Australian financial markets newsletter

AUSTR

BSS NEWS BITES ALERTS ISSUED FOR AUSTRALIAN MARKET ON FRIDAY 17 AUGUST 2018

NEWS BITES - AUSTRALIA

Total Australian Market up 12.21 points or 0.2% to 6,067.17

BSS News Bites issued 274 Alerts on notable trading amongst the 1,558 Stocks traded on the Total Australian Market today, of which 172 (62%) were Bullish.

Among the sectors, REIT Trusts gained 1.4 percent, IT added 1.32 percent, while Gold slipped 1.69 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Goodman Group, Australia's 2nd largest real estate company by market capitalisation, has climbed 5.3% to trade at $A10.58 vs. the All Ordinaries Index which strengthened 13.6 points (or 0.2%) to 6,426.2. Representing a weighting of about 0.9% of the index, the unit accounted for 22.3% of today's gain. The units have outperformed 88% of the market in the past week. Trading volume was 1.5 times average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price increase of 5.1%.

+ Westpac Banking Corporation (ASX:WBC) has increased 0.7% to trade at $A30.39 vs. the All Ordinaries Index which strengthened 13.0 points (or 0.2%) to 6,425.6. Representing a weighting of about 4.9% of the index, the stock accounted for 17.1% of today's gain.

SECTOR BULLS

+ Harvey Norman, Australia's largest retailer company by market capitalisation, has lifted 3.0% to trade at $A3.78 vs. the Retailing sector which strengthened 41.4 points (or 0.6%) to 7,412.5. Representing a weighting of about 14.0% of the sector, the stock accounted for 74.9% of today's gain. The shares have outperformed 91% of the market in the past week. Trading volume was 1.8 times average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price increase of 2.8%.

+ Ausdrill, Australia's 8th largest capital goods company by market capitalisation, has soared 19.4% to trade at $A1.95 vs. the Capital goods sector which strengthened 12.2 points (or 0.3%) to 4,263.6. Representing a weighting of about 1.5% of the sector, the stock accounted for 99.5% of today's gain. The shares have outperformed 97% of the market in the past week. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price increase of 19.2%.

+ Link Administration Holdings, Australia's 4th largest software & services company by market capitalisation, has jumped 6.3% to trade at $A8.07 vs. the S&P/ASX 200 Information Technology index which strengthened 15.4 points (or 1.3%) to 1,185.3. Representing a weighting of about 14.6% of the index, the stock accounted for 69.7% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 5.0 times average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price increase of 6.1%.

SECTOR BEARS

+ BHP Billiton, Australia's largest materials company by market capitalisation, has decreased 0.2% to trade at $A32.77 vs. the S&P/ASX 300 Metals and Mining (Industry) which weakened 12.9 points (or 0.4%) to 3,619.4. Representing a weighting of about 42.3% of the index, the stock accounted for 24.7% of today's loss. Trading volume was 55% of average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price change of -0.4%.

+ Evolution Mining, Australia's 14th largest materials company by market capitalisation, has dropped 3.9% to trade at $A2.74 vs. the S&P/ASX All Ordinaries Gold which weakened 80.3 points (or 1.7%) to 4,660.0. Representing a weighting of about 12.7% of the index, the stock accounted for 28.9% of today's loss. Trading volume was 1.9 times average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price change of -4.1%.

+ Rio Tinto Limited (ASX:RIO) has decreased 0.8% to trade at $A72.34 vs. the S&P/ASX 200 Resources which weakened 12.9 points (or 0.3%) to 4,246.5. Representing a weighting of about 26.1% of the index, the stock accounted for 69.7% of today's loss.

BSS News Bites alerted 52-week Highs in 23 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
CSL hits 52-week high third time in one month this morning, sinking sharply to close at $A215.85$A215.85-106.0c [-0.49%]$A217.74
Downer EDI hits 52-week high sixth time in one month this morning, sinking sharply to close at $A7.70$A7.7019.0c [2.53%]$A7.97
Mount Gibson Iron hits 52-week high third time in one month this morning, sinking sharply to close at 48.0c48.0c-2.50c [-4.95%]51.50c
Dicker Data hits 52-week high third time in one month this morning, sinking sharply to close at $A3.10$A3.102.40c [0.78%]$A3.13
OFX Group hits 52-week high ninth time in one month this morning, sinking sharply to close at $A2.04$A2.04-1.0c [-0.49%]$A2.11

