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Daily Newsletter: All Ordinaries Index increases 0.5%
Tuesday July 23, 2019

The All Ordinaries Index increased 31.3 points (or 0.5%) to close at 6,812. Market capitalization of the All Ordinaries Index rose 0.5% or $A9.8 billion to $A2,197.7 billion on Tuesday. Amongst the 480 Stocks traded in the All Ordinaries Index today, 255 (51.7%) advanced, 156 (31.6%) declined and 69 were (14%) unchanged. 13 (2.6%) were untraded.ALL ORDINARIES INDEX SUMMARY
CurrencyAustralian Dollar (AUD) USD1 = AUD1.4
Exchange NameAustralian Securities Exchange (ASX)
Last6,812
52-Week Range5,533 - 6,832
Total Market Cap$A2,198 billion (USD 1,543 billion)
% change YTD19.3
Number of constituents493
Avg. daily turnoverAUD 4.8 billion (USD 3.3 billion)
TODAY'S TRADING SNAPSHOT
StocksNo.%
Advanced25551.7
Declined15631.6
Unchanged6914
Untraded132.6
Total493100

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Jupiter Mines (JMS)0.3720.3
GTN (GTN)0.8615.5
Zimplats Holdings (ZIM)7.7914
Evans Dixon (ED1)0.813.8
Alumina (AWC)2.3213.6
Whitehaven Coal (WHC)3.8112.3
Coronado Global Resources (CRN)3.5812.1
Fortescue Metals (FMG)8.7811.6
SKY Network Television (SKT)1.2211.5
ARQ Group (ARQ)0.7111.3
Apollo Tourism & Leisure (ATL)0.4610.9
Mortgage Choice (MOC)1.1610.3
Neometals (NMT)0.210.3
Michael Hill International (MHJ)0.4910.1
Adairs (ADH)1.499.7
WPP AUNZ (WPP)0.659.7
IOOF Holdings (IFL)5.439.7
GR Engineering Services (GNG)0.969.4
Wesfarmers (WES)38.898.2
Regional Express (REX)1.468.2

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Aurelia Metals (AMI)0.422.7
Pacific Current Group (PAC)5.272.8
Grange Resources (GRR)0.282.8
AVEO (AOG)2.013.2
Cash Converters (CCV)0.163.5
OM Holdings (OMH)0.823.7
Apollo Tourism & Leisure (ATL)0.464.3
BlueScope Steel (BSL)12.864.5
Australian Unity Office Fund (AOF)2.974.8
Seven West Media (SWM)0.424.8
Base Resources (BSE)0.264.9
Neometals (NMT)0.25.2
Jupiter Mines (JMS)0.375.3
New Energy Solar (NEW)1.275.3
Unibail-Rodamco-Westfield (URW)10.095.4
Energy World (EWC)0.095.5
Euroz (EZL)1.145.7
Collection House (CLH)1.256.6
Shine Corporate (SHJ)0.736.7
Villa World (VLW)2.336.8

SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 New 52-week Highs

Stocks hitting their new 52-week high through the day included:
Company NameLast, AUD52-Wk High, AUD
National Australia Bank (NAB)27.8627.88
Aurizon Holdings (AZJ)5.575.63
Magellan Financial (MFG)59.559.82
Wisetech Global (WTC)31.1431.65
Fisher & Paykel Healthcare (FPH)15.7315.82
Northern Star Resources (NST)13.9714.05
Evolution Mining (EVN)5.015.05
Coca-Cola Amatil (CCL)10.4910.57
Harvey Norman (HVN)4.434.44
IDP Education (IEL)19.0119.29
Altium (ALU)36.7736.91
JB Hi-Fi (JBH)29.7729.85
Independence Group (IGO)5.455.49
Pro Medicus (PME)29.9430.46
Genworth Mortgage Insurance Australia (GMA)3.053.07
Dicker Data (DDR)6.987.05
Megaport (MP1)7.397.53
EML Payments (EML)3.293.35
Mystate (MYS)4.754.75
Karoon Energy (KAR)1.231.23

