STOCK PRICE INDEXES – AUSTRALIA

Shares could tumble back through 5000 barrier, charts suggest

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 16-Jun-16

The Australian sharemarket has shed around four per cent since reaching 5,400 points in late May 2016, and technical analysis suggests that the S&P/ASX 200 could test the 5,000-point level. Angela Mangan of QMG says 5,300 was the benchmark index’s most recent technical support level. Angus Nicholson of IG Markets says 5,000 will become the next technical support level if the index falls below 5,200, and he notes the psychological importance of the 5,000-point level to investors.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, QMG PTY LTD, IG MARKETS LIMITED, DOW JONES INDUSTRIAL AVERAGE INDEX, FTSE 100 INDEX, EURO STOXX 50 INDEX, DEUTSCHER AKTIEN INDEX, CAC 40 INDEX

Beaten-down blue chips offer attractive buying opportunities

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 30 : 14-Jun-16

Australia’s S&P/ASX300 has gained 3.76 per cent so far in 2016, while the S&P/ASX 200 has shed 2.4 per cent. However, Olivia Engel of State Street Global Advisors remains upbeat about the top 20 blue chip stocks, arguing that the sell-off means that some of them offer value. Tim Schroeders of Pengana Capital recently noted that blue-chip miners BHP Billiton and Rio Tinto represent "reasonable" value on an enterprise value and EBITDA basis.

CORPORATES
STANDARD AND POOR’S ASX 300 INDEX, STANDARD AND POOR’S ASX 20 INDEX, STATE STREET GLOBAL ADVISORS AUSTRALIA LIMITED, PENGANA CAPITAL LIMITED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, TELSTRA CORPORATION LIMITED – ASX TLS, CSL LIMITED – ASX CSL, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, SCENTRE GROUP – ASX SCG, MACQUARIE GROUP LIMITED – ASX MQG, TRANSURBAN GROUP LIMITED – ASX TCL, WOODSIDE PETROLEUM LIMITED – ASX WPL, WESTFIELD CORPORATION – ASX WFD, BRAMBLES LIMITED – ASX BXB, QBE INSURANCE GROUP LIMITED – ASX QBE, AMP LIMITED – ASX AMP, SUNCORP GROUP LIMITED – ASX SUN, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG

ASX posts best rise for May since 2005

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 1-Jun-16

The Australian sharemarket lost ground on 31 May 2016, with the S&P/ASX 200 shedding 0.5 per cent to close at 5,378.6. The Commonwealth Bank was one per cent lower at $A77.43 and BHP Billiton was down 0.8 per cent at $A19.08. However, Select Harvests advanced 6.7 per cent to end the session at $A7.15 and Incitec Pivot was up 2.1 per cent at $A3.45. The market gained 2.4 per cent in May.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, SELECT HARVESTS LIMITED – ASX SHV, INCITEC PIVOT LIMITED – ASX IPL, RIO TINTO LIMITED – ASX RIO, NEWCREST MINING LIMITED – ASX NCM, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, TELSTRA CORPORATION LIMITED – ASX TLS, FLEXIGROUP LIMITED – ASX FXL, ARISTOCRAT LEISURE LIMITED – ASX ALL, TRANSURBAN GROUP LIMITED – ASX TCL, MORGANS FINANCIAL LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, BLOOMBERG LP, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Forget May, June’s the time to sell and go away

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 1-Jun-16

The Australian sharemarket has gained nearly 10 per cent since 11 April 2016, which equates to more than 450 points. However, fund managers do not expect the recent rally to be sustained in June, citing factors such as the prospect of an interest rate rise in the US in coming months. Tax loss selling and portfolio rebalancing in the lead-up to the end of the financial year will also influence the near-term direction of the market.

CORPORATES
UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, PEAK ASSET MANAGEMENT PTY LTD, OPHIR ASSET MANAGEMENT PTY LTD, BELL POTTER SECURITIES LIMITED, CSL LIMITED – ASX CSL, NEWCREST MINING LIMITED – ASX NCM, UNITED STATES. FEDERAL RESERVE BOARD, LIQUEFIED NATURAL GAS LIMITED – ASX LNG, CAPITOL HEALTH LIMITED – ASX CAJ, 1-PAGE LIMITED – ASX 1PG, CARDNO LAWSON TRELOAR PTY LTD, CUDECO LIMITED – ASX CDU

National accounts, US data to steer market sentiment

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Original article by Mark Mulligan
The Australian Financial Review – Page: 22 : 30-May-16

Futures traders expect the Australian sharemarket to gain 23 points when trading resumes on 30 May 2016, after the benchmark S&P/ASX 200 closed above 5,400 in the previous trading session. Local economic figures to be released in the coming week includes current account and GDP data for the March quarter, while investors will also be awaiting the release of key US economic indicators, including the latest wages and consumer confidence data.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BLOOMBERG LP, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION

ASX earnings likely to get better, say fund managers

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 17 & 22 : 27-May-16

Australia’s benchmark S&P/ASX 200 Index has gained almost 10 per cent in the last seven weeks, prompting speculation as to whether the rally can be sustained. The market is now trading at a price-to-earnings ratio of about 16 times earnings, compared with its long-run average of around 14 times. However, Nader Naeimi of AMP Capital is upbeat about the earnings outlook for listed companies, and notes that even a modest increase in earnings will be sufficient to bolster the market.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, BEL-RAY AUSTRALIA PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, FIDELITY INVESTMENTS AUSTRALIA LIMITED, CITIGROUP PTY LTD, EQUITY TRUSTEES LIMITED – ASX EQT

Nikkei, banks rally lifts ASX to a 2016 high

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 11-May-16

The Australian sharemarket posted solid gains on 10 May 2016, with the S&P/ASX 200 adding 0.4 per cent to close at 5,342.8, which is its highest level for the year to date. The Commonwealth Bank was 2.9 per cent higher at $A78 and Qantas advanced 2.4 per cent to end the session at $A3.41. However, Rio Tinto eased 2.9 per cent to finish at $A45.40 and Sims Metal Management shed 10.1 per cent to close at $A8.45.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, QANTAS AIRWAYS LIMITED – ASX QAN, RIO TINTO LIMITED – ASX RIO, SIMS METAL MANAGEMENT LIMITED – ASX SGM, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, WOODSIDE PETROLEUM LIMITED – ASX WPL, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS, SCENTRE GROUP – ASX SCG, LEND LEASE GROUP LIMITED – ASX LLC, VICINITY CENTRES – ASX VCX, INCITEC PIVOT LIMITED – ASX IPL, BLUESCOPE STEEL LIMITED – ASX BSL, MORGANS FINANCIAL LIMITED, IG MARKETS LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NIKKEI 225 INDEX

Investors to get lead on smart play for May

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 3-May-16

The Australian sharemarket gained 3.3 per cent in April 2016, but historical analysis shows that it has lost ground in the month of May in six of the last eleven years. A number of factors may influence the direction of the sharemarket in May, including the release of interim financial results in the banking sector, the outlook for commodity prices and the outcome of the Reserve Bank’s monthly monetary policy meeting.

CORPORATES
RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, STANDARD AND POOR’S ASX 200 INDEX, RIVKIN SECURITIES PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, WATERMARK FUNDS MANAGEMENT PTY LTD

Hard-charging miners push ASX over 5000

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 28 : 14-Apr-16

The Australian sharemarket rallied on 13 April 2016, with the S&P/ASX 200 adding 1.6 per cent to close at 5,054.7. The Commonwealth Bank was 2.1 per cent higher at $A73.73 and BHP Billiton rose six per cent to end the session at $A17.92. Fortescue Metals Group rose 7.7 per cent to finish at $A3.19 and Bellamy’s Australia advanced 5.5 per cent to close at $A9.37.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, TELSTRA CORPORATION LIMITED – ASX TLS, BLACKMORES LIMITED – ASX BKL, MORGANS FINANCIAL LIMITED, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, STANDARD AND POOR’S 500 INDEX, TOKYO STOCK PRICE INDEX

Myer leads ASX rally along with miners

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Original article by Jens Meyer
The Australian Financial Review – Page: 26 : 18-Mar-16

The S&P/ASX 200 Index climbed one per cent to 5,168.2 points on 17 March 2016. Investor sentiment was positively influenced by higher commodity prices and the decision of the US Federal Reserve to leave interest rates unchanged. Big mining companies recorded significant gains, with Fortescue rising nine per cent to $A2.65, BHP Billiton gaining 2.4 per cent to $A17.29 and Rio Tinto adding 2.4 per cent to $A43.73.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NIKKEI 225 INDEX, HANG SENG INDEX, SHANGHAI COMPOSITE INDEX, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, QUBE HOLDINGS LIMITED – ASX QUB, MYER HOLDINGS LIMITED – ASX MYR, NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, OROTONGROUP LIMITED – ASX ORL, ASCIANO LIMITED – ASX AIO, WOOLWORTHS LIMITED – ASX WOW, TELSTRA CORPORATION LIMITED – ASX TLS