Australian Daily Newsletter


Daily Newsletter: All Ordinaries Index decreases 51.7 points
Thursday October 17, 2019


The All Ordinaries Index decreased 51.7 points (or 0.8%) to close at 6,792.

Market capitalization of the Australian All Ordinaries Index fell 0.9% or $A18.8 billion to $A2,168.9 billion on Thursday. Amongst the 466 Stocks traded in the All Ordinaries Index today, 250 (51.2%) declined, 164 (33.6%) advanced and 52 (10.7%) were unchanged. 22 (4.5%) were untraded.

ALL ORDINARIES INDEX SUMMARY

CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.4739; AUD1 = 0.6785 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,792
52-Week Range5,533 - 6,928
Total Market Cap$A2,169 billion (USD 1,471.5 billion)
% change YTD18.9
Number of constituents488
Avg. daily turnoverAUD 5 billion (USD 3.4 billion)


TODAY'S TRADING SNAPSHOT

StocksNo.%
Declined25051.2
Advanced16433.6
Unchanged5210.7
Untraded224.5
Total488100

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Coronado Global Resources (CRN)2.4522.3
Whitehaven Coal (WHC)3.1715.8
Regional Express (REX)1.3315
Fortescue Metals (FMG)8.1614
Yancoal Australia (YAL)3.0412.8
WPP AUNZ (WPP)0.5212.2
Stanmore Coal (SMR)1.111.8
Alumina (AWC)2.2811.5
Genworth Mortgage Insurance Australia (GMA)3.7210.7
Rio Tinto (RIO)87.2210.3
ARQ Group (ARQ)0.4510
Evans Dixon (ED1)0.810
Neometals (NMT)0.29.8
BHP Group (BHP)34.869.6
Navigator Global Investments (NGI)2.79.1
Grange Resources (GRR)0.229.1
Southern Cross Media (SXL)0.869
Suncorp Group (SUN)13.638.8
US Masters Residential Property Fund (URF)0.688.8
Zimplats Holdings (ZIM)108.8

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Galaxy Resources (GXY)0.931.7
OM Holdings (OMH)0.411.9
Grange Resources (GRR)0.222.2
Slater & Gordon (SGH)1.022.6
Stanmore Coal (SMR)1.13
Bathurst Resources (BRL)0.093.2
Horizon Oil (HZN)0.133.3
Energy World (EWC)0.093.7
Seven West Media (SWM)0.384.3
Yancoal Australia (YAL)3.044.5
ERM Power (EPW)2.44.8
Jupiter Mines (JMS)0.344.9
Base Resources (BSE)0.244.9
Zimplats Holdings (ZIM)105
Euroz (EZL)1.015.1
New Energy Solar (NEW)1.245.2
Fortescue Metals (FMG)8.165.4
Collection House (CLH)1.225.5
Unibail-Rodamco-Westfield (URW)11.065.8
Whitehaven Coal (WHC)3.175.9


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 New 52-week highs
Stocks hitting their new 52-week highs through the day included:

Company NameLast, AUD52-Wk High, AUD
Aristocrat Leisure (ALL)31.7931.99
SEEK (SEK)22.0322.22
Downer EDI (DOW)8.218.22
Cromwell Property (CMW)1.31.31
BWP Trust (BWP)4.34.31
Genworth Mortgage Insurance Australia (GMA)3.723.75
Lovisa Holdings (LOV)13.6313.73
Avita Medical (AVH)0.670.69
Ingenia Communities (INA)4.24.31
ARENA (ARF)2.932.98
Data3 (DTL)3.53.56
Mystate (MYS)4.694.69
Objective (OCL)4.554.55


