Australian Sector Weekly: Market capitalization of the Bank sector falls 3.0%
Friday July 10, 2020


In the past week market capitalization of the Australian Bank sector fell 3.0% or AUD9.6 billion to AUD311.2 billion. During the week amongst the 13 Stocks traded in the Bank sector, 11 (84.6%) declined and 2 (15.4%) advanced.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Declined1184.6
Advanced215.4
Total13100


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

FXClose Jul 10Jul 06Week's Change %YTD change %
AUD/USD0.6930.6972--1.1
AUD/CAD0.94370.9430.43.22
AUD/HKD5.37085.4028--1.54
AUD/KRW834.9842833.55310.353.06
AUD/MXN15.802415.49731.5619.14


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

FXClose Jul 10Jul 06Week's Change %YTD change %
AUD/EUR0.61490.6175-0.3-1.65
AUD/JPY74.074475.0786-0.56-2.75
AUD/GBP0.55080.5578-0.923.1
AUD/CHF0.65280.6574-0.41-3.74
AUD/CNY4.85684.9104-0.81-0.67
AUD/NZD1.05731.0631-0.561.56
AUD/SEK6.41876.4632-0.62-2.04
AUD/SGD0.96640.9703-0.042.38
AUD/NOK6.59976.5686-0.136.85

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Bendigo and Adelaide Bank (BEN)6.869.6
Mortgage Choice (MOC)0.738.2
Auswide Bank (ABA)4.787.4
Mystate (MYS)4.057.1
Australian Finance (AFG)1.627

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Mortgage Choice (MOC)0.736.7
Genworth Mortgage Insurance Australia (GMA)1.976.9
Bank of Queensland (BOQ)6.118.3
Resimac Group (RMC)1.048.7
Australia and New Zealand Banking (ANZ)18.38.7


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Two on price rises

Company NameLast, AUDPrice ChangeComment
Mortgage Choice (MOC)0.733.5c [5.0%]Rises for a second consecutive day
Mystate (MYS)4.055c [1.2%]Price rise on rising relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Five on price falls

Company NameLast, AUDPrice ChangeComment
Resimac Group (RMC)1.04-9c [-8.0%]Price fall on slipping relative strength
Genworth Mortgage Insurance Australia (GMA)1.97-11.5c [-5.5%]Price/MAP50 below 1 and falling
Westpac Banking (WBC)17.66-88c [-4.7%]Price fall on slipping relative strength
National Australia Bank (NAB)17.86-88c [-4.7%]Price fall on slipping relative strength
Australia and New Zealand Banking (ANZ)18.3-89c [-4.6%]Price fall on slipping relative strength


SECTION 5 TOP THREE AND BOTTOM THREE

5.1 Week's MCap changes of Heavyweights
Top Stocks

Company NameLast, AUDMCap rise $USMMCap Last $USM
Mystate (MYS)AUD4.054.6372.6
Mortgage Choice (MOC)74c4.491.9


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
Westpac Banking (WBC)AUD17.663.263.8
National Australia Bank (NAB)AUD17.862.858.8
Australia and New Zealand Banking (ANZ)AUD18.32.551.9


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

Company NameLast, AUDPVAUD1000 [1week]
Mortgage Choice (MOC)0.731,050
Mystate (MYS)4.051,012
Bank of Queensland (BOQ)6.11987


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1week]
Resimac Group (RMC)1.04920
Genworth Mortgage Insurance Australia (GMA)1.97945
Westpac Banking (WBC)17.66953


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

Company NameLast, AUDPVAUD1000 [1year]
Resimac Group (RMC)1.041,683
Australian Finance (AFG)1.621,086
Auswide Bank (ABA)4.781,028


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1year]
Virgin Money UK (VUK)1.66464
Westpac Banking (WBC)17.66672
Bendigo and Adelaide Bank (BEN)6.86695

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector falls in four out of last five days0.1 
ThursdayBank sector rises 9.9 points (0.2%)-0.5Top Rise
WednesdayBank sector falls in four out of last five days-0Steepest Fall
TuesdayBank sector slumps 63.1 points or 1.1% to 5,783.1 on high volatility -1.1 
MondayBank sector weakens below Moving Average (MA), with 50-day MA trailing its 200-day MA0.3 


SECTION 7 ANNOUNCEMENTS

7.1 Total Shares On Issue

CodeExcerptSource
NABNational Australia Bank (NAB.AU) has announced an increase of 5,255,569 shares (or 0.2%) in total shares on issue from 3,284,605,566 to 3,289,861,135. The effective date is Friday, July 03. BuySellSignals


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,8044.76Troy Ounce19.3
Silver18.966.56Troy Ounce5.8
Copper2.849.22Pound-0.6
Crude oil39.621.75Barrel-30.8
Natural gas1.780.68MMBTU-22.2
Class iii milk24.1817.66100 Pounds25.2
Corn3527.46100 Bushels-9.2
Soybean oil28.24-0.18100 Pounds-18.2
Soybean9014.33100 Bushels-4.5


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

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries6,036-2.1-10.69
S&P/ASX 2005,919-2.3-10.9
Compare with:   
HSI25,7601.5-7.02
Nikkei 22522,4770.8-4.4
FTSE 1006,050-3.1-19.79
Dow Jones Industrials25,706-0.5-9.92
S&P 5003,1520.7-2.44


8.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)1.4
Interest rate (%)0.25
Inflation rate (%)2.2
Public debt (USD) (billion)400.9
Public debt per person (USD)16,819
Total annual debt change (%)0.5
Debt to GDP ratio (%)45.1
Budget Deficit to GDP(%)0.2
Current account Surplus to GDP(%)0.2
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-Year0.254-.8-65
Australia 5-Year0.398-.3-59
Australia 10-Year0.89-4.3-48
Australia 15-Year1.212-6-27


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