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Daily Newsletter: All Ordinaries Index falls for a second consecutive day, a two-day fall of 1.5%
Friday September 18, 2020

The All Ordinaries Index fell 11.6 points (or 0.2%) to close at 6,058. The index fell for a second day on Friday bringing its two-day fall to 89.3 points or 1.5%. Market capitalization of the Australian All Ordinaries Index fell 0.1% or $A2.4 billion to $A2,158 billion on Friday. Amongst the 458 Stocks traded in the All Ordinaries Index today, 212 (44.6%) declined, 203 (42.7%) advanced and 43 (9.1%) were unchanged. 17 (3.6%) were untraded.ALL ORDINARIES INDEX SUMMARY
CurrencyAustralian Dollar (AUD)
Exchange rateUSD1 = AUD1.3671; AUD1 = 0.7272 USD
Exchange NameAustralian Securities Exchange (ASX)
Last6,058
52-Week Range4,564 - 7,255
Total Market Cap$A2,158 billion (USD 1,569.2 billion)
% change YTD-10.95
Number of constituents475
Avg. daily turnoverAUD 6 billion (USD 4.4 billion)
TODAY'S TRADING SNAPSHOT
StocksNo.%
Declined21244.6
Advanced20342.7
Unchanged439.1
Untraded173.6
Total475100
AUSTRALIAN DOLLAR EXCHANGE RATESThe Australian Dollar rose against the following currencies:
FXClose Sep 18Sep 17Daily Change %YTD change %
AUD/USD0.73190.73620.584.46
AUD/JPY76.691176.98860.390.68
AUD/GBP0.56440.56640.365.64
AUD/CAD0.9630.96310.015.33
AUD/CHF0.66480.66560.13-1.97
AUD/CNY4.94494.96340.381.13
AUD/HKD5.67265.70540.583.99
AUD/SGD0.99260.99450.25.15
The Australian Dollar fell against the following currencies:
FXClose Sep 18Sep 17Daily Change %YTD change %
AUD/EUR0.61740.6164-0.15-1.26
AUD/NZD1.07751.0677-0.93.49
AUD/SEK6.41956.4062-0.21-2.03
AUD/KRW849.7922845.2456-0.534.89
AUD/NOK6.60756.5977-0.156.97
AUD/MXN15.300515.2581-0.2815.35

SECTION 1 TOP TWENTY STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Seven West Media (SWM)0.1226.1
Orora (ORA)2.3925.2
Genworth Mortgage Insurance Australia (GMA)1.3323.8
Southern Cross Media (SXL)0.1419
Jupiter Mines (JMS)0.2717.6
Japara Healthcare (JHC)0.3515.1
Stanmore Coal (SMR)0.7315.1
Navigator Global Investments (NGI)1.513.5
Base Resources (BSE)0.2713.2
New Hope (NHC)1.2212.3
Evans Dixon (ED1)0.4612
Unibail-Rodamco-Westfield (URW)2.811.7
SG Fleet (SGF)1.6811.6
Mosaic Brands (MOZ)0.4911.2
Neometals (NMT)0.1811.1
Kina Securities (KSL)0.811.1
Fortescue Metals (FMG)16.3910.7
Yancoal Australia (YAL)1.9810.7
IVE Group (IGL)0.8410.2
Kathmandu Holdings (KMD)1.179.5

SECTION 2 TOP TWENTY STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Stanmore Coal (SMR)0.732
Cardno (CDD)0.282.2
Energy World (EWC)0.052.5
Slater & Gordon (SGH)1.032.6
Australis Oil & Gas (ATS)0.032.6
Midway (MWY)1.063.4
Grange Resources (GRR)0.253.6
Yancoal Australia (YAL)1.983.6
Perenti Global (PRN)1.264.2
OM Holdings (OMH)0.354.4
Genworth Mortgage Insurance Australia (GMA)1.334.7
Mineral Resources (MIN)25.674.8
New Hope (NHC)1.224.9
Kathmandu Holdings (KMD)1.175.1
Zimplats Holdings (ZIM)9.65.2
Jupiter Mines (JMS)0.275.6
GTN (GTN)0.395.6
Flight Centre Travel (FLT)13.225.6
Base Resources (BSE)0.275.7
Japara Healthcare (JHC)0.355.8

