Australian Sector Weekly: Market capitalization of the Bank sector rises 1.7%
Friday January 17, 2020


In the past week market capitalization of the Australian Bank sector rose 1.7% or $A6.9 billion to $A403.8 billion. During the week amongst the 13 Stocks traded in the Bank sector, 11 (78.6%) advanced and 2 (14.3%) declined. 1 (7.1%) was untraded.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Advanced1178.6
Declined214.3
Untraded17.1
Total14100


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

FXClose Jan 17Jan 10Week's Change %YTD change %
AUD/USD0.68980.68790.27-1.56
AUD/EUR0.61940.61920.02-0.94
AUD/JPY76.012675.37740.84-0.21
AUD/GBP0.52750.52580.33-1.25
AUD/CAD0.90020.89850.19-1.53
AUD/HKD5.36055.34210.34-1.73
AUD/SEK6.54756.52390.36-0.07
AUD/KRW799.655797.93410.22-1.3
AUD/SGD0.92870.92850.02-1.61
AUD/NOK6.13166.10450.44-0.73


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

FXClose Jan 17Jan 10Week's Change %YTD change %
AUD/CHF0.66570.6693-0.54-1.84
AUD/CNY4.73814.7752-0.78-3.09
AUD/NZD1.03831.0388-0.05-0.27
AUD/MXN12.945712.9465--2.4

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Genworth Mortgage Insurance Australia (GMA)3.7817
Bank of Queensland (BOQ)7.398.8
Westpac Banking (WBC)24.987
Bendigo and Adelaide Bank (BEN)10.186.9
National Australia Bank (NAB)25.466.5

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Bank of Queensland (BOQ)7.398.6
Mortgage Choice (MOC)1.311.8
Australia and New Zealand Banking (ANZ)25.4212.1
National Australia Bank (NAB)25.4612.7
Resimac Group (RMC)1.5312.8


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Five on price rises

Company NameLast, AUDPrice ChangeComment
Mortgage Choice (MOC)1.35c [4.0%]Price rise on rising relative strength
Resimac Group (RMC)1.534.5c [3.0%]Volume 2.9 times average
Mystate (MYS)5.313c [2.5%]Price/MAP50 above 1 and rising
Genworth Mortgage Insurance Australia (GMA)3.788c [2.2%]Price/MAP50 above 1 and rising
National Australia Bank (NAB)25.4653c [2.1%]Rises for a fourth consecutive day


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Two on price falls

Company NameLast, AUDPrice ChangeComment
Virgin Money UK (VUK)3.29-22c [-6.3%]Price fall on slipping relative strength
Australian Finance (AFG)2.72-14c [-4.9%]Price fall on falling relative strength


SECTION 5 TOP THREE AND BOTTOM THREE

5.1 Week's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USBMCap Last $USB
Commonwealth Bank of Australia (CBA)$A84.052.7148.8
National Australia Bank (NAB)$A25.461.675
Westpac Banking (WBC)$A24.981.290.2


Bottom Stocks

Company NameLast, AUDMCap fall $USMMCap Last $US
Virgin Money UK (VUK)$A3.29314.34.7 B
Australian Finance (AFG)$A2.7230.2586.3


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

Company NameLast, AUDPV$A1000 [1week]
Mortgage Choice (MOC)1.31,040
Resimac Group (RMC)1.531,030
Mystate (MYS)5.31,025


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Virgin Money UK (VUK)3.29937
Australian Finance (AFG)2.72951
Auswide Bank (ABA)5.941,002


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

Company NameLast, AUDPV$A1000 [1year]
Resimac Group (RMC)1.533,058
Genworth Mortgage Insurance Australia (GMA)3.782,552
Australian Finance (AFG)2.722,444


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Bank of Queensland (BOQ)7.39821
Virgin Money UK (VUK)3.29999
Bendigo and Adelaide Bank (BEN)10.181,048

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector hits two-month high, closes 0.04% down to 7,357.2 -0.3 
ThursdayBank sector hits two-month high, rises 58.6 points or 0.8% to 7,360.4 0.2Top Rise
WednesdayBank sector hits two-month high, rises 31.5 points or 0.4% to 7,301.7 -0.1 
TuesdayBank sector hits two-month high, rises 39.5 points or 0.6% to 7,270.3 -0.3 
MondayBank sector drops 13.9 points (0.2%)0.1Steepest Fall


SECTION 7 ANNOUNCEMENTS

7.1 Press releases

CodeHeadlinesSource
BENBendigo and Adelaide Bank: Interim results announcement detailsAustralian Securities Exchange
HGHHeartland Group 2020 interim results announcement dateAustralian Securities Exchange


7.2 Financial Results

CodeHeadlineSource
GMAGenworth Mortgage Insurance Australia: FY19 Earnings Release DateAustralian Securities Exchange


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,5575.6Troy Ounce3
Silver18.327.86Troy Ounce2.2
Copper2.871.61Pound0.4
Crude oil55.26-1.51Barrel-4.2
Natural gas2.11-10.45MMBTU-7.8
Brent crude60.04-0.92Barrel-3.9
Class iii milk16.96-12.53100 Pounds-12.1
Corn387-0.05100 Bushels-0.3
Soyabean oil33.6-0.83100 Pounds-4.4


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

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries7,1802.05.2
S&P/ASX 2007,0641.95.3
Compare with:   
HSI28,8700.82.5
Nikkei 22524,0500.81.2
FTSE 1007,6210.31.1
Dow Jones Industrials29,2981.22.7
S&P 5003,3171.32.7


8.3 Macro Economic Indicators: Australia

IndicatorValue
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


8.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year0.7581.1-14
Australia 5-Year0.832.7-16
Australia 10-Year1.176-1-20
Australia 15-Year1.283-1.4-20


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