Australian Sector Weekly: Market capitalization of the Bank sector rises 3.9%
Friday July 03, 2020


In the past week market capitalization of the Australian Bank sector rose 3.9% or AUD12.1 billion to AUD321.7 billion. During the week amongst the 13 Stocks traded in the Bank sector, 7 (53.8%) advanced, 4 (30.8%) declined and 2 (15.4%) were unchanged.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Advanced753.8
Declined430.8
Unchanged215.4
Total13100


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

FXClose Jul 03Jun 29Week's Change %YTD change %
AUD/USD0.69290.68780.6-1.11
AUD/EUR0.61680.61130.48-1.36
AUD/JPY74.491173.66931.03-2.21
AUD/GBP0.55590.55590.294.06
AUD/CAD0.93990.93990.052.82
AUD/CHF0.65550.65130.37-3.34
AUD/CNY4.89674.86730.430.15
AUD/HKD5.37055.33110.6-1.55
AUD/SEK6.45866.39640.63-1.43
AUD/KRW832.0728825.40360.762.71
AUD/SGD0.96680.95830.912.42


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

FXClose Jul 03Jun 29Week's Change %YTD change %
AUD/NZD1.06331.0693-0.542.13
AUD/NOK6.60826.6563-0.576.98
AUD/MXN15.5615.8423-0.4617.31

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Bendigo and Adelaide Bank (BEN)79.4
Mortgage Choice (MOC)0.78.6
Auswide Bank (ABA)4.97.2
Mystate (MYS)47.2
Australian Finance (AFG)1.696.7

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Mortgage Choice (MOC)0.76.4
Genworth Mortgage Insurance Australia (GMA)2.087.3
Bank of Queensland (BOQ)6.198.4
Bendigo and Adelaide Bank (BEN)79.1
Australia and New Zealand Banking (ANZ)19.199.1


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Five on price rises

Company NameLast, AUDPrice ChangeComment
Resimac Group (RMC)1.135.3c [4.9%]Price/PMAP200 above 1 and rising
Mortgage Choice (MOC)0.72.5c [3.7%]Volume 1.4 times average
Commonwealth Bank (CBA)71.57AUD2.30 [3.3%]Price rise on rising relative strength
Westpac Banking (WBC)18.5455c [3.1%]Price rise on beating relative strength
Australia and New Zealand Banking (ANZ)19.1939c [2.1%]Price rise on beating relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Four on price falls

Company NameLast, AUDPrice ChangeComment
Bank of Queensland (BOQ)6.19-20c [-3.1%]Price/PMAP200 below 1
Mystate (MYS)4-10c [-2.4%]Price/PMAP200 below 1
Australian Finance (AFG)1.69-3.5c [-2.0%]Volume 1.2 times average
Bendigo and Adelaide Bank (BEN)7-7c [-1.0%]Price/MAP50 below 1 and falling


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 (CBA)AUD71.574.1126.7
Westpac Banking (WBC)AUD18.54267
National Australia Bank (NAB)AUD18.741.161.6


Bottom three Stocks

Company NameLast, AUDMCap fall $USMMCap Last $US
Bank of Queensland (BOQ)AUD6.1990.92.8 B
Bendigo and Adelaide Bank (BEN)AUD737.13.7 B
Australian Finance (AFG)AUD1.699.4452.5


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

Company NameLast, AUDPVAUD1000 [1week]
Resimac Group (RMC)1.131,049
Mortgage Choice (MOC)0.71,037
Commonwealth Bank (CBA)71.571,033


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1week]
Bank of Queensland (BOQ)6.19969
Mystate (MYS)4976
Australian Finance (AFG)1.69980


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

Company NameLast, AUDPVAUD1000 [1year]
Resimac Group (RMC)1.131,887
Australian Finance (AFG)1.691,150
Genworth Mortgage Insurance Australia (GMA)2.081,079


Bottom three Stocks

Company NameLast, AUDPVAUD1000 [1year]
Virgin Money UK (VUK)1.74477
Mortgage Choice (MOC)0.7693
Bank of Queensland (BOQ)6.19704

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector weakens below Moving Average (MA), with 50-day MA trailing its 200-day MA-0.4 
ThursdayBank sector rises 103.6 points or 1.8% to 5,867.3 on high volatility 0.1Top Rise
WednesdayBank sector rises 72.2 points (1.3%)0.6 
TuesdayBank sector rises 49.2 points (0.9%)-0.6 
MondayBank sector slumps 71.5 points or 1.2% to 5,642.2 on high volatility 0.3Steepest Fall


SECTION 7 ANNOUNCEMENTS

7.1 Total Shares On Issue

CodeExcerptSource
BENBendigo and Adelaide Bank (BEN.AU) has announced an increase of 6,696 shares (or 0.001%) in total shares on issue from 529,957,325 to 529,964,021. The effective date is Wednesday, July 01. BuySellSignals


7.2 People in Business

CodeExcerptsSource
BENMarnie Baker was appointed MD of Bendigo and Adelaide Bank (ASX:BEN) two years ago on July 02, 2018. The shares were down from AUD9.4 to AUD7.1 and the total annualized return to shareholders (TRS) since appointment is -6.6%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth AUD873, a loss of AUD243 and dividend reinvested of AUD116.BuySellSignals
MYSMelos Sulicich was appointed CEO of Mystate (ASX:MYS) six years ago on July 01, 2014. The shares were up from AUD3.2 to AUD4.0 and the total annualized return to shareholders (TRS) since appointment is 11.1%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth AUD1,877, a gain of AUD222 and dividend reinvested of AUD656.BuySellSignals
NABNational Australia Bank has appointed Andrew Irvine as Director. The appointment takes effect from Jun 29, 2020.BuySellSignals


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,7903.23Troy Ounce18.4
Silver18.320.34Troy Ounce2.2
Copper2.7510.34Pound-3.7
Crude oil40.6510.43Barrel-29
Natural gas1.73-2.42MMBTU-24.1
Class iii milk22.9788.74100 Pounds18.9
Corn3425.61100 Bushels-11.6
Soyabean oil27.93-0.11100 Pounds-19.1
Soyabean8924.82100 Bushels-5.4


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

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries6,1642.5-9.7
S&P/ASX 2006,0582.6-9.75
Compare with:   
HSI25,2532.9-10.87
Nikkei 22522,220-1.3-6.39
FTSE 1006,2401.5-17.26
Dow Jones Industrials25,8270.3-9.5
S&P 5003,1301.5-3.12


8.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)1.4
Interest rate (%)0.25
Inflation rate (%)2.2
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


8.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year0.262.2-64
Australia 5-Year0.401.9-59
Australia 10-Year0.9332.8-44
Australia 15-Year1.2723.3-21


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