3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
Dacian Gold (DCN)1.0914c [14.7%]Volume 7.5 times average
Pantoro (PNR)0.182c [12.1%]Volume 3.8 times average
AusCann Group Holdings (AC8)0.454c [9.8%]Volume 4.2 times average
Megaport (MP1)7.3947c [6.8%]Volume 2.1 times average
Paladin Energy (PDN)0.161c [6.7%]Price rise on beating relative strength
New Century Resources (NCZ)0.422.5c [6.3%]Rises for a fourth consecutive day
Terracom (TER)0.523c [6.1%]Price rise on rising relative strength
US Masters Residential Property Fund (URF)0.895c [6.0%]Price rise on rising relative strength
SKY Network Television (SKT)1.226.5c [5.6%]Volume 2.2 times average
BUBS Australia (BUB)1.447.5c [5.5%]Price rise on rising relative strength
LiveHire (LVH)0.392c [5.4%]Price rise on rising relative strength
Bellamy's Australia (BAL)9.8646c [4.9%]Price rise on rising relative strength
Opthea (OPT)0.864c [4.9%]Price rise on beating relative strength
Kogan.com (KGN)5.4525c [4.8%]Volume 2.9 times average
Altura Mining (AJM)0.120.5c [4.5%]
Autosports Group (ASG)1.35.5c [4.4%]Price/MAP50 above 1
Superloop (SLC)0.954c [4.4%]Volume 3.8 times average
Afterpay Touch Group (APT)24.68$A1.01 [4.3%]Price/PMAP200 above 1
Bathurst Resources (BRL)0.120.5c [4.2%]Price rise on rising relative strength
Nearmap (NEA)3.2713c [4.1%]Oversold: close to 14-day low

SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 New 52-week Lows

Stocks hitting their new 52-week low through the day included:
Company NameLast, AUD52-Wk Low, AUD
CIMIC Group (CIM)34.7234.63
Computershare (CPU)15.9515.82
Ridley (RIC)1.121.12
Japara Healthcare (JHC)1.021.01
Aeon Metals (AML)0.190.19
Heron Resources (HRR)0.480.47
Australian Mines (AUZ)0.020.02

4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
eServGlobal (ESV)0.07-1.1c [-12.9%]Volume 2.5 times average
Aeon Metals (AML)0.19-2c [-9.5%]Price fall on slipping relative strength
Argosy Minerals (AGY)0.1-0.9c [-8.6%]Volume 2.7 times average
Liquefied Natural Gas (LNG)0.27-2.5c [-8.5%]Volume 1.5 times average
Perseus Mining (PRU)0.71-5.5c [-7.1%]Price fall on slipping relative strength
Domain Holdings Australia (DHG)2.87-19c [-6.2%]Price fall on falling relative strength
Heron Resources (HRR)0.48-3c [-5.9%]Volume 2.4 times average
Nickel Mines (NIC)0.53-3c [-5.4%]Overbought: close to 14-day high
Westgold Resources (WGX)2.01-11c [-5.2%]Price fall on falling relative strength
Australian Mines (AUZ)0.02-0.1c [-5.0%]Volume 2.7 times average
Horizon Oil (HZN)0.11-0.5c [-4.3%]Falls for a second consecutive day
Silver Lake Resources (SLR)1.45-6.5c [-4.3%]Price fall on falling relative strength
A2B Australia (A2B)1.72-7.5c [-4.2%]Price/MAP50 below 1
Millennium Minerals (MOY)0.12-0.5c [-4.2%]Falls for a second consecutive day
Freedom Oil and Gas (FDM)0.03-0.1c [-3.9%]Falls for a second consecutive day
Adelaide Brighton (ABC)4.29-17c [-3.8%]Volume 1.6 times average
Base Resources (BSE)0.26-1c [-3.8%]Price/PMAP200 below 1
Highfield Resources (HFR)0.9-3.5c [-3.7%]Price fall on falling relative strength
Lovisa Holdings (LOV)11.38-44c [-3.7%]Price fall on falling relative strength
Computershare (CPU)15.95-59c [-3.6%]Price fall on falling relative strength

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Charter Hall(CHC)11.81Bullish Engulfing
Class(CL1)1.5Bullish Engulfing
GPT Group(GPT)6.11Bullish Engulfing
Praemium(PPS)0.47Bullish Harami
Virtus Health(VRT)4.85Bullish Harami
Carindale Property Trust(CDP)6.95Bullish Kicker
Huon Aquaculture Group Limited(HUO)4.8Bullish Kicker
Jumbo Interactive(JIN)19.18Inverted Hammer
* 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.* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.* 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.* An inverted hammer pattern appears as a bullish reversal chart pattern after a downtrend. The high exceeds the high of the previous session: the open, low and close are roughly unchanged.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Elders(ELD)7.24Bearish Engulfing
GrainCorp(GNC)8.73Bearish Engulfing
Super Retail(SUL)9.42Bearish Engulfing
Rural Funds(RFF)2.36Bearish Kicker
Unibail-Rodamco-Westfield(URW)10.09Bearish Kicker
Nick Scali(NCK)6.21Shooting Star
* 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 Bearish Kicker Chart pattern is formed at the end of an uptrend, when it encounters resistance in an overbought area.* A Shooting Star chart pattern is a bearish pattern indicative of a possible trend reversal. Usually it foreshadows a lower open in the next session.

