Australian Sector Weekly: Market capitalization of the Bank sector rises 7.1%
Friday March 27, 2020


In the past week market capitalization of the Australian Bank sector rose 7.1% or $A16.9 billion to $A254 billion. During the week amongst the 13 Stocks traded in the Bank sector, 10 (76.9%) declined and 3 (23.1%) advanced.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Declined1076.9
Advanced323.1
Total13100


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

FXClose Mar 27Mar 20Week's Change %YTD change %
AUD/USD0.61240.58484.71-12.6
AUD/EUR0.55310.54411.65-11.54
AUD/JPY66.396764.36263.16-12.83
AUD/CAD0.85680.8421.76-6.27
AUD/CHF0.58790.5732.6-13.31
AUD/CNY4.33084.14274.54-11.43
AUD/HKD4.74684.53714.62-12.98
AUD/NZD1.02321.01680.63-1.72
AUD/SEK6.05976.04450.25-7.52
AUD/KRW740.813730.30431.44-8.56
AUD/SGD0.87270.84693.05-7.54
AUD/MXN14.17913.86372.276.9


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

FXClose Mar 27Mar 20Week's Change %YTD change %
AUD/GBP0.49910.5018-0.54-6.58
AUD/NOK6.39196.5379-2.233.48

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Mortgage Choice (MOC)0.5815.5
Bank of Queensland (BOQ)4.7813.6
Westpac Banking (WBC)14.8911.7
Bendigo and Adelaide Bank (BEN)611
National Australia Bank (NAB)15.1211

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Resimac Group (RMC)0.554.5
Mortgage Choice (MOC)0.585.3
Genworth Mortgage Insurance Australia (GMA)1.685.9
Bank of Queensland (BOQ)4.786.5
Australia and New Zealand Banking (ANZ)15.477.4


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Three on price rises

Company NameLast, AUDPrice ChangeComment
Resimac Group (RMC)0.557c [14.7%]Volume 3.3 times average
Australian Finance (AFG)1.3211.5c [9.5%]Volume 3.4 times average
Genworth Mortgage Insurance Australia (GMA)1.686.5c [4.0%]Volume 2.2 times average


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Five on price falls

Company NameLast, AUDPrice ChangeComment
Bank of Queensland (BOQ)4.78-78c [-14.0%]Volume 2.2 times average
Virgin Money UK (VUK)1.31-13c [-9.0%]Price fall on falling relative strength
Bendigo and Adelaide Bank (BEN)6-45c [-7.0%]Volume 2.5 times average
Mystate (MYS)3.4-22c [-6.1%]Volume 2.8 times average
Westpac Banking (WBC)14.89-88c [-5.6%]Volume 2.5 times average


SECTION 5 TOP THREE AND BOTTOM THREE

5.1 Week's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMMCap Last $USM
Resimac Group (RMC)55c28.5221.6
Genworth Mortgage Insurance Australia (GMA)$A1.6827.3705.5
Australian Finance (AFG)$A1.3224.8284.5


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
Commonwealth Bank of Australia (CBA)$A57.664102.1
Westpac Banking (WBC)$A14.893.253.8
National Australia Bank (NAB)$A15.121.644.6


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

Company NameLast, AUDPV$A1000 [1week]
Resimac Group (RMC)0.551,147
Australian Finance (AFG)1.321,095
Genworth Mortgage Insurance Australia (GMA)1.681,040


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Bank of Queensland (BOQ)4.78860
Virgin Money UK (VUK)1.31910
Bendigo and Adelaide Bank (BEN)6930


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

Company NameLast, AUDPV$A1000 [1year]
Australian Finance (AFG)1.321,153
Resimac Group (RMC)0.551,082
Genworth Mortgage Insurance Australia (GMA)1.68980


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Virgin Money UK (VUK)1.31361
Bank of Queensland (BOQ)4.78607
Westpac Banking (WBC)14.89654

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector crashes 332.7 points or 6.7% to 4,628.1 on high volatility -1.6 
ThursdayBank sector rises 0.6% on high volume -1.9 
WednesdayBank sector in 3rd largest rise of the year, soars 435.0 points or 9.7% to 4,929.7 4.4Top Rise
TuesdayBank sector in 4th largest rise of the year, jumps 174.7 points or 4.0% to 4,494.8 -0.1 
MondayBank sector crashes 508.9 points or 10.5% to 4,320.1 on strong volume -4.6Steepest Fall


SECTION 7 ANNOUNCEMENTS

7.1 Annual General Meeting

CodeExcerptSource
GMAGenworth Mortgage Insurance Australia has announced its Annual General Meeting will take place on Thursday, May 07. BuySellSignals


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,6580.6Troy Ounce9.7
Silver14.64-20.47Troy Ounce-18.3
Copper2.22-13.66Pound-22.3
Crude oil33.26-32.14Barrel-41.9
Natural gas1.65-9.99MMBTU-27.9
Brent crude38.24-27.98Barrel-38.3
Class iii milk16.23-4.59100 Pounds-16
Corn349-5.78100 Bushels-10
Soyabean oil26.42-9.15100 Pounds-23.5


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

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries4,8740.4-24.51
S&P/ASX 2004,8420.5-23.5
Compare with:   
HSI23,4973.0-17.16
Nikkei 22518,89514.2-21.1
FTSE 1005,81612.9-22.89
Dow Jones Industrials22,55212.3-20.98
S&P 5002,6309.2-18.59


8.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)2.2
Interest rate (%)0.5
Inflation rate (%)1.8
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


8.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year0.317-18.9-59
Australia 5-Year0.463-19.8-53
Australia 10-Year0.935-37.5-44
Australia 15-Year1.417-27.8-6


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