Rate cut nerves push ASX lower for sixth day

Original article by Stephen Cauchi
The Australian Financial Review – Page: 32 : 3-Nov-15

The S&P/ASX 200 index declined 1.4 per cent to 5,165.8 on 2 November 2015. It was the sixth straight day of losses for the index. The banks were particularly weak, with National Australia Bank losing 1.7 per cent to $A29.62, the Commonwealth Bank declining 2.1 per cent to $A75.10 and ANZ shedding 2.3 per cent to $A26.85.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MACQUARIE BANK LIMITED – ASX MBL, RIO TINTO LIMITED – ASX RIO, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SANTOS LIMITED – ASX STO, BHP BILLITON LIMITED – ASX BHP, QUADRANT ENERGY PTY LTD

Market flags as rate cuts lose potency

Original article by Philip Baker
The Australian Financial Review – Page: 34 : 3-Nov-15

The Australian sharemarket had another bad day on 2 November 2015, with the S&P/ASX200 index falling to 5,165.8 points. The index was close to 6,000 points in April. The charts suggest that the index could decline to below 5,100. Risks include doubts about China’s manufacturing sector; a likely increase in the GST, and a possible drought in Queensland.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, TELSTRA CORPORATION LIMITED – ASX TLS

ASX tipped to reach 6200 by end-2016

Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 7-Oct-15

Citigroup is upbeat about the outlook for global sharemarkets, with equity strategist Robert Buckland suggesting that the market has entered a "maturing bull" phase. The S&P 500 in the US and Australia’s benchmark S&P/ASX 200 have risen strongly so far in October 2015, and Citigroup now expects the ASX 200 to top 6,200 points by the end of 2016. Its previous forecast for this date was 6,000 points.

CORPORATES
CITIGROUP INCORPORATED, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL ALL COUNTRY WORLD INDEX, RESERVE BANK OF AUSTRALIA

ASX loses $55b in Glencore-led sell-off

Original article by Stephen Cauchi
The Australian Financial Review – Page: 32 : 30-Sep-15

The Australian sharemarket fell sharply on 29 September 2015, with the S&P/ASX 200 shedding 3.8 per cent to close at 4,918.4. The slump was prompted by a big fall in the share price of UK-listed Glencore, with the resources sector being hardest hit. BHP Billiton was down 6.6 per cent to a seven-year low of $A21.61 and Paladin Energy was 13.1 per cent lower at $A0.165. Meanwhile, the ANZ/Roy Morgan consumer confidence index fell by 3.4 per cent in the week ended 27 September, following a sharp rise after Malcolm Turnbull became Prime Minister.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, BHP BILLITON LIMITED – ASX BHP, PALADIN ENERGY LIMITED – ASX PDN, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, TELSTRA CORPORATION LIMITED – ASX TLS, KAROON GAS AUSTRALIA LIMITED – ASX KAR, ORIGIN ENERGY LIMITED – ASX ORG, AWE LIMITED – ASX AWE, SANTOS LIMITED – ASX STO, ARRIUM LIMITED – ASX ARI, MORGANS FINANCIAL LIMITED, AUSTRALIAN STOCK REPORT LIMITED, GLENCORE PLC, ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

ASX recovers from low to close above 5000

Original article by Vesna Poljak, Mark Mulligan
The Australian Financial Review – Page: 26 : 25-Sep-15

The Australian sharemarket rebounded on 24 September 2015, with the S&P/ASX 200 adding 73.57 points to close at 5,071. Rio Tinto was 0.6 per cent higher at $A48.30 and Senex Energy advanced 24 per cent to end the session at $A0.155 Wesfarmers rose by 2.5 per cent to finish at $A39.14 and Metcash was up 5.05 per cent at $A1.04

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, SENEX ENERGY LIMITED – ASX SXY, WESFARMERS LIMITED – ASX WES, METCASH LIMITED – ASX MTS, BHP BILLITON LIMITED – ASX BHP, WOOLWORTHS LIMITED – ASX WOW, NORTHERN STAR RESOURCES LIMITED – ASX NST, ILUKA RESOURCES LIMITED – ASX ILU, SYRAH RESOURCES LIMITED – ASX SYR, SANTOS LIMITED – ASX STO, G8 EDUCATION LIMITED – ASX GEM, IG MARKETS LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ALDI STORES SUPERMARKETS PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, IGA, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Miners savaged as ASX plunges below 5000