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
Redbubble (RBL)4.524.59
AUB Group (AUB)16.2516.74
Sealink Travel (SLK)5.315.31
Lifestyle Communities (LIC)9.9610.2
West African Resources (WAF)1.151.19
Bellevue Gold (BGL)1.171.24
Rural Funds (RFF)2.42.4
Galaxy Resources (GXY)1.561.61
Base Resources (BSE)0.270.28
Wameja (WJA)0.140.14

3.2 Top Twenty on price rises

Company NameLast, AUDPrice ChangeComment
SG Fleet (SGF)1.6823.5c [16.3%]Volume 11 times average
Catapult Group (CAT)2.2829c [14.6%]Price/PMAP200 above 1 and rising
MMA Offshore (MRM)0.060.5c [9.6%]Price rise on beating relative strength
OM Holdings (OMH)0.353c [9.4%]Volume 10.5 times average
Audinate Group (AD8)6.353c [9.2%]Price rise on rising relative strength
Strike Energy (STX)0.282c [7.8%]Price rise on rising relative strength
Mystate (MYS)3.9428c [7.7%]Price rise on beating relative strength
Iselect (ISU)0.292c [7.4%]Price rise on beating relative strength
Argosy Minerals (AGY)0.060.4c [7.3%]Volume 2.6 times average
Galaxy Resources (GXY)1.5610.5c [7.2%]Price rise on beating relative strength
Redbubble (RBL)4.5229c [6.9%]Volume 1.6 times average
Pilbara Minerals (PLS)0.392.5c [6.8%]Price rise on rising relative strength
Southern Cross Electrical Engineering (SXE)0.493c [6.5%]Price rise on beating relative strength
People Infrastructure (PPE)2.9718c [6.5%]Volume 2.7 times average
Australian Mines (AUZ)0.020.1c [6.2%]Price/MAP50 above 1
APN Industria REIT (ADI)2.7416c [6.2%]Price rise on beating relative strength
Resimac Group (RMC)1.388c [6.2%]Price rise on rising relative strength
Midway (MWY)1.066c [6.0%]Price rise on beating relative strength
McPherson's (MCP)3.1417c [5.7%]Price rise on rising relative strength
Australian Ethical Investment (AEF)4.6525c [5.7%]Price rise on rising relative strength

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
Insurance Australia (IAG)4.534.52
AGL Energy (AGL)14.2714.24
Unibail-Rodamco-Westfield (URW)2.82.8
Japara Healthcare (JHC)0.350.35

4.2 Bottom Twenty on price falls

Company NameLast, AUDPrice ChangeComment
Seafarms Group (SFG)0.1-1c [-8.7%]Price fall on slipping relative strength
Investec Australia Property Fund (IAP)1.32-12c [-8.3%]Volume 9.8 times average
Clover (CLV)2.25-20c [-8.2%]Volume 4.8 times average
Unibail-Rodamco-Westfield (URW)2.8-22c [-7.3%]Volume 3.6 times average
Regis Healthcare (REG)1.05-8c [-7.0%]Volume 6.8 times average
Flinders Mines (FMS)0.06-0.4c [-6.8%]Falls for a second consecutive day
AusCann Group Holdings (AC8)0.15-1c [-6.2%]Volume 1.6 times average
Japara Healthcare (JHC)0.35-2c [-5.3%]Volume 7 times average
Genworth Mortgage Insurance Australia (GMA)1.33-6.5c [-4.6%]Volume 3.1 times average
Ioneer (INR)0.1-0.5c [-4.5%]Volume 1.3 times average
Abacus Property (ABP)2.66-12c [-4.3%]Volume 5.3 times average
FSA Group (FSA)1-4.5c [-4.3%]Price fall on slipping relative strength
AMA Group (AMA)0.68-3c [-4.2%]Price/PMAP200 below 1
Pact Group (PGH)2.31-10c [-4.2%]
Navigator Global Investments (NGI)1.5-6.5c [-4.1%]Price fall on slipping relative strength
Virgin Money UK (VUK)1.53-6.5c [-4.1%]Volume 3.7 times average
Hastings Technology Metals (HAS)0.12-0.5c [-4.0%]Price fall on falling relative strength
Terracom (TER)0.13-0.5c [-3.7%]Price/MAP50 below 1
Apollo Tourism & Leisure (ATL)0.26-1c [-3.7%]Falls for a second consecutive day
Australis Oil & Gas (ATS)0.03-0.1c [-3.7%]Price/MAP50 below 1

