Australian financial markets newsletter

AUSTR

BSS NEWS BITES ALERTS ISSUED FOR AUSTRALIAN MARKET ON WEDNESDAY 18 OCTOBER 2017

NEWS BITES - AUSTRALIA

Total Australian Market down 4.24 points or -0.08% to 5,643.05

BSS News Bites issued 261 Alerts on notable trading amongst the 1,495 Stocks traded on the Total Australian Market today, of which 105 (40%) were Bearish.

Among the sectors, Telecom slipped 1.6 percent, Consumer Discretionary weakened 0.99 percent, while Utilities gained 1.21 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Brambles Limited (ASX:BXB) has lifted 3.6% to trade at $A9.59 vs. the All Ordinaries Index which strengthened 1.0 points (or 0.02%) to 5,959.1. Representing a weighting of about 0.8% of the index, the stock accounted for the gain.

SECTOR BULLS

+ CSL, Australia's largest pharmaceuticals & biotechnology company by market capitalisation, has increased 1.8% to trade at $A141.45 vs. the S&P/ASX 200 Health Care index which strengthened 261.3 points (or 1.1%) to 23,928.8. Representing a weighting of about 48.4% of the index, the stock accounted for 79.2% of today's gain. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price increase of 1.9%.

+ St Barbara, Australia's 28th largest materials company by market capitalisation, has soared 11.2% to trade at $A2.98 vs. the S&P/ASX All Ordinaries Gold which strengthened 12.7 points (or 0.3%) to 4,567.7. Representing a weighting of about 4.4% of the index, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 2.0 times average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price increase of 11.2%.

+ Wesfarmers, Australia's largest food & staples retailing company by market capitalisation, has increased 0.3% to trade at $A42.75 vs. the Food & staples retailing sector which strengthened 14.2 points (or 0.2%) to 6,284.3. Representing a weighting of about 57.2% of the sector, the stock accounted for 87.0% of today's gain. Trading volume was 69% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price increase of 0.4%.

SECTOR BEARS

+ Yancoal Australia, Australia's 6th largest energy company by market capitalisation, has sunk 4.2% to trade at 11.50c vs. the Energy sector which weakened 14.5 points (or 0.4%) to 4,016.6. Representing a weighting of about 5.2% of the sector, the stock accounted for 60.1% of today's loss. Trading volume was 4.5 times average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price change of -4.1%.

+ Rio Tinto, Australia's 2nd largest materials company by market capitalisation, has decreased 0.8% to trade at $A70.92 vs. the S&P/ASX 300 Metals and Mining (Industry) which weakened 10.1 points (or 0.3%) to 3,299.2. Representing a weighting of about 34.5% of the index, the stock accounted for 84.5% of today's loss. Trading volume was 91% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price change of -0.7%.

+ Westpac Banking, Australia's 2nd largest bank by market capitalisation, has decreased 0.5% to trade at $A33.26 vs. the Bank sector which weakened 3.8 points (or 0.05%) to 8,108.5. Representing a weighting of about 25.4% of the sector, the stock accounted for the loss. Trading volume was 54% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price change of -0.4%.

BSS News Bites alerted 52-week Highs in 25 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
Qantas Airways hits 52-week high tenth time in one month this morning, sinking sharply to close at $A6.39$A6.39-4.0c [-0.62%]$A6.53
Wisetech Global hits 52-week high eleventh time in one month this morning, sinking sharply to close at $A10.60$A10.6017.0c [1.63%]$A10.77
Abacus Property hits 52-week high eleventh time in one month this morning, sinking sharply to close at $A3.88$A3.883.0c [0.78%]$A3.90
Emeco Holdings hits 52-week high fifteenth time in one month24.50c0.50c [2.08%]24.50c
Kathmandu Holdings hits 52-week high sixth time in one month this morning, sinking sharply to close at $A2.20$A2.20-2.0c [-0.9%]$A2.23

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

HeadlineLastO/all Price Change52-Wk Low
Boart Longyear hits 52-week low ninth time in one month this morning, closing higher at 1.40c1.40c-15.0c
Peninsula Energy hits 52-week low second time in one month this morning, closing higher at 32.0c32.0c0.50c [1.59%]91.0c
China Dairy Corporation hits 52-week low thirteenth time in one month this morning, closing higher at 7.30c7.30c0.10c [1.39%]17.15c
Asia Pacific Digital hits 52-week low second time in two months14.0c-2.0c [-12.5%]65.0c
Carbine Resources hits 52-week low fourth time in one month this afternoon, closing higher at 7.0c7.0c-0.50c [-6.67%]18.50c

