issue of Shares, PDMR transactions, and Appendix 2A	Australian Securities Exchange
FDM	Freedom Oil and Gas: Update Regarding Forbearance Agreement	Australian Securities Exchange
LVT	Livetiles: Q2 ARR grows to $52.7 million	Australian Securities Exchange
MP1	Megaport: Appendix 4C - quarterly	Australian Securities Exchange
NGI	Navigator Global Investments: December 2019 AUM Update	Australian Securities Exchange
RSG	Resolute Mining: Sale of Ravenswood Gold Mine	Company Website

10.4 Financial Results

Code	Headlines	Source
AWC	Alumina: Alcoa Corp 2019 4th Quarter Earnings Result	Australian Securities Exchange
GMA	Genworth Mortgage Insurance Australia: FY19 Earnings Release Date	Australian Securities Exchange
LYC	Lynas: Date of Quarterly Report and Briefing	Australian Securities Exchange
PNR	Pantoro: Quarterly Report & Appendix 5B	Australian Securities Exchange
RIO	Rio Tinto releases fourth quarter production results	Australian Securities Exchange
RSG	Resolute Mining: Quarterly Activities Report	Company Website
RSG	Resolute Mining: Quarterly Activities Report	Australian Securities Exchange
S32	South32: Quarterly Report December 2019	Australian Securities Exchange
SIQ	SmartGroup: Advance notice of annual results briefing	Australian Securities Exchange
SKT	SKY Network Television: Half Year Results - Announcement Date	Australian Securities Exchange
WHC	Whitehaven Coal: December 2019 Quarterly Report	Australian Securities Exchange
WPL	Woodside Petroleum: Fourth Quarter Report 2019	Australian Securities Exchange
YAL	Yancoal Australia: HKEx Version Quarterly Activities Report	Australian Securities Exchange

10.5 Substantial Shareholders Buying

Code	Excerpt	Source
TWE	Treasury Wine Estates (ASX:TWE) substantial shareholder BlackRock Group bought 7,940,748 shares worth $A136,977,903 ($US94,497,768) on January 14, increasing 15.3% from 51,992,128 shares to 59,932,876 shares. The purchase price was $A17.25.	BuySellSignals

10.6 People in Business

Code	Excerpts	Source
BBN	Donna Player was appointed Non-Executive Independent Director of Baby Bunting Group (ASX:BBN) three years ago on January 16, 2017. The shares were up from $A2.1 to $A3.4 and the total annualized return to shareholders (TRS) since appointment is 20.9%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,768, a gain of $A598 and dividend reinvested of $A170.	BuySellSignals
CTD	Corporate Travel Management will appoint Jon Brett as Non-Executive Director. The appointment takes effect from Jan 31, 2020.	BuySellSignals
GXY	Alan Fitzpatrick was appointed Independent Non-Executive Director of Galaxy Resources (ASX:GXY) one year ago on January 16, 2019. The shares were down from $A2.2 to $A1.2 and the total annualized return to shareholders (TRS) since appointment is -44.8%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A552, a loss of $A448.	BuySellSignals
VOC	Mark Wratten was appointed CFO of Vocus Group (ASX:VOC) three years ago on January 16, 2017. The shares were down from $A4.3 to $A3.4 and the total annualized return to shareholders (TRS) since appointment is -7%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A804, a loss of $A207 and dividend reinvested of $A11.	BuySellSignals

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

Commodities	Price ($US)	% Change	Unit	% YTD
Gold	1,553	-0.24	Troy Ounce	2.7
Silver	18.36	0.22	Troy Ounce	2.4
Copper	2.85	-0.42	Pound	-0
Crude oil	55.49	0.42	Barrel	-3.8
Natural gas	2.06	-2.09	MMBTU	-9.8
Brent crude	60.02	-0.03	Barrel	-3.9
Class iii milk	16.98	0.12	100 Pounds	-12
Corn	376	-2.84	100 Bushels	-3.1
Soyabean oil	33.09	-1.52	100 Pounds	-5.8

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

Indices	Close	% Change	% YTD Change
This Market
All Ordinaries	7,180	0.3	5.2
S&P/ASX 200	7,064	0.3	5.3
Compare with:
HSI	28,870	-0.04	2.5
Nikkei 225	24,050	0.5	1.2
FTSE 100	7,621	-0.3	1.1
Dow Jones Industrials	29,298	0.9	2.7
S&P 500	3,317	0.8	2.7

11.3 Macro Economic Indicators: Australia

Indicator	Value
GDP (USD Billion)	1,432
GDP growth yoy (%)	1.7
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	0.758	-2.5	-14
Australia 5-Year	0.832	-2.9	-16
Australia 10-Year	1.176	-4.6	-20
Australia 15-Year	1.283	-4.9	-20

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