Australian Sector Monthly: Market capitalization of the Bank sector falls 6.3%
Friday November 29, 2019


Market capitalization of the Australian Bank sector fell 6.3% or $A26.4 billion to $A393.1 billion in the month of November 2019. During the month amongst the 13 Stocks traded in the Bank sector, 7 (53.8%) declined and 6 (46.2%) advanced.

AUSTRALIAN BANK SECTOR NOVEMBER TRADING SNAPSHOT

StocksNo.%
Declined753.8
Advanced646.2
Total13100


AUSTRALIAN DOLLAR EXCHANGE RATES
During the month, the Australian Dollar rose against the following currencies:

FXClose Nov 29Oct 29Month's Change %YTD change %
AUD/EUR0.6180.61790.01-
AUD/JPY74.728874.71940.01-4.15
AUD/CAD0.91050.89491.75-5.38
AUD/KRW812.1382798.78581.673.5
AUD/SGD0.93430.9340.03-3.03


During the month, the Australian Dollar fell against the following currencies:

FXClose Nov 29Oct 29Month's Change %YTD change %
AUD/USD0.68440.6856-0.17-3.08
AUD/GBP0.52880.5333-0.83-5.03
AUD/CHF0.67920.6819-0.41-2.36
AUD/CNY4.81944.8396-0.42-0.76
AUD/HKD5.35845.3754-0.32-3.13
AUD/NZD1.05141.0768-2.36-0.1
AUD/SEK6.52256.6678-2.182.89
AUD/NOK6.26746.3319-1.022.1

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Genworth Mortgage Insurance Australia (GMA)3.6717.5
Bank of Queensland (BOQ)7.838.3
Westpac Banking (WBC)24.527.1
Bendigo and Adelaide Bank (BEN)10.037
Australia and New Zealand Banking (ANZ)24.846.4

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Bank of Queensland (BOQ)7.839.2
Resimac Group (RMC)1.2110
Bendigo and Adelaide Bank (BEN)10.0311.2
Australia and New Zealand Banking (ANZ)24.8411.2
Mortgage Choice (MOC)1.412.7


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 New 52-week highs
Stocks hitting their new 52-week highs three times or more through the month included:

Company NameLast, AUD52-Wk High, AUDComment
Resimac Group (RMC)1.251.3Seven times in the past month
Australian Finance (AFG)2.842.92Five times in the past month
Genworth Mortgage Insurance Australia (GMA)4.074.12Four times in the past month
Mystate (MYS)4.84.85Three times in the past month


3.2 Top Five on price rises

Company NameLast, AUDPrice ChangeComment
Resimac Group (RMC)1.2127.5c [29.6%]Volume 2.5 times average
Virgin Money UK (VUK)3.3574c [28.4%]Price rise on beating relative strength
Genworth Mortgage Insurance Australia (GMA)3.6729.1c [8.6%]Price/MAP50 above 1 and rising
Auswide Bank (ABA)5.7515c [2.7%]Price rise on rising relative strength
Mystate (MYS)4.7410c [2.2%]Price rise on rising relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 New 52-week low
Stock hitting its new 52-week low twice or more through the month included:

Company NameLast, AUD52-Wk Low, AUDComment
Bank of Queensland (BOQ)7.537.52Twice in the past month


4.2 Bottom Five on price falls

Company NameLast, AUDPrice ChangeComment
Westpac Banking (WBC)24.52$A-3.38 [-12.1%]Price fall on falling relative strength
Bank of Queensland (BOQ)7.83-90.47c [-10.4%]Volume 2.2 times average
National Australia Bank (NAB)25.89$A-2.38 [-8.4%]Price fall on falling relative strength
Australia and New Zealand Banking (ANZ)24.84$A-2.24 [-8.3%]Price fall on slipping relative strength
Bendigo and Adelaide Bank (BEN)10.03-80c [-7.4%]Price fall on falling relative strength