Original article by Vanessa Desloires
The Australian Financial Review – Page: 34 : 24-Sep-15

The Australian sharemarket lost ground on 23 September 2015, with the S&P/ASX 200 shedding 105.4 points to close at 4,998.1. The Commonwealth Bank was down three per cent at $A71.60 and BHP Billiton was 4.4 per cent lower at $A22.80. Telstra eased 0.9 per cent to end the session at $A5.62 and Woolworths fell by 1.7 per cent to finish at $A24.38.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, LIQUEFIED NATURAL GAS LIMITED – ASX LNG, WESFARMERS LIMITED – ASX WES, NUFARM LIMITED – ASX NUF, IG MARKETS LIMITED, SAXO CAPITAL MARKETS (AUSTRALIA) PTY LTD, FIDELITY AUSTRALIAN OPPORTUNITIES FUND, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

ASX sheds $32b as China fears deepen

Original article by Vanessa Desloires
The Australian Financial Review – Page: 28 : 2-Sep-15

The S&P/ASX 200 index fell 2.1 per cent or 110.6 points to 5,096.4 on 1 September 2015. The market lost $A32 billion in capitalisation. Investor sentiment was negatively affected by a fall in China’s official purchasing manager’s index, from 50 in July 2015 to 49.7 in August. BHP Billiton declined 2.1 per cent to $A24.65 and Rio Tinto fell 1.8 per cent to $A49.37.

CORPORATES
RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, WOODSIDE PETROLEUM LIMITED – ASX WPL, AGL ENERGY LIMITED – ASX AGL, SYDNEY AIRPORT – ASX SYD, QANTAS AIRWAYS LIMITED – ASX QAN, SHANGHAI COMPOSITE INDEX, ASX LIMITED – ASX ASX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Goldman sees value as ASX faces worst month since 2012

Original article by
The Australian Financial Review – Page: 22 : 21-Aug-15

Goldman Sachs equity strategist Matthew Ross believes Australian stocks are now cheap by historical standards. The banks are particularly attractive as they are now trading on a forward price-earnings (PE) ratio of 12.5 times, compared with the industrial PE of 17.5 times earnings. Technical analysis of the Australian stock market suggests that the S&P/ASX 200 index can rise as much as 28 per cent from its current level.

CORPORATES
GOLDMAN SACHS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX

ASX bounces back as buyers return to banks

Original article by Vanessa Desloires
The Australian Financial Review – Page: 30 : 11-Aug-15

The Australian sharemarket closed higher on 10 August 2015. The S&P/ASX 200 index climbed 0.6 per cent to 5,509.2 points, while the All Ordinaries gained 0.6 per cent to 5,504.9. The big four banks regained some of their recent losses, with shares in the ANZ Bank rising 1.5 per cent to $A30.60 and Commonwealth Bank closing up one per cent at $A82.14.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, CITI AUSTRALIA PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, IG MARKETS LIMITED, ST GEORGE BANK LIMITED, SHANGHAI COMPOSITE INDEX, JB HI-FI LIMITED – ASX JBH, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, RIO TINTO LIMITED – ASX RIO, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP

Large caps shine in under-loved index

Original article by Vanessa Desloires
The Australian Financial Review – Page: 23 : 24-Jul-15

Analysis by Morningstar shows that the Australian sharemarket is currently trading at a price/earnings ratio of 15.5. The market’s earnings yield is 6.5 per cent, while the yield on 10-year bonds is around three per cent. Morningstar believes that the local sharemarket still offers value, and it favours large-capitalisation stocks such as National Australia Bank, BHP Billiton, Veda Group, Santos and Goodman Group.

CORPORATES
MORNINGSTAR PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BHP BILLITON LIMITED – ASX BHP, VEDA GROUP LIMITED – ASX VED, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, GOODMAN GROUP – ASX GMG, SANTOS LIMITED – ASX STO, AWE LIMITED – ASX AWE, ALUMINA LIMITED – ASX AWC, ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG, ARRIUM LIMITED – ASX ARI, STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD