Australian Sector Weekly: Market capitalization of the Bank sector rises 0.8%
Friday December 13, 2019


In the past week market capitalization of the Australian Bank sector rose 0.8% or $A3 billion to $A390.2 billion. During the week amongst the 13 Stocks traded in the Bank sector, 9 (69.2%) advanced, 3 (23.1%) declined and 1 (7.7%) was unchanged.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Advanced969.2
Declined323.1
Unchanged17.7
Total13100


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

FXClose Dec 13Dec 06Week's Change %YTD change %
AUD/USD0.69220.6841.2-1.97
AUD/EUR0.61950.61590.580.24
AUD/JPY75.84374.33282.03-2.72
AUD/CAD0.91130.90181.06-5.29
AUD/CHF0.6820.67521.01-1.95
AUD/CNY4.82624.820.13-0.62
AUD/HKD5.40195.35510.87-2.34
AUD/NZD1.04581.04320.25-0.63
AUD/SGD0.93580.93090.53-2.87
AUD/NOK6.25336.24880.071.87


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

FXClose Dec 13Dec 06Week's Change %YTD change %
AUD/GBP0.51380.5199-1.19-7.73
AUD/SEK6.46766.4929-0.392.02
AUD/KRW810.8933814.8967-0.493.35
AUD/MXN13.167313.2428-0.57-

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Genworth Mortgage Insurance Australia (GMA)3.717.3
Bank of Queensland (BOQ)7.368.8
Westpac Banking (WBC)24.487.1
Bendigo and Adelaide Bank (BEN)9.877.1
National Australia Bank (NAB)25.156.6

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Bank of Queensland (BOQ)7.368.6
Resimac Group (RMC)1.189.8
Bendigo and Adelaide Bank (BEN)9.8711
Australia and New Zealand Banking (ANZ)24.7111.2
Mortgage Choice (MOC)1.2711.6


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Five on price rises

Company NameLast, AUDPrice ChangeComment
Virgin Money UK (VUK)3.7742c [12.5%]Price/PMAP200 above 1 and rising
Australian Finance (AFG)2.5617c [7.1%]Price/PMAP200 above 1 and rising
Genworth Mortgage Insurance Australia (GMA)3.77c [1.9%]Price/MAP50 above 1 and rising
Commonwealth Bank of Australia (CBA)80.06$A1.07 [1.4%]Price rise on rising relative strength
Mystate (MYS)4.846c [1.3%]Price rise on beating relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Three on price falls

Company NameLast, AUDPrice ChangeComment
Mortgage Choice (MOC)1.27-2c [-1.6%]Price fall on slipping relative strength
National Australia Bank (NAB)25.15-26c [-1.0%]Price fall on falling relative strength
Bank of Queensland (BOQ)7.36-4c [-0.5%]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 $USMCap Last $USB
Commonwealth Bank of Australia (CBA)$A80.061.9 B141.7
Westpac Banking (WBC)$A24.481.5 B88.1
Virgin Money UK (VUK)$A3.77600 M5.4


Bottom three Stocks

Company NameLast, AUDMCap fall $USMMCap Last $US
National Australia Bank (NAB)$A25.15723.472.5 B
Bank of Queensland (BOQ)$A7.3617.73.3 B
Mortgage Choice (MOC)$A1.272.5158.7


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

Company NameLast, AUDPV$A1000 [1week]
Virgin Money UK (VUK)3.771,125
Australian Finance (AFG)2.561,071
Genworth Mortgage Insurance Australia (GMA)3.71,019


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Mortgage Choice (MOC)1.27984
National Australia Bank (NAB)25.15990
Bank of Queensland (BOQ)7.36995


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

Company NameLast, AUDPV$A1000 [1year]
Resimac Group (RMC)1.182,654
Australian Finance (AFG)2.562,337
Genworth Mortgage Insurance Australia (GMA)3.72,300


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Bank of Queensland (BOQ)7.36887
Bendigo and Adelaide Bank (BEN)9.871,090
Australia and New Zealand Banking (ANZ)24.711,095

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector rises 91.8 points or 1.3% to 7,110.3 on high volatility 0.8Top Rise
ThursdayBank sector slumps 73.7 points (1.0%)-0.4Steepest Fall
WednesdayBank sector rises 72.6 points (1.0%)0.4 
TuesdayBank sector slumps 36.3 points or 0.5% to 7,019.6 on high volatility -0.2 
MondayBank sector rises 13.5 points (0.2%)-0.1 


SECTION 7 ANNOUNCEMENTS

7.1 Total Shares On Issue

CodeExcerptsSource
BENBendigo and Adelaide Bank (BEN.AU) has announced an increase of 14,434 shares (or 0.003%) in total shares on issue from 492,797,398 to 492,811,832. The effective date is Monday, December 02. BuySellSignals
NABNational Australia Bank (NAB.AU) has announced an increase of 1,040,985 shares (or 0.04%) in total shares on issue from 2,883,130,667 to 2,884,171,652. The effective date is Wednesday, December 11. BuySellSignals
WBCWestpac Banking (WBC.AU) has announced an increase of 31,930,920 shares (or 0.9%) in total shares on issue from 3,568,917,714 to 3,600,848,634. The effective date is Wednesday, December 11. BuySellSignals


7.2 Press releases

CodeHeadlineSource
MYSMyState Launches New Managed Fund PlatformAustralian Securities Exchange


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,4640.28Troy Ounce13.8
Silver16.880.54Troy Ounce8.4
Copper2.826.54Pound4.3
Crude oil55.52-2.25Barrel13.5
Natural gas2.34-10.92MMBTU-36.1
Brent crude59.571.76Barrel6.7
Class iii milk19.43-3.29100 Pounds40.5
Corn368-2.33100 Bushels-1.8
Soyabean oil31.952.9100 Pounds16


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

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries6,8450.519.3
S&P/ASX 2006,7400.518.8
Compare with:   
Dow Jones Industrials28,1321.620.6
S&P 5003,1691.626.4
HSI27,5303.94.4
Nikkei 22523,9952.717
FTSE 1007,2731.98


8.3 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


8.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year0.7282.9-109
Australia 5-Year0.7844.3-114
Australia 10-Year1.1787.2-114
Australia 15-Year1.2847.1-117


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