SECTION 5 TOP THREE AND BOTTOM THREE

5.1 Month's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMCap Last $US
Virgin Money UK (VUK)$A3.351.1 B4.8 B
Commonwealth Bank of Australia (CBA)$A80.82637.3 M143.1 B
Resimac Group (RMC)$A1.21111.8 M489.9 M


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
Westpac Banking (WBC)$A24.5212.887.5
National Australia Bank (NAB)$A25.899.374.6
Australia and New Zealand Banking (ANZ)$A24.848.870.4


5.2 Present Value Changes For AUD1,000 invested one month ago
Top three Stocks

Company NameLast, AUDPV$A1000 [1month]
Resimac Group (RMC)1.211,296 
Virgin Money UK (VUK)3.351,284 
Genworth Mortgage Insurance Australia (GMA)3.671,152 


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1month]
Westpac Banking (WBC)24.52905
Bendigo and Adelaide Bank (BEN)10.03926
Bank of Queensland (BOQ)7.83928


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

Company NameLast, AUDPV$A1000 [1year]
Genworth Mortgage Insurance Australia (GMA)3.672,523
Resimac Group (RMC)1.212,409
Australian Finance (AFG)2.492,136


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Bank of Queensland (BOQ)7.83894
Virgin Money UK (VUK)3.35934
Australia and New Zealand Banking (ANZ)24.841,034


SECTION 6 ANNOUNCEMENTS

6.1 Total Shares On Issue

CodeExcerptsSource
BENBendigo and Adelaide Bank (BEN.AU) has announced an increase of 7,815 shares (or 0.002%) in total shares on issue from 492,789,583 to 492,797,398. The effective date is Friday, November 01. BuySellSignals
NABNational Australia Bank (NAB.AU) has announced an increase of 106,798 shares (or 0.004%) in total shares on issue from 2,883,018,637 to 2,883,125,435. The effective date is Friday, November 15. BuySellSignals
WBCWestpac Banking (WBC.AU) has announced an increase of 78,988,941 shares (or 2.3%) in total shares on issue from 3,489,928,773 to 3,568,917,714. The effective date is Friday, November 08. BuySellSignals


6.2 Dividend

CodeExcerptsSource
ANZAustralia and New Zealand Banking today announced a final dividend of 80.0c per share, franked to 70%. The ex dividend date is Monday, November 11, 2019 and the record date is Tuesday, November 12, 2019 and it is payable on Wednesday, December 18. BuySellSignals
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
NABNational Australia Bank today announced a final dividend of 83.0c per share, franked to 100%. The ex dividend date is Thursday, November 14, 2019 and the record date is Friday, November 15, 2019 and it is payable on Thursday, December 12. BuySellSignals
WBCWestpac Banking today announced a final dividend of 80.0c per share, franked to 100%. The ex dividend date is Tuesday, November 12, 2019 and the record date is Wednesday, November 13, 2019 and it is payable on Friday, December 20. BuySellSignals


6.3 Annual General Meeting

CodeExcerptSource
NABNational Australia Bank has announced its Annual General Meeting will take place on Wednesday, December 18. BuySellSignals


6.4 Press releases

CodeHeadlinesSource
ANZANZ NZ reports 2019 full-year resultAustralian Securities Exchange
CBACommonwealth Bank of Australia: September Quarter 2019 Trading UpdateAustralian Securities Exchange
HGHHeartland Bank and Kia Motors New Zealand launch Kia FinanceAustralian Securities Exchange
HGHEvents Calendar: Heartland 2019 AGM webcast and conference callAustralian Securities Exchange
HGHHeartland Australia Group Pty Limited Issues A$ MTNAustralian Securities Exchange
NABNAB 2019 remuneration outcomesAustralian Securities Exchange
VUKVirgin Money UK PLC change of name effective dateAustralian Securities Exchange
WBCWestpac completes $2 billion institutional placementAustralian Securities Exchange
WBCWestpac acknowledges civil proceedings by AUSTRACAustralian Securities Exchange


