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

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4591; AUD1 = 0.6853 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,806
52-Week Range5,533 - 6,928
Total Market Cap$A2,181 billion (USD 1,494.6 billion)
% change YTD19.2
Number of constituents486
Avg. daily turnoverAUD 5 billion (USD 3.4 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Declined24851
Advanced16534
Unchanged5210.7
Untraded214.3
Total486100


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

FXClose Nov 13Nov 12Daily Change %YTD change %
AUD/EUR0.62130.62180.070.54
AUD/CNY4.80214.80760.12-1.12
AUD/SEK6.64886.65640.124.88
AUD/KRW798.9275801.19080.281.82
AUD/SGD0.93230.93280.05-3.23
AUD/NOK6.27356.29140.292.2
AUD/MXN13.230613.3570.960


The Australian Dollar fell against the following currencies:

FXClose Nov 13Nov 12Daily Change %YTD change %
AUD/USD0.68440.6838-0.09-3.08
AUD/JPY74.663874.5212-0.19-4.24
AUD/GBP0.53260.53260-4.35
AUD/CAD0.90660.9064-0.02-5.78
AUD/CHF0.67810.6749-0.47-2.51
AUD/HKD5.36095.3602-0.01-3.08
AUD/NZD1.06951.0577-1.091.62

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Jupiter Mines (JMS)0.2625
Coronado Global Resources (CRN)2.2424.4
Genworth Mortgage Insurance Australia (GMA)3.8916.5
Whitehaven Coal (WHC)3.1815.7
Fortescue Metals (FMG)8.6713.2
Yancoal Australia (YAL)2.9713.1
WPP AUNZ (WPP)0.5112.5
ARQ Group (ARQ)0.4110.8
Alumina (AWC)2.4610.7
Westpac Banking (WBC)26.4410.1
Neometals (NMT)0.210
Rio Tinto (RIO)91.89.8
Australia and New Zealand Banking (ANZ)25.29.5
Navigator Global Investments (NGI)2.599.5
Stanmore Coal (SMR)1.179.4
Midway (MWY)1.939.3
Grange Resources (GRR)0.219.3
Evans Dixon (ED1)0.869.3
Suncorp Group (SUN)13.139.2
BHP Group (BHP)36.799.1

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)1.011.9
OM Holdings (OMH)0.482.2
Grange Resources (GRR)0.212.2
Slater & Gordon (SGH)0.882.2
Stanmore Coal (SMR)1.173.2
Horizon Oil (HZN)0.143.6
Energy World (EWC)0.093.7
Bathurst Resources (BRL)0.13.7
Jupiter Mines (JMS)0.263.7
Base Resources (BSE)0.214.3
Yancoal Australia (YAL)2.974.4
New Energy Solar (NEW)1.174.9
Euroz (EZL)1.075.4
Collection House (CLH)1.215.5
Zimplats Holdings (ZIM)115.6
Fortescue Metals (FMG)8.675.8
Whitehaven Coal (WHC)3.185.9
Unibail-Rodamco-Westfield (URW)11.536.1
Midway (MWY)1.936.2
Perenti Global (PRN)1.946.4


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
James Hardie Industries (JHX)28.7729.05
Xero (XRO)77.5778.18
Qantas Airways (QAN)6.957.01
Dominos Pizza Enterprises (DMP)51.6351.96
Premier Investments (PMV)19.8420.08
Metcash (MTS)3.073.16
Janus Henderson Group (JHG)36.8736.95
Nanosonics (NAN)6.997.21
Bingo Industries (BIN)2.82.96
Austal (ASB)4.554.99
ARB (ARB)19.519.71
Zimplats Holdings (ZIM)1111.1
Resimac Group (RMC)0.971.01
Australian Ethical Investment (AEF)3.43.45
Catapult Group (CAT)1.771.89
Bell Financial (BFG)11.02
AVJennings (AVJ)0.60.6


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
EML Payments (EML)4.3556.67c [15.0%]Price/MAP50 above 1
Bingo Industries (BIN)2.827c [10.7%]Price rise on rising relative strength
Sundance Energy Australia (SEA)0.141c [7.7%]Volume 5.8 times average
Flinders Mines (FMS)0.070.4c [6.2%]Price/MAP50 above 1
Appen (APX)22.66$A1.26 [5.9%]Price rise on rising relative strength
Neometals (NMT)0.21c [5.3%]Price rise on beating relative strength
Data3 (DTL)3.4317c [5.2%]Volume 3.9 times average
Base Resources (BSE)0.211c [4.9%] 
SKY Network Television (SKT)0.894c [4.7%]Price rise on rising relative strength
SG Fleet (SGF)2.6812c [4.7%]Price rise on rising relative strength
Fluence Corporation (FLC)0.462c [4.5%]Volume 2.7 times average
Pro-Pac Packaging (PPG)0.120.5c [4.3%]Price rise on rising relative strength
Wameja (WJA)0.120.5c [4.3%]Price rise on beating relative strength
Terracom (TER)0.381.5c [4.2%] 
Pacific Smiles (PSQ)1.777c [4.1%]Price/PMAP200 above 1 and rising
Clover (CLV)3.1512c [4.0%]Price/MAP50 above 1 and rising
Metro Mining (MMI)0.140.5c [3.9%]Volume 1.5 times average
Karoon Energy (KAR)1.14c [3.8%]Volume 4.3 times average
Paragon Care (PGC)0.431.5c [3.6%]Price rise on rising relative strength
Consolidated Operations Group (COG)0.10.3c [3.3%]Price rise on beating relative strength


