Australian financial markets newsletter

AUSTR

BSS NEWS BITES ALERTS ISSUED FOR AUSTRALIAN MARKET ON FRIDAY 20 APRIL 2018

NEWS BITES - AUSTRALIA

Total Australian Market down 15.3 points or -0.27% to 5,683.74

BSS News Bites issued 264 Alerts on notable trading amongst the 1,509 Stocks traded on the Total Australian Market today, of which 128 (48%) were Bearish.

Among the sectors, Gold slipped 1.66 percent, Telecom weakened 1.05 percent, while Energy gained 0.27 percent.

Of all the Alerts, the following were the most prominent in today's trading:

HEAVYWEIGHT MARKET LEADERS

+ Rio Tinto, Australia's 2nd largest materials company by market capitalisation, has decreased 1.2% to trade at $A80.45 vs. the All Ordinaries Index which weakened 11.9 points (or 0.2%) to 5,964.4. Representing a weighting of about 7.4% of the index, the stock accounted for 45.1% of today's loss. Trading volume was 74% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price change of -1.0%.

+ Telstra Corporation Limited (ASX:TLS) has decreased 1.1% to trade at $A3.08 vs. the All Ordinaries Index which weakened 8.6 points (or 0.1%) to 5,967.7. Representing a weighting of about 1.8% of the index, the stock accounted for 14.7% of today's loss.

SECTOR BULLS

+ Catapult Group, Australia's 3rd largest technology hardware & equipment company by market capitalisation, has jumped 7.6% to trade at $A1.35 vs. the Technology hardware & equipment sector which strengthened 40.3 points (or 1.6%) to 2,635.8. Representing a weighting of about 10.9% of the sector, the stock accounted for 53.4% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 1.4 times average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price increase of 7.8%.

+ Woolworths Group, Australia's 2nd largest food & staples retailing company by market capitalisation, has increased 0.8% to trade at $A26.70 vs. the S&P/ASX 200 Consumer Staples index which strengthened 20.1 points (or 0.2%) to 10,243.2. Representing a weighting of about 29.5% of the index, the stock accounted for the gain. Trading volume was 25% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price increase of 0.9%.

+ CIMIC Group, Australia's largest capital goods company by market capitalisation, has increased 0.8% to trade at $A44.25 vs. the Capital goods sector which strengthened 12.0 points (or 0.3%) to 3,672.4. Representing a weighting of about 35.5% of the sector, the stock accounted for 90.3% of today's gain. Trading volume was 80% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price increase of 1.0%.

SECTOR BEARS

+ Treasury Wine Estates, Australia's largest food, beverage & tobacco company by market capitalisation, has decreased 0.8% to trade at $A17.51 vs. the Food, beverage & tobacco sector which weakened 64.0 points (or 0.8%) to 7,535.4. Representing a weighting of about 31.3% of the sector, the stock accounted for 31.7% of today's loss. Trading volume was 36% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price change of -0.7%.

+ JB Hi-Fi, Australia's 2nd largest retailer company by market capitalisation, has dropped 2.4% to trade at $A25.27 vs. the Retailing sector which weakened 27.9 points (or 0.4%) to 6,812.3. Representing a weighting of about 10.5% of the sector, the stock accounted for 60.3% of today's loss. Trading volume was 34% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price change of -2.2%.

+ Brambles, Australia's largest commercial & professional services company by market capitalisation, has decreased 0.7% to trade at $A9.64 vs. the Commercial & professional services sector which weakened 20.5 points (or 0.4%) to 5,507.1. Representing a weighting of about 31.5% of the sector, the stock accounted for 61.4% of today's loss. Trading volume was 81% of average at the end of the day. Compared with the All Ordinaries Index which fell 11.9 points (or 0.2%) in the day, this represented a relative price change of -0.5%.

BSS News Bites alerted 52-week Highs in 12 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
Mantra Group hits 52-week high ninth time in one month this morning, closing markedly lower at $A3.94$A3.940.50c [0.13%]$A3.95
Shine Corporate hits 52-week high fifth time in one month this morning, sinking sharply to close at 92.50c92.50c1.50c [1.65%]93.50c
Salmat hits 52-week high tenth time in one month68.0c1.0c [1.49%]68.0c
Ellerston Asian Investment hits 52-week high fourth time in four months this afternoon, sinking sharply to close at $A1.14$A1.141.50c [1.33%]$A1.17
Lakes Oil hits 52-week high Twenty-second time in one month this afternoon, sinking sharply to close at 0.30c0.30c-0.40c

