Australian financial markets newsletter

AUSTR

BSS NEWS BITES ALERTS ISSUED FOR AUSTRALIAN MARKET ON MONDAY 26 JUNE 2017

NEWS BITES - AUSTRALIA

Total Australian Market up 6.99 points or 0.13% to 5,351.8

BSS News Bites issued 259 Alerts on notable trading amongst the 1,512 Stocks traded on the Total Australian Market today, of which 154 (59%) were Bullish.

Among the sectors, Consumer Staples gained 0.76 percent, Utilities added 0.63 percent, while Gold slipped 0.59 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 increased 1.3% to trade at $A59.57 vs. the All Ordinaries Index which strengthened 3.8 points (or 0.07%) to 5,758.4. Representing a weighting of about 5.9% of the index, the stock accounted for the gain. The shares have outperformed 81% of the market in the past one year. Trading volume was 78% of average at the end of the day. Compared with the All Ordinaries Index which rose 3.8 points (or 0.07%) in the day, this represented a relative price increase of 1.2%.

SECTOR BULLS

+ Flight Centre Travel, Australia's 6th largest consumer services company by market capitalisation, has lifted 2.3% to trade at $A39.33 vs. the S&P/ASX 200 Consumer Discretionary index which strengthened 4.8 points (or 0.2%) to 2,248.7. Representing a weighting of about 4.0% of the index, the stock accounted for 43.0% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 93% of average at the end of the day. Compared with the All Ordinaries Index which rose 3.8 points (or 0.07%) in the day, this represented a relative price increase of 2.2%.

+ JB Hi-Fi Limited (ASX:JBH) has increased 1.5% to trade at $A23.31 vs. the Retailing sector which strengthened 18.6 points (or 0.3%) to 6,230.4. Representing a weighting of about 10.9% of the sector, the stock accounted for 55.1% of today's gain.

+ NetComm Wireless Limited (ASX:NTC) has climbed 5.6% to trade at $A1.78 vs. the Technology hardware & equipment sector which strengthened 12.4 points (or 0.5%) to 2,319.1. Representing a weighting of about 12.7% of the sector, the stock accounted for the gain. The shares have outperformed 83% of the market in the past week.

SECTOR BEARS

+ Telstra, Australia's largest telecommunication company by market capitalisation, has decreased 0.2% to trade at $A4.34 vs. the S&P/ASX 200 Telecommunication Services index which weakened 2.6 points (or 0.2%) to 1,529.0. Representing a weighting of about 78.1% of the index, the stock accounted for the loss. Trading volume was 1.1 times average at the end of the day. Compared with the All Ordinaries Index which rose 3.8 points (or 0.07%) in the day, this represented a relative price change of -0.3%.

+ AVEO, Australia's 18th largest real estate company by market capitalisation, has plummeted 11.2% to trade at $A2.71 vs. the Real estate sector which weakened 9.5 points (or 0.3%) to 3,483.3. Representing a weighting of about 0.9% of the sector, the stock accounted for 38.9% of today's loss. The shares have underperformed 95% of the market in the past week. Trading volume was 9.1 times average at the end of the day. Compared with the All Ordinaries Index which rose 3.8 points (or 0.07%) in the day, this represented a relative price change of -11.2%.

+ CSL, Australia's largest pharmaceuticals & biotechnology company by market capitalisation, has decreased 0.4% to trade at $A142.72 vs. the Pharmaceuticals & biotechnology sector which weakened 84.0 points (or 0.5%) to 17,434.6. Representing a weighting of about 89.1% of the sector, the stock accounted for 79.8% of today's loss. Trading volume was 92% of average at the end of the day. Compared with the All Ordinaries Index which rose 3.8 points (or 0.07%) in the day, this represented a relative price change of -0.5%.

BSS News Bites alerted 52-week Highs in 15 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
ASX hits 52-week high second time in one month this morning, sinking sharply to close at $A53.17$A53.1738.0c [0.72%]$A53.75
Fisher & Paykel Healthcare hits 52-week high fourteenth time in one month this morning, decreasing slightly to close at $A10.79$A10.7910.0c [0.94%]$A10.83
Magellan Financial hits 52-week high tenth time in one month this morning, closing slightly lower at $A28.85$A28.8530.0c [1.05%]$A28.86
Flight Centre Travel hits 52-week high sixth time in one month this morning, decreasing slightly to close at $A39.33$A39.3387.0c [2.26%]$A39.44
Air New Zealand hits 52-week high tenth time in one month$A3.168.0c [2.6%]$A3.16

