STOCK PRICE INDEXES – AUSTRALIA

Investors’ love of local shares proves a costly passion

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 22 : 17-Dec-14

The S&P 500 Index has risen by 7.5 per cent so far in 2014, while Australia’s S&P/ASX 200 has shed 3.6 per cent in local currency terms. The local benchmark index has fallen by 20 per cent in US currency terms since September. Research shows that international shares are widely tipped to continue to outperform in 2015, while PM Capital’s Paul Moore argues that Australian investors should increase their exposure to offshore assets

CORPORATES
STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX 200 INDEX, PM CAPITAL LIMITED, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, LIVEWIREMARKETS.COM, MERCER INVESTMENTS PTY LTD, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, TOKYO STOCK PRICE INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL EUROPE INDEX

A-REITs outperform

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 12-Nov-14

Australia’s S&P/ASX 200 A-REIT Index gained 6.8 per cent in October 2014, recovering from a sharp sell-off early in the month. Morgan Stanley has an overweight position on a number of listed property trusts, while Goldman Sachs has a "buy" rating on Mirvac Group, DEXUS Property Group, GPT Group, Hotel Properties Investments and Goodman Group

CORPORATES
STANDARD AND POOR’S ASX 200 A-REIT INDEX, MORGAN STANLEY AUSTRALIA LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, GPT GROUP – ASX GPT, MIRVAC GROUP – ASX MGR, DEXUS PROPERTY GROUP – ASX DXS, GOODMAN GROUP – ASX GMG, HOTEL PROPERTIES INVESTMENTS – ASX HPI, BWP TRUST – ASX BWP, SCENTRE GROUP – ASX SCG, NOVION PROPERTY GROUP – ASX NVN, FEDERATION CENTRES – ASX FDC, LEND LEASE GROUP LIMITED – ASX LLC, STOCKLAND – ASX SGP, NATIONAL STORAGE REIT – ASX NSR, ARENA REIT – ASX ARF, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, INVESTA OFFICE FUND – ASX IOF, WESTFIELD CORPORATION – ASX WFD, CHARTER HALL RETAIL REIT – ASX CQR, UNITED STATES. FEDERAL RESERVE BOARD

Few shares spared as index heads to correction

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Original article by Patrick Commins
The Australian Financial Review – Page: 21 : 15-Oct-14

Bearish sentiment toward equities means that just 11 stocks in Australia’s benchmark S&P/ASX 200 Index have risen in the last six weeks. These include TPG Telecom, Qube Holdings, Recall Holdings and M2 Group. Some 40 per cent of ASX 200 stocks have fallen by more than 10 per cent since early September 2014, while the index itself has shed eight per cent over this period. CIMB’s Shane Lee says the sell-off means that some stocks may now offer good value to investors

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, TPG TELECOM LIMITED – ASX TPM, QUBE HOLDINGS LIMITED – ASX QUB, RECALL HOLDINGS LIMITED – ASX REC, M2 GROUP LIMITED – ASX MTU, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, EUROPEAN CENTRAL BANK, RUSSELL INVESTMENTS PTY LTD, CSL LIMITED – ASX CSL, RESMED INCORPORATED – ASX RMD, SONIC HEALTHCARE LIMITED – ASX SHL, TOLL HOLDINGS LIMITED – ASX TOL, BRAMBLES LIMITED – ASX BXB, IINET LIMITED – ASX IIN, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, JB HI-FI LIMITED – ASX JBH

REITs in major sell-off

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 35 : 1-Oct-14

Australia’s listed real estate investment trusts index shed more than five per cent in September 2014. However, Freehold Investment Management’s Andrew Smith notes that a pullback was likely given the sector’s strong gains in the year to date. Stocks that were hard hit include Charter Hall Group, BWP Trust, Mirvac and Scentre Group. Lend Lease and GDI Property Group are among the stocks that posted gains

CORPORATES
STANDARD AND POOR’S ASX 200 A-REIT INDEX, CHARTER HALL GROUP – ASX CHC, BWP TRUST – ASX BWP, MIRVAC GROUP – ASX MGR, SCENTRE GROUP – ASX SCG, LEND LEASE GROUP LIMITED – ASX LLC, GDI PROPERTY GROUP – ASX GDI, GROWTHPOINT PROPERTIES AUSTRALIA – ASX GOZ, WESTFIELD CORPORATION – ASX WFD, DEXUS PROPERTY GROUP – ASX DXS, INVESTA OFFICE FUND – ASX IOF, FREEHOLD INVESTMENT MANAGEMENT LIMITED, CLSA AUSTRALIA PTY LTD, STOCKLAND – ASX SGP, CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, GPT GROUP – ASX GPT, INGENIA COMMUNITIES GROUP – ASX INA

Year’s gains lost in three weeks

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Original article by Philip Baker
The Australian Financial Review – Page: 1 & 11 : 23-Sep-14

The Australian sharemarket has shed more than five per cent so far in September 2014, paring the S&P/ASX 200’s gains in the year to date to just 0.2 per cent. In contrast, the S&P 500 has gained nearly nine per cent and the Hang Seng Index has risen by three per cent. Banks have borne the brunt of bearish investor sentiment, with all of the four major banks shedding more than the S&P/ASX 200 in September

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, 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, WILSON ASSET MANAGEMENT, STANDARD AND POOR’S 500 INDEX, HANG SENG INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, NIKKEI 225 INDEX, UNITED STATES. FEDERAL RESERVE BOARD, MORGAN STANLEY AUSTRALIA LIMITED

Hope for September

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Original article by Vesna Poljak
The Australian Financial Review – Page: 29 : 2-Sep-14

The Australian sharemarket rose by 0.02 per cent in the June 2014 quarter, which may bode well for the market’s outlook in September. Perpetual notes that while it was the first time since 2009 that the market has finished in the red in the June quarter, it has posted gains eight times in the last decade during the September quarter. Meanwhile, the month of September is traditionally seen as a bearish one for sharemarkets, although the Australian bourse rose in both September 2012 and 2013

CORPORATES
PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, CITIBANK PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD

Local shares tipped to fall as spring begins

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Original article by Sally Rose
The Australian Financial Review – Page: 27 : 1-Sep-14

Futures traders expect the Australian sharemarket to fall by 0.2 per cent when trading resumes on 1 September 2014. The benchmark S&P/ASX 200 Index shed 0.1 per cent during August, and the downward trend is tipped to continue at the start of September. Factors such as the upcoming release of Australian and Chinese economic data are likely to weigh on investor sentiment, while a number of blue-chip stocks will commence trading without a dividend in the coming week

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, LEND LEASE GROUP LIMITED – ASX LLC, AGL ENERGY LIMITED – ASX AGK, COCHLEAR LIMITED – ASX COH, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, CITIGROUP PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, EUROPEAN CENTRAL BANK, AMP LIMITED – ASX AMP, BANK OF ENGLAND, BANK OF JAPAN, BANK OF CANADA

Forecasts dip as economy slackens

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 28 : 20-Aug-14

The Australian sharemarket has gained 3.5 per cent so far in 2014, although it has risen by 27 per cent in the last two years. Tony Brennan of Citigroup forecasts that the benchmark S&P/ASX 200 Index will end the year at 5,750 points. However, he warns that the market has lowered earnings expectations for 2014-15 by 0.5 per cent so far, and this could be scaled back further

CORPORATES
CITIGROUP PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, ARNHEM INVESTMENT MANAGEMENT PTY LTD, SUNCORP GROUP LIMITED – ASX SUN, TELSTRA CORPORATION LIMITED – ASX TLS, RIO TINTO LIMITED – ASX RIO, COMPUTERSHARE LIMITED – ASX CPU, JAMES HARDIE INDUSTRIES PLC – ASX JHX, BLOOMBERG LP, LEUTHOLD GROUP LLC, BARCLAYS BANK PLC, NEWS CORPORATION – ASX NWS, FAIRFAX MEDIA LIMITED – ASX FXJ, DOWNER EDI LIMITED – ASX DOW, LEIGHTON HOLDINGS LIMITED – ASX LEI

Takeover rush fuelled by cheap debt could shrink index

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Original article by Vesna Poljak
The Australian Financial Review – Page: 30 : 7-Aug-14

Hasan Tevfik of Credit Suisse expects Australia’s benchmark S&P/ASX 200 Index to reach 6,000 points by the end of 2014. He forecasts that the low cost of funding via debt markets will lead to an upturn in takeover activity in Australia. This in turn will result in the number of companies that are acquired or undertake buybacks exceeding IPO and capital raising activity

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, STANDARD AND POOR’S ASX 200 INDEX, DAVID JONES LIMITED – ASX DJS, AUSTRALAND PROPERTY GROUP – ASX ALZ, TREASURY WINE ESTATES LIMITED – ASX TWE, UNITED STATES. FEDERAL RESERVE BOARD, BUSINESS 20 (B20), RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Shares rebound and the seven-year itch

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Original article by Philip Baker
The Australian Financial Review – Page: 29 : 29-Jul-14

Australia’s benchmark S&P/ASX 200 Index rose to a new high only six years after the 1987 sharemarket correction, and just three years after the correction in 1980. In contrast, the market is approaching the seventh anniversary of its record close in November 2007, and it has yet to return to or surpass this level. The underperforming junk bond market may prove to be the "turning point" that investors are seeking for shares

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES ACCUMULATION INDEX, UNITED STATES. FEDERAL RESERVE BOARD, NUMERICABLE GROUP SA, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, BARCLAYS GLOBAL INVESTORS