SECTION 5 BULLISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
Adairs(ADH)3.15Bullish Harami
Electro Optic Systems(EOS)5.41Bullish Harami
Mineral Resources(MIN)25.67Bullish Harami
OceanaGold(OGC)2.89Bullish Harami
OOH Media(OML)1.02Bullish Harami
Saracen Mineral(SAR)5.42Bullish Harami
St Barbara(SBM)3.37Bullish Harami
ARB(ARB)26.76Bullish Engulfing
Integrated Research(IRI)3.44Bullish Engulfing
Inghams Group(ING)3.07Bullish Kicker
* Bullish Harami is formed at the bottom of a downtrend or near a significant support zone.* 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.

SECTION 6 BEARISH CANDLESTICK PATTERNS

Company NameLast, AUDComment*
ALE Property(LEP)4.37Bearish Engulfing
McMillan Shakespeare(MMS)8.41Bearish Engulfing
Pact Group(PGH)2.31Bearish Engulfing
Volpara Health Technologies(VHT)1.31Bearish Engulfing
Westpac Banking(WBC)16.64Bearish Engulfing
Coca-Cola Amatil(CCL)9.18Dark Cloud
Z Energy(ZEL)2.52Shooting 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 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 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 TOP THREE AND BOTTOM THREE

7.1 Today's MCap changes of Heavyweights

Top three Stocks
Company NameLast, AUDMCap rise $USBMCap Last $USB
BHP (BHP)$A37.82.5191.6
Rio Tinto (RIO)$A100.572162.7
Macquarie Group (MQG)$A122.561.144.3
Bottom three Stocks
Company NameLast, AUDMCap fall $USBMCap Last $USB
CSL (CSL)$A282.621.4128.6
Transurban Group (TCL)$A13.861.237.9
Commonwealth Bank (CBA)$A64.371.1114

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

Top three Stocks
Company NameLast, AUDPVAUD1000 [1week]
Citadel Group (CGL)5.61,407
Galilee Energy (GLL)0.811,400
Coronado Global Resources (CRN)0.951,299
Bottom three Stocks
Company NameLast, AUDPVAUD1000 [1week]
Tungsten Mining (TGN)0.15838
Genworth Mortgage Insurance Australia (GMA)1.33850
Cleanaway Waste Management (CWY)2.18872

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

Top three Stocks
Company NameLast, AUDPVAUD1000 [1year]
Kogan.com (KGN)20.793,522
Redbubble (RBL)4.523,386
Objective (OCL)12.253,253
Bottom three Stocks
Company NameLast, AUDPVAUD1000 [1year]
AJ Lucas Group (AJL)0.03249
Cann Group (CAN)0.42253
Cardno (CDD)0.28265

SECTION 8 Bullish Indicators

DescriptionValueRank In Indices
Aggregate MCap$A2,158 billionIn Top 5%
Today's Trading Turnover$A11.9 billionIn Top 5%
Annual Revenue$A890.7 billionIn Top 5%

SECTION 9 Year-on-Year Comparison (Trailing year - ended 31 Aug)

In the past 4 years, the All Ordinaries Index has jumped 13.0% from 5,529 to 6,246; an average annual compound rise of 3.1%.
20202019201820172016
Index 31 Aug6,2466,6996,4285,7765,529
Index Change (%)-6.84.211.34.55.9
Avg Daily Turnover ($A Billion)64.94.34.44.2

SECTION 10 ANNOUNCEMENTS

10.1 Dividend

CodeExcerptsSource
ADIAPN Industria REIT today announced an interim dividend of 4.30c per share, franked to 0%. The ex-dividend date is Tuesday, September 29, 2020 and the record date is Wednesday, September 30, 2020 and it is payable on Friday, November 06. BuySellSignals
AMPAMP today announced a special dividend of 10.0c per share, franked to 100%. The ex-dividend date is Friday, September 18, 2020 and the record date is Monday, September 21, 2020 and it is payable on Thursday, October 01. BuySellSignals
AQRAPN Convenience Retail REIT today announced an interim dividend of 5.47c per share, franked to 0%. The ex-dividend date is Tuesday, September 29, 2020 and the record date is Wednesday, September 30, 2020 and it is payable on Friday, November 06. BuySellSignals

10.2 Annual General Meeting

CodeExcerptsSource
AYSAmaysim Australia has announced its Annual General Meeting will take place on Thursday, October 22. BuySellSignals
BLXBeacon Lighting has announced its Annual General Meeting will take place on Tuesday, October 20. BuySellSignals
CWNCrown Resorts has announced its Annual General Meeting will take place on Thursday, October 22. BuySellSignals
DXSDexus has announced its Annual General Meeting will take place on Friday, October 23. BuySellSignals
ENNElanor Investors has announced its Annual General Meeting will take place on Wednesday, October 21. BuySellSignals
EVTEvent Hospitality & Entertainment has announced its Annual General Meeting will take place on Friday, October 23. BuySellSignals
HLSHealius has announced its Annual General Meeting will take place on Thursday, October 22. BuySellSignals
IPHIPH has announced its Annual General Meeting will take place on Thursday, November 19. BuySellSignals
JBHJB Hi-Fi has announced its Annual General Meeting will take place on Thursday, October 29. BuySellSignals
MAHMacmahon Holdings has announced its Annual General Meeting will take place on Wednesday, October 21. BuySellSignals
MYSMystate has announced its Annual General Meeting will take place on Wednesday, October 21. BuySellSignals
QANQantas Airways has announced its Annual General Meeting will take place on Friday, October 23. BuySellSignals
SBMSt Barbara has announced its Annual General Meeting will take place on Wednesday, October 28. BuySellSignals
WEBWebjet has announced its Annual General Meeting will take place on Thursday, October 22. BuySellSignals
WHCWhitehaven Coal has announced its Annual General Meeting will take place on Thursday, October 22. BuySellSignals

10.3 Buyback of Shares

CodeExcerptsSource
AZJAurizon Holdings (AZJ.AU) announced a buyback of 867,929 shares worth AUD3,706,057 (or $US2,694,956) on September 17, 2020. BuySellSignals
BXBBrambles (BXB.AU) announced a buyback of 480,290 shares worth AUD5,076,665 (or $US3,691,629) on September 17, 2020. BuySellSignals
CVCCVC (CVC.AU) announced a buyback of 2,350 shares worth AUD3,878 (or $US2,820) on September 17, 2020. BuySellSignals
JHGJanus Henderson Group (JHG.AU) announced a buyback of 15,544 shares worth AUD423,729 (or $US308,126) on September 17, 2020. BuySellSignals
ORAOrora (ORA.AU) announced a buyback of 586,367 shares worth AUD1,413,144 (or $US1,027,605) on September 17, 2020. BuySellSignals

SECTION 11 ECONOMIC INDICATORS

11.1 Global Commodities Spot Prices

CommoditiesPrice ($US)% ChangeUnit% YTD
Gold1,950-1.05Troy Ounce29
Silver27.1-1.37Troy Ounce51.1
Copper3.070.29Pound7.5
Crude oil40.972.02Barrel-28.5
Natural gas2.04-10.01MMBTU-10.8
Class iii milk16.250.12100 Pounds-15.9
Corn3750.81100 Bushels-3.3
Soybean oil34.92-0.03100 Pounds1.2
Soybean1,0271.58100 Bushels8.9

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

IndicesClose% Change% YTD Change
This Market
All Ordinaries6,058-0.2-10.78
S&P/ASX 2005,864-0.3-11.98
Compare with:
S&P 5003,357-0.83.9
FTSE 1006,050-0.5-19.79
Dow Jones Industrials27,902-0.5-2.23
HSI24,4220.3-13.65
Nikkei 22523,3600.2-1.43

11.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,393
GDP growth yoy (%)(-6.3)
Interest rate (%)0.25
Inflation rate (%)(-0.3)
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

11.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Today's ChangeYTD Change
Australia 3-Year0.241-.4-66
Australia 5-Year0.417-.8-57
Australia 10-Year0.914-.1-46
Australia 15-Year1.202-1.6-28
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