BSS News Bites alerted 52-week Lows in 21 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk Low
Medical Developments hits 52-week low seventh time in one month this morning, closing higher at $A3.99$A3.991.0c [0.25%]$A8.05
Apiam Animal Health hits 52-week low sixteenth time in one month this morning, closing higher at 54.0c54.0c-0.50c [-0.92%]93.08c
Focus Minerals hits 52-week low fifth time in two months22.50c-1.50c [-6.25%]45.0c
Peak Resources hits 52-week low fifth time in one month this afternoon, closing higher at 3.10c3.10c-0.10c [-3.12%]6.90c
Sensera hits 52-week low fifteenth time in one month11.50c-0.54c [-4.49%]40.93c

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.)
Hammer Metals keeps rising: up 55.6% in 4 days, it closed at 2.90c2.90c0.20c [7.41%]2.3
Mobecom up 27.3% in 2 days, it closed at 16.0c16.0c3.0c [23.08%]1.3
Kollakorn up 33.3% in 2 days, it closed at 1.30c1.30c0.30c [30%]7.1
Vault Intelligence up 28.6% in 2 days, it closed at 2.80c2.80c0.60c [27.27%]15.1
Tanga Resources up 25.0% in 2 days, it closed at 1.0c1.0c0.10c [11.11%]0.2

BSS News Bites alerted Consecutive Falls in 39 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Cabcharge Australia down 3.9% in 2 days, it closed at $A2.26$A2.26-4.0c [-1.74%]0.6
BHP Billiton keeps sliding: down 3.3% in 3 days, it closed at $A32.77$A32.77-7.0c [-0.21%]0.6
Ardea Resources down 5.0% in 2 days, it closed at 76.0c76.0c-1.0c [-1.3%]0.2
Galilee Energy down 4.7% in 2 days, it closed at 71.50c71.50c-0.50c [-0.69%]0.8
Encounter Resources down 4.7% in 2 days, it closed at 6.10c6.10c-0.10c [-1.61%]0.8

BSS News Bites alerted Significant uptrend in 12 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Kina Securities continued its significant uptrend; increased 2.0% this morning and closed higher at $A1.09$A1.098.50c [8.42%]2.9
QBE Insurance continued its significant uptrend; increased 1.1% this morning and closed higher at $A11.10$A11.1021.0c [1.93%]2.2
NIB Holdings continued its significant uptrend; increased 0.9% this morning and closed higher at $A6.59$A6.5911.0c [1.7%]1.4
Hazer Group continued its significant uptrend; lifted 3.6%29.0c1.0c [3.57%]0.5
Genworth Mortgage Insurance Australia continued its significant uptrend; increased 1.1%$A2.873.0c [1.06%]1.4

BSS News Bites alerted Significant downtrend in 9 Stocks in the afternoon, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Peel Mining continued its significant downtrend; dropped 3.6% this afternoon but closed higher at 42.50c42.50c0.50c [1.19%]0
Superior Lake Resources continued its significant downtrend; dropped 3.3% this afternoon but closed higher at 3.0c3.0c-1.7
Bounty Mining continued its significant downtrend; dropped 3.3% this afternoon but closed higher at 30.0c30.0c-0.50c [-1.64%]0.6
Bass Metals continued its significant downtrend; sank 4.2%2.30c-0.10c [-4.17%]0.6
MaxiTRANS Industries continued its significant downtrend; dropped 2.9%49.50c-1.50c [-2.94%]1.9

BSS News Bites alerted that 42 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
The Agency Group Australia jumped 9.1% - outperforming 98% of stocks, it closed at 1.20c1.20c0.10c [9.09%]2.2
Australis Oil & Gas lifted 3.1% - outperforming 90% of stocks, it closed at 48.0c48.0c-1.0c [-2.04%]1
Gulf Manganese jumped 6.2% - outperforming 99% of stocks, it closed at 1.90c1.90c0.30c [18.75%]8.3
Crusader Resources lifted 3.5% - outperforming 98% of stocks, it closed at 3.10c3.10c0.20c [6.9%]0.9
Dotz Nano climbed 5.3% - outperforming 95% of stocks, it closed at 9.50c9.50c-1.3

BSS News Bites alerted that 17 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Neuren Pharmaceuticals dropped 2.7% - underperforming 96% of stocks, it closed at $A1.30$A1.30-1.50c [-1.14%]1.7
Aguia Resources tumbled 6.1% - underperforming 99% of stocks, it closed at 15.0c15.0c-1.50c [-9.09%]4.5
Danakali dropped 2.5% - underperforming 94% of stocks, it closed at 78.0c78.0c-2.0c [-2.5%]0.5
Sayona Mining dropped 2.9% - underperforming 98% of stocks, it closed at 3.30c3.30c-0.10c [-2.94%]0.1
Northern Cobalt sank 4.2% - underperforming 98% of stocks, it closed at 14.50c14.50c2.50c [20.83%]0.4