BSS News Bites alerted 52-week Lows in 27 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk Low
AMP hits 52-week low fourth time in one month this morning, recovering well to close at $A4.30$A4.30-2.0c [-0.46%]$A5.47
Village Roadshow hits 52-week low fifth time in one month this morning, closing higher at $A2.37$A2.37-3.0c [-1.25%]$A4.21
Boart Longyear hits 52-week low Twenty-first time in one month1.0c-8.90c
Brainchip Holdings hits 52-week low sixth time in one month this morning, closing higher at 15.0c15.0c0.50c [3.45%]28.50c
Ellex Medical Lasers hits 52-week low third time in one month74.50c-0.50c [-0.67%]$A1.25

BSS News Bites alerted Consecutive Rises in 52 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Cokal up 16.7% in 2 days, it closed at 4.60c4.60c0.50c [12.2%]1.7
Kogi Iron up 15.8% in 2 days, it closed at 12.0c12.0c1.50c [14.29%]0.9
Smart Marine Systems keeps rising: up 17.2% in 3 days, it closed at 3.50c3.50c0.20c [6.06%]4.6
Venture Minerals keeps rising: up 26.5% in 4 days, it closed at 4.10c4.10c0.20c [5.13%]0.5
Adairs keeps rising: up 20.7% in 4 days, it closed at $A2.10$A2.1025.50c [13.82%]3.1

BSS News Bites alerted Consecutive Falls in 46 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
St Barbara keeps sliding: down 3.8% in 3 days, it closed at $A4.24$A4.24-2.0c [-0.47%]0.7
Shaver Shop Group accelerates slide; now down 3.4% in 3 days, it closed at 43.0c43.0c-0.50c [-1.15%]1.1
EML Payments down 2.7% in 2 days, it closed at $A1.24$A1.24-4.0c [-3.13%]0.5
Pro Medicus keeps sliding: down 4.4% in 3 days, it closed at $A7.61$A7.61-16.0c [-2.06%]0.4
HUB24 down 5.0% in 2 days, it closed at $A10.80$A10.80-15.0c [-1.37%]1

BSS News Bites alerted Significant uptrend in 9 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Tando Resources continued its significant uptrend; increased 1.6% this afternoon and closed higher at 98.0c98.0c3.50c [3.7%]0.3
Armour Energy continued its significant uptrend; lifted 2.1% this afternoon and closed higher at 9.90c9.90c0.40c [4.21%]3.3
Beach Energy continued its significant uptrend; increased 0.7% this morning and closed higher at $A1.54$A1.544.0c [2.66%]1
NGE Capital continued its significant uptrend; increased 1.0%51.50c0.50c [0.98%]0
Alumina continued its significant uptrend; increased 0.9% this morning but closed lower at $A2.83$A2.83-4.0c [-1.39%]1.9

BSS News Bites alerted Significant downtrend in 6 Stocks in the afternoon, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Nuheara continued its significant downtrend; dropped 2.2% this afternoon but closed higher at 9.20c9.20c0.20c [2.22%]0.8
Northern Cobalt continued its significant downtrend; dropped 3.4% this morning but closed higher at 29.0c29.0c-0.50c [-1.69%]0.2
Breaker Resources continued its significant downtrend; dropped 3.1% this morning but closed higher at 31.50c31.50c-0.50c [-1.56%]0.8
S2 Resources continued its significant downtrend; tumbled 6.9%13.50c-1.0c [-6.9%]0.8
Perpetual continued its significant downtrend; decreased 1.4% this morning and closed slightly lower at $A39.23$A39.23-62.0c [-1.56%]1.8

BSS News Bites alerted that 35 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Anglo Australian Resources increased 1.2% - outperforming 93% of stocks, it closed at 8.50c8.50c0.10c [1.19%]0.7
Windlab increased 1.2% - outperforming 84% of stocks, it closed at $A1.67$A1.672.0c [1.21%]0.2
Emmerson Resources increased 1.1% - outperforming 93% of stocks, it closed at 9.30c9.30c-0.10c [-1.06%]0.1
POZ Minerals increased 1.1% - outperforming 97% of stocks, it closed at 8.90c8.90c-0.3
RXP Services increased 0.9% - outperforming 80% of stocks, it closed at 53.50c53.50c-0.4

BSS News Bites alerted that 30 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Kazia Therapeutics dropped 2.8% - underperforming 88% of stocks, it closed at 69.0c69.0c-2.0c [-2.82%]0.1
Noxopharm dropped 2.5% - underperforming 95% of stocks, it closed at 86.0c86.0c6.0c [7.5%]1.3
Pepinnini Lithium dropped 3.6% - underperforming 96% of stocks, it closed at 2.60c2.60c-0.20c [-7.14%]0.1
Protean Energy dropped 3.0% - underperforming 93% of stocks, it closed at 3.20c3.20c-0.10c [-3.03%]0.3
Terracom dropped 2.5% - underperforming 89% of stocks, it closed at 20.0c20.0c-0.8