SECTION 7 ANNOUNCEMENTS

7.1 Total Shares On Issue

CodeExcerpts
MP1Megaport (MP1.AU) has announced an increase of 20,000 shares (or 0.01%) in total shares on issue from 134,703,635 to 134,723,635. The effective date is Tuesday, July 23.
XROXero (XRO.AU) has announced an increase of 915 shares (or 0.001%) in total shares on issue from 141,139,949 to 141,140,864. The effective date is Friday, July 19.

7.2 Press releases

CodeHeadlines
CPUComputershare Limited announces CFO transition
CTXCaltex Refiner Margin Update (Q2 2019)
DOWDowner selected to provide services to AusNet in Victoria
KGNKogan.com: July 2019 Business Update
STXStrike Energy: Appendix 3B
WAFWAF Receives Mining Convention for Sanbrado Gold Project

7.3 Financial Results

CodeHeadline
OZLOZ Minerals 2019 Second Quarter Report Webcast

SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,197.7 billionIn Top 5%
Today's Trading Turnover$A5 billionIn Top 5%
Annual Revenue$A922.7 billionIn Top 5%

8.1 Present Value Changes For AUD1,000 invested one week ago

Top three Stocks
Company NameLast, AUDPV$A1000 [1week]
Dacian Gold (DCN)1.091,717
Byron Energy (BYE)0.261,209
Dicker Data (DDR)6.981,206
Bottom three Stocks
Company NameLast, AUDPV$A1000 [1week]
CIMIC Group (CIM)34.72767
Sundance Energy Australia (SEA)0.2788
Freedom Oil and Gas (FDM)0.03862

8.2 Present Value Changes For AUD1,000 invested one year ago

Top three Stocks
Company NameLast, AUDPV$A1000 [1year]
Jumbo Interactive (JIN)19.184,592
Pro Medicus (PME)29.943,769
Bellevue Gold (BGL)0.623,472
Bottom three Stocks
Company NameLast, AUDPrice ChangeComment
AJ Lucas Group (AJL)0.08213
Australian Mines (AUZ)0.02232
ARQ Group (ARQ)0.71236

SECTION 9 Year-on-Year Comparison (Trailing year - ended 28 Jun)

In the past 4 years, the All Ordinaries Index has jumped 21.0% from 5,536 to 6,699; an average annual compound rise of 4.9%.
20192018201720162015
Index 28 Jun6,6996,3065,7965,1805,536
Index Change (%)6.28.811.9-6.42
Avg Daily Turnover ($A Billion)4.84.34.44.23.3

SECTION 10 UPCOMING EVENTS

10.1 Dilutions

Name [Code]Event NameRatioEffective DateRecord Date
Landmark White [LMW]Rights Issue4 new shares for every 5 shares24 Jul 201925 Jul 2019

10.2 Change in Issued capital

Name [Code]New Outstanding Shares (After change in capital)Effective Date
ImpediMed [IPD]506,405,31624 Jul 2019
Rimfire Pacific Mining [RIM]1,426,157,43124 Jul 2019

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,426-1.93Troy Ounce10.9
Silver16.3-1.27Troy Ounce4.6
Copper2.71-3.11Pound0.1
Crude oil56.25-0.35Barrel15
Natural gas2.321MMBTU-36.6
Brent crude63.211.06Barrel13.3
Class iii milk17.410.06100 Pounds25.9
Corn423-1.72100 Bushels12.8
Soyabean oil27.79-1.42100 Pounds0.9
Against principal trading currencies, the AUD rates today are:
FXCloseInversePIP% YTD
AUD/USD0.70181.4249-19.67-0.6
AUD/EUR0.62721.5945-1.521.5
AUD/JPY75.91580.0132-758.5-2.6
AUD/GBP0.56361.77437.721.2
AUD/CHF0.69061.4479-15.53-0.7
AUD/CAD0.92221.084428.26-4.2
AUD/NZD1.04230.959434.07-1
AUD/CNY4.83080.207-101.8-0.5
AUD/INR48.42310.0207-1,570.95-1.8
AUD/IDR9,814.43440.0001-74,706.65-3.9
AUD/MYR2.88990.346-57.27-1.1

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

IndicesClose% Change% YTD Change
This Market
All Ordinaries6,8120.518.8
S&P/ASX 2006,7250.518.5
Compare with:
Nikkei 22521,6070.97
S&P 5002,9850.319.1
HSI28,4100.19.8
Dow Jones Industrials27,1720.0716.5
FTSE 1007,5150.0811.6

11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,432
GDP growth yoy (%)1.8
Interest rate (%)1.0
Inflation rate (%)1.3
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-Year0.943.2-88
Australia 5-Year1.011-91
Australia 10-Year1.353-1.6-96
Australia 15-Year1.489-.9-97
Australian Rating Summary
Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAAHighest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGAA+"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