BSS News Bites alerted 52-week Lows in 36 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk Low
AVEO hits 52-week low seventeenth time in one month this morning, closing higher at $A2.71$A2.71-34.0c [-11.15%]$A3.69
Devine hits 52-week low tenth time in one month36.0c-1.0c [-2.7%]51.0c
ITL hits 52-week low eighth time in one month this afternoon, closing higher at 47.50c47.50c-3.50c [-6.86%]$A18.60
Beyond International hits 52-week low third time in one month74.0c-1.0c [-1.33%]$A1.29
WPG Resources hits 52-week low seventeenth time in one month this morning, closing higher at 4.50c4.50c-0.10c [-2.17%]11.50c

BSS News Bites alerted Consecutive Rises in 50 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Mach7 Technologies up 36.4% in 2 days, it closed at 20.0c20.0c8.0c [66.67%]15.8
TV2U International up 66.7% in 2 days, it closed at 1.50c1.50c0.20c [15.38%]6.5
Search Party Group up 33.3% in 2 days, it closed at 1.30c1.30c0.30c [30%]2.2
Aruma Resources up 28.6% in 2 days, it closed at 0.90c0.90c0.10c [12.5%]0
Australian Dairy Farms keeps rising: up 19.0% in 3 days, it closed at 13.0c13.0c1.0c [8.33%]1.9

BSS News Bites alerted Consecutive Falls in 34 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
QBE Insurance down 2.4% in 2 days, it closed at $A11.62$A11.62-26.0c [-2.19%]1.6
Avenira down 5.4% in 2 days, it closed at 7.0c7.0c-0.30c [-4.11%]0.9
TPI Enterprises down 9.1% in 2 days, it closed at $A2.05$A2.05-8.0c [-3.76%]1.7
Tempo Australia accelerates slide; now down 5.3% in 2 days, it closed at 17.50c17.50c-1.0c [-5.41%]0.2
Animoca Brands accelerates slide; now down 8.0% in 2 days, it closed at 2.30c2.30c-0.10c [-4.17%]0.6

BSS News Bites alerted Significant uptrend in 11 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
iSentia Group continued its significant uptrend; increased 1.0% this morning and closed higher at $A2.09$A2.095.0c [2.45%]0.8
Blue Sky Alternative Investments continued its significant uptrend; increased 1.2% this morning and closed higher at $A9.20$A9.2015.0c [1.66%]0.4
Neuren Pharmaceuticals continued its significant uptrend; jumped 6.1%7.0c0.40c [6.06%]0.9
ALS continued its significant uptrend; increased 0.7% this morning but closed slightly lower at $A7.20$A7.204.0c [0.56%]1.4
BWX continued its significant uptrend; increased 1.0% this morning but closed slightly lower at $A5.84$A5.845.0c [0.86%]0.6

BSS News Bites alerted Significant downtrend in 4 Stocks in the afternoon:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Pointerra continued its significant downtrend; sank 4.3% this morning but closed higher at 2.30c2.30c-0.8
Freedom Oil and Gas continued its significant downtrend; dropped 3.2% this morning but closed higher at 9.20c9.20c-0.10c [-1.08%]0.9
Anteo Diagnostics continued its significant downtrend; sank 5.9%1.60c-0.10c [-5.88%]1.8
Bannerman Resources continued its significant downtrend; tumbled 6.1%3.10c-0.20c [-6.06%]2.2

BSS News Bites alerted that 31 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Walkabout Resources lifted 3.4% - outperforming 93% of stocks, it closed at 6.0c6.0c0.10c [1.69%]0.3
Syrah Resources lifted 2.2% - outperforming 86% of stocks, it closed at $A2.72$A2.723.0c [1.12%]0.7
Cooper Energy lifted 2.6% - outperforming 93% of stocks, it closed at 39.0c39.0c1.0c [2.63%]4.5
Transurban Group increased 0.7% - outperforming 81% of stocks, it closed at $A12.57$A12.57-3.0c [-0.24%]0.7
Skyfii increased 1.2% - outperforming 91% of stocks, it closed at 8.20c8.20c0.10c [1.23%]0.5

BSS News Bites alerted that 19 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Sayona Mining tumbled 7.1% - underperforming 97% of stocks, it closed at 1.30c1.30c-0.10c [-7.14%]0.5
Corum Group tumbled 6.7% - underperforming 90% of stocks, it closed at 4.30c4.30c-0.20c [-4.44%]1.1
Buru Energy sank 5.9% - underperforming 93% of stocks, it closed at 16.50c16.50c-0.50c [-2.94%]1.7
Immuron tumbled 7.9% - underperforming 99% of stocks, it closed at 27.0c27.0c-4.50c [-14.29%]6
Terracom dropped 3.7% - underperforming 94% of stocks, it closed at 2.70c2.70c-0.5