3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Avita Medical (AVH)0.678c [13.6%]Volume 2.4 times average
Apollo Tourism & Leisure (ATL)0.556.5c [13.4%]Price rise on beating relative strength
IOOF Holdings (IFL)7.0569c [10.8%]Volume 2.9 times average
Tungsten Mining (TGN)0.222c [10.0%]Price rise on beating relative strength
Eclipx Group (ECX)1.713.5c [8.6%]Rises for a second consecutive day
Australian Mines (AUZ)0.030.2c [8.0%] 
Praemium (PPS)0.564c [7.7%]Price rise on beating relative strength
Metro Mining (MMI)0.141c [7.7%]Price rise on beating relative strength
Iselect (ISU)0.593.5c [6.2%] 
Navigator Global Investments (NGI)2.715c [5.9%]Oversold: close to 14-day low
Australian Vintage (AVG)0.543c [5.9%]Price rise on beating relative strength
Highfield Resources (HFR)0.733.5c [5.0%]Price rise on rising relative strength
Challenger (CGF)7.5536c [5.0%]Price/PMAP200 above 1 and rising
Freelancer (FLN)0.773.5c [4.8%]Price rise on rising relative strength
Kogan.com (KGN)6.8631c [4.7%]Price rise on rising relative strength
Coronado Global Resources (CRN)2.4511c [4.7%]Price rise on rising relative strength
Village Roadshow (VRL)2.9613c [4.6%]Price rise on beating relative strength
Paragon Care (PGC)0.462c [4.5%]Price rise on rising relative strength
Wameja (WJA)0.120.5c [4.3%]Price rise on beating relative strength
Ingenia Communities (INA)4.216.26c [4.0%]Price/PMAP200 above 1 and rising


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 New 52-week lows
Stocks hitting their new 52-week lows through the day included:

Company NameLast, AUD52-Wk Low, AUD
Inghams Group (ING)2.92.89
Southern Cross Media (SXL)0.860.84
Midway (MWY)2.352.35
Clean TeQ (CLQ)0.270.26
GTN (GTN)0.720.72
Bathurst Resources (BRL)0.090.09
Slater & Gordon (SGH)1.021.02
AusCann Group Holdings (AC8)0.270.27
Heron Resources (HRR)0.170.17


4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Pantoro (PNR)0.15-2.5c [-13.9%]Volume 5.4 times average
Wisetech Global (WTC)30$A-3.40 [-10.2%]Price fall on falling relative strength
Phoslock Environmental Technologies (PET)0.98-11c [-10.1%]Volume 6.6 times average
Northern Star Resources (NST)10.25-89c [-8.0%]Volume 2.9 times average
Aurelia Metals (AMI)0.42-3.5c [-7.7%]Price fall on slipping relative strength
Polynovo (PNV)2.41-17c [-6.6%]Price fall on falling relative strength
Zimplats Holdings (ZIM)10-67c [-6.3%]Price fall on slipping relative strength
Altura Mining (AJM)0.06-0.4c [-6.2%]Volume 1.8 times average
Helios Energy (HE8)0.23-1.5c [-6.2%]Price fall on falling relative strength
IMF Bentham (IMF)3.5-22.41c [-6.0%] 
Stanmore Coal (SMR)1.1-7c [-6.0%]Volume 2.1 times average
Champion Iron (CIA)2.07-13c [-5.9%]Volume 2.6 times average
GTN (GTN)0.72-4.5c [-5.8%]Price fall on slipping relative strength
Afterpay Touch Group (APT)31.98$A-1.94 [-5.7%]Volume 2.6 times average
Amaysim Australia (AYS)0.34-2c [-5.6%]Price/MAP200 below 1 and falling
Heron Resources (HRR)0.17-1c [-5.6%]Volume 8.1 times average
Nick Scali (NCK)6.25-35c [-5.3%]Volume 2.6 times average
Macmahon Holdings (MAH)0.18-1c [-5.3%]Price fall on slipping relative strength
FBR (FBR)0.06-0.3c [-4.8%]Price fall on falling relative strength
Shine Corporate (SHJ)0.81-4c [-4.7%]Price fall on slipping relative strength


SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Cedar Woods Properties(CWP)6.78Bullish Engulfing
PWR Holdings(PWH)4.85Bullish Engulfing
Monash IVF(MVF)1.03Bullish Kicker
Seven West Media(SWM)0.38Bullish Kicker
Nufarm(NUF)6.58Bullish Harami


* A bullish engulfing pattern occurs when a small red candlestick of falling prices is followed the next day by a larger green engulfing candlestick pattern of rising prices.
* A Bullish Kicker Chart pattern is usually based on sudden surprise news or at a possible support level and is indicative of an oversold scenario.
* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
APN Convenience Retail REIT(AQR)3.42Bearish Engulfing
ASX(ASX)82.08Bearish Engulfing
Dicker Data(DDR)7.54Bearish Engulfing
Elmo Software(ELO)6.38Bearish Engulfing
Spark Infrastructure(SKI)2.12Bearish Engulfing
Sydney Airport(SYD)8.44Bearish Engulfing
Aventus Retail Property Fund(AVN)2.75Dark Cloud
GPT Group(GPT)6.19Dark Cloud
SmartGroup(SIQ)12.1Dark Cloud
Tabcorp Holdings(TAH)4.9Dark Cloud
Transurban Group(TCL)14.73Dark Cloud
Comet Ridge(COI)0.26Bearish Kicker
Scentre Group(SCG)3.87Bearish Kicker


* A bearish engulfing pattern is a candlestick chart pattern when a small green candlestick of rising prices is followed the next day by a larger red engulfing candlestick pattern of falling prices
* A Dark Cloud chart pattern is an uptrend session followed by a candlestick reversal pattern in the second session. This is indicative of an outlook of potential short-term weakness in the price.
* A Bearish Kicker Chart pattern is formed at the end of an uptrend, when it encounters resistance in an overbought area.

SECTION 7 TOP THREE AND BOTTOM THREE

7.1 Today's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMMCap Last $USB
IOOF Holdings (IFL)$A7.05242.22.5
CIMIC Group (CIM)$A32.86223.410.6
Challenger (CGF)$A7.55220.34.6


Bottom three Stocks

Company NameLast, AUDMCap fall $USBMCap Last $USB
BHP Group (BHP)$A34.866.1180.6
Wisetech Global (WTC)$A301.19.5
Fortescue Metals (FMG)$A8.161.125.2


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

Company NameLast, AUDPV$A1000 [1week]
Praemium (PPS)0.561,273
Highfield Resources (HFR)0.731,259
Motorcycle Holdings (MTO)2.341,232


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Southern Cross Media (SXL)0.86752
Phoslock Environmental Technologies (PET)0.98787
AusCann Group Holdings (AC8)0.27818


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

Company NameLast, AUDPV$A1000 [1year]
Polynovo (PNV)2.414,085
Jumbo Interactive (JIN)27.453,879
Paradigm Biopharmaceuticals (PAR)2.73,478


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
OM Holdings (OMH)0.41253
Speedcast International (SDA)1.01260
Syrah Resources (SYR)0.44266


SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,168.9 billionIn Top 5%
Today's Trading Turnover$A6.7 billionIn Top 5%
Annual Revenue$A918.3 billionIn Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 30 Sep)

In the past 4 years, the All Ordinaries Index has jumped 34.4% from 5,059 to 6,801; an average annual compound rise of 7.7%.

 20192018201720162015
Index 30 Sep6,8016,3265,7455,5255,059
Index Change (%)7.510.149.2-4.5
Avg Daily Turnover ($A Billion)54.34.44.23.7


SECTION 10 ANNOUNCEMENTS

10.1 Total Shares On Issue

CodeExcerptSource
PSIPSC Insurance Group (PSI.AU) has announced an increase of 316,238 shares (or 0.1%) in total shares on issue from 270,729,714 to 271,045,952. The effective date is Wednesday, October 16. BuySellSignals


10.2 Dividend

CodeExcerptsSource
IMDImdex today announced a special dividend of 2.0c per share, franked to 100%. The ex dividend date is Thursday, October 17, 2019 and the record date is Friday, October 18, 2019 and it is payable on Friday, November 01. BuySellSignals
VLWVilla World today announced a special dividend of 31.0c per share, franked to 100%. The ex dividend date is Thursday, October 17, 2019 and the record date is Friday, October 18, 2019 and it is payable on Monday, October 28. BuySellSignals


10.3 Annual General Meeting

CodeExcerptsSource
APDAPN Property has announced its Annual General Meeting will take place on Wednesday, November 20. BuySellSignals
BOQBank of Queensland has announced its Annual General Meeting will take place on Tuesday, December 08, 2020. BuySellSignals
CCXCity Chic Collective has announced its Annual General Meeting will take place on Thursday, November 21. BuySellSignals
MRMMMA Offshore has announced its Annual General Meeting will take place on Thursday, November 21. BuySellSignals


10.4 Press releases

CodeHeadlinesSource
CIPCenturia Diversified Property Fund expands portfolio with third direct purchase of $65.4m Brisbane officeCompany Website
CIPCore Property Awards Centuria Capital Group: Listed Property Fund Manager of the Year 2019Company Website
CMACore Property Awards Centuria Capital Group: Listed Property Fund Manager of the Year 2019Company Website
CMACenturia Diversified Property Fund expands portfolio with third direct purchase of $65.4m Brisbane officeCompany Website
JMSJupiter Mines: Release of Securities from EscrowCompany Website
XROXero and GreatSoft chosen as preferred software solution by RSM, an Australian top 10 accounting firmCompany Website


10.5 Buyback of Shares

CodeExcerptsSource
AGLAGL Energy (AGL.AU) announced a buyback of 236,584 shares worth $A4,601,559 (or $US3,099,679) on October 16, 2019. BuySellSignals
ANNAnsell (ANN.AU) announced a buyback of 8,686 shares worth $A240,950 (or $US162,307) on October 16, 2019. BuySellSignals
AZJAurizon Holdings (AZJ.AU) announced a buyback of 892,346 shares worth $A5,327,306 (or $US3,588,553) on October 16, 2019. BuySellSignals
BSLBlueScope Steel (BSL.AU) announced a buyback of 250,000 shares worth $A3,077,500 (or $US2,073,050) on October 16, 2019. BuySellSignals
BXBBrambles (BXB.AU) announced a buyback of 833,911 shares worth $A9,723,402 (or $US6,549,830) on October 16, 2019. BuySellSignals
HT1HT&E (HT1.AU) announced a buyback of 100,164 shares worth $A167,775 (or $US113,016) on October 16, 2019. BuySellSignals


10.6 People in Business

CodeExcerptSource
RFFStuart Waight has resigned from Rural Funds as Joint Company Secretary. The resignation takes effect from Oct 17, 2019.BuySellSignals


SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,4950.63Troy Ounce16.2
Silver17.43-0.14Troy Ounce11.9
Copper2.59-0.98Pound-4.3
Crude oil53.140.11Barrel8.6
Natural gas2.49-1.58MMBTU-32
Brent crude59.10.27Barrel5.9
Class iii milk18.620.05100 Pounds34.6
Corn392-0.41100 Bushels4.4
Soyabean oil30.540.59100 Pounds10.9


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

IndicesClose% Change% YTD Change
This Market   
All Ordinaries6,792-0.819.9
S&P/ASX 2006,685-0.819.3
Compare with:   
FTSE 1007,168-0.66.4
Dow Jones Industrials27,002-0.0815.8
S&P 5002,990-0.219.3
Nikkei 22522,5040.18.9
HSI26,8570.73.2


11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,432
GDP growth yoy (%)1.4
Interest rate (%)0.75
Inflation rate (%)1.6
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


11.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.7071.4-111
Australia 5-Year0.7441.3-118
Australia 10-Year1.0542.4-126
Australia 15-Year1.172.6-129


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