Australian financial markets newsletter

AUSTR

BSS NEWS BITES ALERTS ISSUED FOR AUSTRALIAN MARKET ON THURSDAY 17 AUGUST 2017

NEWS BITES - AUSTRALIA

Total Australian Market up 2.77 points or 0.05% to 5,464.95

BSS News Bites issued 210 Alerts on notable trading amongst the 1,389 Stocks traded on the Total Australian Market today, of which 136 (64%) were Bullish.

Among the sectors, Gold gained 2.53 percent, Metals and Mining added 1.36 percent, while Telecom slipped 9.57 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Telstra, Australia's largest telecommunication company by market capitalisation, has plummeted 10.6% to trade at $A3.87 vs. the All Ordinaries Index which weakened 3.6 points (or 0.06%) to 5,827.2. Representing a weighting of about 2.4% of the index, the stock accounted for the loss. The shares have underperformed 87% of the market in the past week. Trading volume was 6.0 times average at the end of the day. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price change of -10.6%.

SECTOR BULLS

+ Rio Tinto, Australia's 2nd largest materials company by market capitalisation, has increased 1.4% to trade at $A63.61 vs. the S&P/ASX 200 Resources which strengthened 32.6 points (or 0.9%) to 3,511.2. Representing a weighting of about 28.1% of the index, the stock accounted for 41.0% of today's gain. The shares have outperformed 82% of the market in the past one year. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price increase of 1.4%.

+ Brambles, Australia's largest commercial & professional services company by market capitalisation, has increased 1.4% to trade at $A9.84 vs. the Commercial & professional services sector which strengthened 31.4 points (or 0.6%) to 5,118.6. Representing a weighting of about 34.1% of the sector, the stock accounted for 79.3% of today's gain. Trading volume was 71% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price increase of 1.5%.

+ Dexus, Australia's 5th largest real estate company by market capitalisation, has lifted 2.1% to trade at $A9.78 vs. the S&P/ASX200 A-REIT which strengthened 7.1 points (or 0.5%) to 1,338.9. Representing a weighting of about 9.3% of the index, the stock accounted for 36.5% of today's gain. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price increase of 2.1%.

SECTOR BEARS

+ Commonwealth Bank of Australia, Australia's largest bank by market capitalisation, has decreased 0.4% to trade at $A79.55 vs. the Bank sector which weakened 17.0 points (or 0.2%) to 8,021.5. Representing a weighting of about 31.3% of the sector, the stock accounted for 53.7% of today's loss. Trading volume was 1.1 times average at the end of the day. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price change of -0.3%.

+ Woolworths, Australia's 2nd largest food & staples retailing company by market capitalisation, has decreased 0.6% to trade at $A26.97 vs. the Food & staples retailing sector which weakened 6.4 points (or 0.1%) to 6,333.0. Representing a weighting of about 41.0% of the sector, the stock accounted for the loss. Trading volume was 72% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price change of -0.6%.

+ BT Investment Management, Australia's 6th largest diversified financials company by market capitalisation, has dropped 2.5% to trade at $A10.67 vs. the Diversified financials sector which weakened 17.4 points (or 0.2%) to 6,921.5. Representing a weighting of about 3.5% of the sector, the stock accounted for 35.0% of today's loss. Trading volume was 63% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.6 points (or 0.06%) in the day, this represented a relative price change of -2.4%.

BSS News Bites alerted 52-week Highs in 16 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
Goodman Group hits 52-week high third time in two months this morning, sinking sharply to close at $A8.52$A8.528.0c [0.95%]$A8.59
Flight Centre Travel hits 52-week high sixth time in one month this morning, sinking sharply to close at $A47.34$A47.3494.0c [2.03%]$A47.79
Mineral Resources hits 52-week high third time in one month this morning, sinking sharply to close at $A14.47$A14.4751.0c [3.65%]$A14.65
Cadence Capital hits 52-week high fourth time in one month this morning, sinking sharply to close at $A1.29$A1.29-0.50c [-0.38%]$A1.30
Global Geoscience hits 52-week high third time in one month this morning, sinking sharply to close at 22.0c22.0c-0.50c [-2.22%]23.50c

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

HeadlineLastO/all Price Change52-Wk Low
SKY Network Television hits 52-week low twelfth time in one month this morning, closing higher at $A2.98$A2.982.0c [0.68%]$A4.63
Environmental Clean Technologies hits 52-week low seventeenth time in one month1.10c-0.10c [-8.33%]2.30c
Pioneer Resources hits 52-week low ninth time in one month1.60c-0.10c [-5.88%]2.90c
Barrack St Investments hits 52-week low fifth time in six months this morning, closing higher at 84.0c84.0c-98.81c
Azumah Resources hits 52-week low sixth time in one month this morning, closing higher at 2.30c2.30c0.10c [4.55%]-

BSS News Bites alerted Consecutive Rises in 43 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Cann Group keeps rising: up 52.7% in 8 days, it closed at $A1.28$A1.284.0c [3.23%]0.9
Powerhouse Ventures up 30.0% in 2 days, it closed at 38.0c38.0c1.0c [2.7%]1.1
EHR Resources keeps rising: up 11.9% in 3 days, it closed at 10.50c10.50c1.40c [15.38%]30.3
Maxsec Group up 13.8% in 2 days, it closed at 3.50c3.50c0.50c [16.67%]4.4
Oliver's Real Food keeps rising: up 17.6% in 4 days, it closed at 20.50c20.50c1.0c [5.13%]1.5

BSS News Bites alerted Consecutive Falls in 29 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Bravura Solutions down 2.8% in 2 days, it closed at $A1.58$A1.58-1.0c [-0.63%]0
Focus Minerals accelerates slide; now down 4.5% in 2 days, it closed at 43.0c43.0c-0.50c [-1.15%]0.7
Vicinity Centres down 2.7% in 2 days, it closed at $A2.67$A2.67-1.0c [-0.37%]0.8
Vocus Group down 4.2% in 2 days, it closed at $A3.21$A3.21-7.0c [-2.13%]0.5
SEEK down 5.1% in 2 days, it closed at $A17.07$A17.07-19.0c [-1.1%]2.3

BSS News Bites alerted Significant uptrend in 10 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Castillo Copper continued its significant uptrend; lifted 2.6%3.90c0.10c [2.63%]6.4
Suda continued its significant uptrend; climbed 5.3%2.0c0.10c [5.26%]3.5
Buddy Platform continued its significant uptrend; jumped 8.3% this morning but closed lower at 25.50c25.50c1.50c [6.25%]3
Shine Corporate continued its significant uptrend; increased 0.7% this morning but closed lower at 75.0c75.0c-1.0c [-1.32%]3.4
Arafura Resources continued its significant uptrend; lifted 3.5% this morning but closed lower at 8.70c8.70c-3.3

BSS News Bites alerted Significant downtrend in 3 Stocks in the afternoon:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Deep Yellow continued its significant downtrend; sank 4.1% this morning but closed higher at 24.0c24.0c-0.50c [-2.04%]0.9
Sundance Energy Australia continued its significant downtrend; dropped 2.0% this morning but closed higher at 5.0c5.0c-0.3
Iselect continued its significant downtrend; dropped 2.9%$A1.70-5.0c [-2.86%]9.6

BSS News Bites alerted that 32 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Strike Energy jumped 7.2% - outperforming 95% of stocks, it closed at 7.80c7.80c0.90c [13.04%]2.6
Cokal lifted 2.9% - outperforming 98% of stocks, it closed at 6.80c6.80c-0.20c [-2.86%]2.4
KIN Mining lifted 2.6% - outperforming 85% of stocks, it closed at 38.0c38.0c-0.5
Ironbark Zinc soared 15.3% - outperforming 97% of stocks, it closed at 9.80c9.80c1.30c [15.29%]3.2
Independence Group lifted 3.3% - outperforming 80% of stocks, it closed at $A3.44$A3.447.0c [2.08%]0.8

BSS News Bites alerted that 23 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Carnegie Clean Energy decreased 2.0% - underperforming 87% of stocks, it closed at 5.10c5.10c-0.4
ICSGlobal tumbled 6.4% - underperforming 91% of stocks, it closed at $A1.02$A1.02-7.0c [-6.42%]1.4
Pacific Energy decreased 1.6% - underperforming 88% of stocks, it closed at 60.50c60.50c-1.0c [-1.63%]1.4
99 Wuxian sank 5.0% - underperforming 83% of stocks, it closed at 7.60c7.60c-0.40c [-5%]0.1
Aeon Metals tumbled 6.1% - underperforming 97% of stocks, it closed at 14.50c14.50c-2.0c [-12.12%]8.4