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)5.95.9
Clearview Wealth (CVW)0.550.55
Cardno (CDD)0.470.46
Comet Ridge (COI)0.20.2
Vitalharvest Freehold Trust (VTH)0.780.77
Slater & Gordon (SGH)0.880.88
AusCann Group Holdings (AC8)0.270.27
FBR (FBR)0.060.06
Heron Resources (HRR)0.140.13
Millennium Minerals (MOY)0.050.05


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
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 NameLast, AUDComment*
Coronado Global Resources(CRN)2.24Bullish Harami
Monadelphous Group(MND)15.58Bullish Harami
SRG Global(SRG)0.38Bullish Harami
Flinders Mines(FMS)0.07Bullish Kicker
Premier Investments(PMV)19.84Bullish Kicker
People Infrastructure(PPE)3.15Inverted 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 NameLast, AUDComment*
Cooper Energy(COE)0.56Bearish Engulfing
Cochlear(COH)219.68Bearish Engulfing
Cleanaway Waste Management(CWY)1.84Bearish Engulfing
Dexus(DXS)11.59Bearish Engulfing
Freelancer(FLN)0.64Bearish Engulfing
Garda Diversified Property Fund(GDF)1.43Bearish Engulfing
IVE Group(IGL)2.02Bearish Engulfing
Imdex(IMD)1.52Bearish Engulfing
Ramsay Health Care(RHC)71.23Bearish Engulfing
Starpharma Holdings(SPL)1.28Bearish Engulfing
Capitol Health(CAJ)0.24Bearish Kicker
Citadel Group(CGL)3.38Bearish Kicker
Praemium(PPS)0.58Bearish Kicker
Sydney Airport(SYD)8.77Bearish Kicker
Woolworths Group(WOW)37.8Bearish Kicker
SEEK(SEK)22.71Shooting 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 Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMMCap Last $USB
Elders (ELD)$A6.6259.31
CSL (CSL)$A266.91181.5121.1
Bingo Industries (BIN)$A2.8176.51.8


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
Commonwealth Bank of Australia (CBA)$A79.242.8140.3
BHP Group (BHP)$A36.791.6190.6
Westpac Banking (WBC)$A26.441.394.4


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

Company NameLast, AUDPV$A1000 [1week]
Catapult Group (CAT)1.771,238
Bingo Industries (BIN)2.81,197
James Hardie Industries (JHX)28.771,165


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
AJ Lucas Group (AJL)0.06810
Bellevue Gold (BGL)0.44822
Australian Mines (AUZ)0.01824


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

Company NameLast, AUDPV$A1000 [1year]
Polynovo (PNV)2.133,770
Paradigm Biopharmaceuticals (PAR)2.993,257
Alacer Gold (AQG)7.33,120


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Syrah Resources (SYR)0.44244
Millennium Minerals (MOY)0.05249
Australian Mines (AUZ)0.01250


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,180.9 billionIn Top 5%
Today's Trading Turnover$A5.6 billionIn Top 5%
Annual Revenue$A899.1 billionIn 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%.

 20192018201720162015
Index 31 Oct6,7735,9135,9765,4115,289
Index Change (%)14.5-1.110.42.3-3.9
Avg Daily Turnover ($A Billion)54.44.44.23.7


SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

CodeExcerptsSource
AMAAMA 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
HRRHeron 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
MYXMayne 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
RBLRedbubble (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

CodeExcerptsSource
GMAGenworth 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
IPLIncitec 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
OFXOFX 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

CodeExcerptSource
PDLPendal Group has announced its Annual General Meeting will take place on Friday, December 13. BuySellSignals


10.4 Buyback of Shares

CodeExcerptsSource
AGLAGL Energy (AGL.AU) announced a buyback of 291,803 shares worth $A5,841,896 (or $US4,003,644) on November 12, 2019. BuySellSignals
APDAPN Property (APD.AU) announced a buyback of 25,000 shares worth $A13,250 (or $US9,081) on November 12, 2019. BuySellSignals
AZJAurizon Holdings (AZJ.AU) announced a buyback of 128,214 shares worth $A732,102 (or $US501,734) on November 12, 2019. BuySellSignals
BXBBrambles (BXB.AU) announced a buyback of 517,567 shares worth $A6,257,385 (or $US4,288,392) on November 12, 2019. BuySellSignals
HT1HT&E (HT1.AU) announced a buyback of 141,264 shares worth $A233,086 (or $US159,741) on November 12, 2019. BuySellSignals
JHGJanus Henderson Group (JHG.AU) announced a buyback of 10,068 shares worth $A368,489 (or $US252,538) on November 12, 2019. BuySellSignals
PMEPro Medicus (PME.AU) announced a buyback of 3,765 shares worth $A96,309 (or $US66,004) on November 12, 2019. BuySellSignals
S32South32 (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

CodeExcerptsSource
AVZAVZ Minerals has appointed John Clarke as Non-Executive Chairman. The appointment takes effect from Nov 13, 2019.BuySellSignals
IAGInsurance 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

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,4600.19Troy Ounce13.4
Silver16.79-0.27Troy Ounce7.8
Copper2.65-0.64Pound-2.1
Crude oil56.8-0.16Barrel16.1
Natural gas2.63-0.6MMBTU-28.3
Brent crude58.540.36Barrel4.9
Class iii milk20.09-0.45100 Pounds45.3
Corn3771.07100 Bushels0.6
Soyabean oil31.05-1.3100 Pounds12.7


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,806-0.820.1
S&P/ASX 2006,698-0.819.6
Compare with:   
Dow Jones Industrials27,6910.018.7
S&P 5003,0920.223.3
FTSE 1007,3650.59.4
Nikkei 22523,303-0.917.5


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-Year0.85-2.2-97
Australia 5-Year0.909-2-102
Australia 10-Year1.278-2-104
Australia 15-Year1.387-1.7-107


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