6.5 Financial Results

CodeHeadlineSource
WBCWestpac 2019 Annual Report on Form 20-FAustralian Securities Exchange


6.6 Substantial Shareholders Buying

CodeExcerptsSource
AFGAustralian Finance (ASX:AFG) substantial shareholder Wilson Asset Management Group bought 2,382,750 shares worth $A6,099,840 ($US4,137,967) on November 25, increasing 22.0% from 10,830,090 shares to 13,212,840 shares. The purchase price was $A2.56. BuySellSignals
AFGMilford Asset Management Limited bought 12,637,233 shares worth $A32,351,316 ($US21,959,750) of Australian Finance (ASX:AFG) on November 25, becoming a substantial shareholder with 12,637,233 shares. The last price was $A2.60. BuySellSignals
BENBendigo and Adelaide Bank (ASX:BEN) substantial shareholder BlackRock Group bought 6,373,398 shares worth $A67,812,955 ($US46,106,435) on November 20, increasing 19.1% from 33,295,067 shares to 39,668,465 shares. The purchase price was $A10.64. BuySellSignals


6.7 Substantial Shareholders Selling

CodeExcerptSource
AFGAustralian Finance (ASX:AFG) substantial shareholder Commonwealth Bank of Australia ACN sold 277,589 shares worth $A702,300 ($US477,501) on November 18, reducing 44.7% from 621,437 shares to 343,848 shares. The selling price was $A2.53. BuySellSignals


6.8 People in Business

CodeExcerptsSource
BOQKaren Penrose was appointed Non-Executive Director of Bank of Queensland (ASX:BOQ) four years ago on November 26, 2015. The shares were up from $A10.5 to $A8.1 and the total annualized return to shareholders (TRS) since appointment is 1.6%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,068, a loss of $A225 and dividend reinvested of $A293.BuySellSignals
GMAMichael Bencsik was appointed CFO of Genworth Mortgage Insurance Australia (ASX:GMA) one year ago on November 20, 2018. The present value of AUD1,000 (PV1000) invested on the appointment date is $A2,478, for a capital gain of $A1,045 and dividend reinvested of $A434. In the same period the shares were up 104.5% from $A1.8 to $A3.7. BuySellSignals
NABPeeyush Gupta was appointed Non-Executive Director of National Australia Bank (ASX:NAB) five years ago on November 05, 2014. The shares were up from $A24.3 to $A27.9 and the total annualized return to shareholders (TRS) since appointment is 11.1%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,694, a gain of $A147 and dividend reinvested of $A547.BuySellSignals
VUKClive Adamson of Virgin Money UK will step down as Independent Non-Executive Director. The effective date is Nov 29, 2019.BuySellSignals
WBCBrian Hartzer of Westpac Banking will step down as CEO. The effective date is Dec 02, 2019.BuySellSignals


SECTION 7 ECONOMIC INDICATORS

7.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Month's Change %Unit% YTD
Gold1,462-2.48Troy Ounce13.6
Silver16.93-5.42Troy Ounce8.7
Copper2.66-0.91Pound-1.7
Crude oil53.19-3.26Barrel8.7
Natural gas2.35-12.67MMBTU-35.9
Brent crude57.97-6.36Barrel3.9
Class iii milk20.41.49100 Pounds47.5
Corn373-4.31100 Bushels-0.4
Soyabean oil29.97-3.26100 Pounds8.8


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

IndicesCloseMonth's Change %% YTD Change
This Market   
All Ordinaries6,8180.619.4
S&P/ASX 2006,7120.718.9
Compare with:   
Dow Jones Industrials27,7831.619.1
S&P 5003,1141.524.2
FTSE 1007,286-0.28.2
HSI26,391-2.62.1
Nikkei 22523,3802.316.8


7.3 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


7.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Month's ChangeYTD Change
Australia 3-Year0.653-16.3-117
Australia 5-Year0.7-15.9-122
Australia 10-Year1.039-13.9-128
Australia 15-Year1.149-14.2-131


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