BSS News Bites alerted Consecutive Rises in 47 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Australian Mines keeps rising: up 155.0% in 5 days, it closed at 4.80c4.80c1.40c [41.18%]23.2
Spectur keeps rising: up 37.0% in 5 days, it closed at 39.0c39.0c4.0c [11.43%]3.1
Resource Mining up 27.3% in 2 days, it closed at 1.50c1.50c0.30c [25%]16.1
Kingsgate Consolidated keeps rising: up 25.9% in 5 days, it closed at 38.50c38.50c2.50c [6.94%]3.7
Metro Mining keeps rising: up 36.8% in 5 days, it closed at 25.0c25.0c1.0c [4.17%]3.1

BSS News Bites alerted Consecutive Falls in 47 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
HFA Holdings down 2.1% in 2 days, it closed at $A2.99$A2.99-7.0c [-2.29%]0.8
Data#3 down 4.5% in 2 days, it closed at $A1.83$A1.83-2.0c [-1.08%]0.9
CSG accelerates slide; now down 3.3% in 2 days, it closed at 59.0c59.0c-1.50c [-2.48%]0.5
Lithium Power International keeps sliding: down 7.4% in 3 days, it closed at 45.0c45.0c-0.50c [-1.1%]1.9
Botanix Pharmaceuticals down 6.2% in 2 days, it closed at 4.50c4.50c-0.10c [-2.17%]0.2

BSS News Bites alerted Significant uptrend in 17 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
HearMeOut continued its significant uptrend; lifted 2.9% this morning and closed higher at 20.0c20.0c2.50c [14.29%]7.1
OncoSil Medical continued its significant uptrend; jumped 7.4% this morning and closed higher at 15.50c15.50c2.0c [14.81%]3.1
Novita Healthcare continued its significant uptrend; lifted 2.7% this afternoon and closed higher at 4.0c4.0c0.30c [8.11%]3.6
Onevue Holdings continued its significant uptrend; lifted 2.2% this morning and closed higher at 73.0c73.0c4.0c [5.8%]3.4
Bellamy's Australia continued its significant uptrend; increased 0.9% this morning and closed higher at $A11.40$A11.4021.0c [1.88%]1.2

BSS News Bites alerted Significant downtrend in 8 Stocks in the afternoon, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Martin Aircraft continued its significant downtrend; dropped 2.0% this afternoon but closed higher at 5.20c5.20c0.20c [4%]1.5
Maxsec Group continued its significant downtrend; tumbled 8.0% this afternoon but closed higher at 2.40c2.40c-0.10c [-4%]1.5
Cooper Energy continued its significant downtrend; decreased 1.9% this morning but closed higher at 26.50c26.50c-0.5
Northern Minerals continued its significant downtrend; decreased 1.7%11.50c-0.20c [-1.71%]0.7
Ainsworth Game Technology continued its significant downtrend; decreased 0.8%$A2.38-2.0c [-0.83%]0.5

BSS News Bites alerted that 29 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Clancy Exploration soared 50.0% - outperforming 99% of stocks, it closed at 0.40c0.40c-17.7
American Pacific Borate & Lithium jumped 9.6% - outperforming 89% of stocks, it closed at 45.50c45.50c4.0c [9.64%]1.4
Riva Resources soared 14.3% - outperforming 98% of stocks, it closed at 1.0c1.0c0.30c [42.86%]2.7
Primary Gold lifted 3.9% - outperforming 91% of stocks, it closed at 5.40c5.40c0.30c [5.88%]2.7
IPB Petroleum jumped 6.7% - outperforming 98% of stocks, it closed at 1.60c1.60c0.10c [6.67%]2.7

BSS News Bites alerted that 25 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
MSL Solutions sank 4.2% - underperforming 93% of stocks, it closed at 23.0c23.0c-1.0c [-4.17%]2.5
Heron Resources dropped 2.5% - underperforming 87% of stocks, it closed at 7.90c7.90c-0.20c [-2.47%]4.4
Comet Ridge tumbled 7.1% - underperforming 94% of stocks, it closed at 19.50c19.50c-1.50c [-7.14%]0.5
Telstra decreased 1.0% - underperforming 86% of stocks, it closed at $A3.49$A3.49-6.0c [-1.69%]1.1
Perseus Mining decreased 1.4% - underperforming 85% of stocks, it closed at 34.0c34.0c-0.50c [-1.45%]0.5