Finance News Market Wrap
July 3rd, 2009
The Market Wrap video report for July 03, 2009 has been released.
Please click here to view the report with your Microsoft Media Player.
Friday, 3rd July 2009 Morning Wrap
July 3rd, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (908Kb).
General Advice Only
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In this morning’s wrap…
DOW: down 2.6%
Unemployment 9.5% (26 Year Highs)
Reporting Starts Next Week;
NASDAQ: down 2.6%
Profit Taking
FTSE: down 2.5%
Miners & Energy Weigh;
DAX down 3.8% & CAC down 3.1%
NIKKEI: down 0.6%
Japan: Seven and I (#1 Retailer) Profit down 28%; Sales -11%
Hang Seng down 1.1%
Oil: Down 3.7% ($68)
US Inventories Up; 5 Week Lows
Possible Double Top Setup
Gold: down 1.4% ($930)
Commodities Lower;
USD Higher
SPI down 82 (2.1%)
SPI: Critical Level(s): 3850 to 4050
ASX News
QAN – headwinds – Tiger (domestic SYD to MELB) & Delta (SYD to LA)
BOQ – sells $750m gov’t guaranteed bonds (3 times oversubscribed)
WBC – scraps shareholder benefits package
Materials & Energy stocks to weigh
Banks to weigh
ASX – to open lower
US & UK – poor employment data; light volumes
Northern Energy Corporation Share Purchase Plan
July 3rd, 2009
Northern Energy Corporation (NEC) announced on the 11/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 18/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 22/7/2009. Shares will be issued on 3/8/2009 and begin trading on the 4/8/2009. A maximum of $10,000 can be purchased by each shareholder at $0.35. The offer is underwritten.
Discount : 1.4% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 2 July 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans … use Trader Dealer http://www.traderdealer.com.au/
UK supports Rio’s rights issue
July 2nd, 2009
Rio Tinto’s rights offer has been a big success in the UK, with shareholders taking up 96.97% of the London shares offered, raising around 7.1 billion pounds.
Following this news, major shareholder Chinalco announced it would also take up its full entitlement.
The results of the Australian rights issue are not yet known.
The Rio share price was up this morning on market open:
ASX Code: RIO
Chart from Market Analyser - click here for a free 14-day trial!
For more details on this news story:
Thursday, 2nd July 2009 Morning Wrap
July 2nd, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (978Kb).
General Advice Only
************************************************
In this morning’s wrap…
DOW: up 0.7%
Positive Manufacturing Reoirts;
Schiller Home Price Index Down 18%
NASDAQ: up 0.6%
Chipmakers Lead: Intel up 3%
FTSE: up 2.1%
Miners Lead Recovery;
DAX up 2% & CAC up 2.5%
NIKKEI: down 0.1%
Japan: Toyota Fitch Rating Cut A+ (Annual $5.7bn Loss)
WTO Cuts Trade Forecasts
Oil: Down 1% ($69)
Profit Taking;
Possible Double Top Setup
Gold: up 1.1% ($944) (up 1% FY09)
Commodities Higher;
USD Lower
SPI up 16 (0.4%)
SPI: Critical Level(s): 3850 to 4050
ASX News
BOQ – to suffer from Storm Financial litigation
SUN – New CEO Patrick Snowball – breakup?
China – to Accept Iron Ore at Asian Prices (33% disc); watch BHP/RIO/FMG
PMI shows 4 consecutive months of expansion
Materials & Energy stocks to see recovery;
Banks to hold
ASX – to open higher;
US & UK – positive
Wednesday, 1st July 2009 Morning Wrap
July 1st, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (887Kb).
General Advice Only
*************************************************
In this morning’s wrap…
DOW: down 1% (down 25% FY09)
Consumer Confidence Down (49 vs 55);
Schiller Home Price Index Down 18%
NASDAQ: down 0.5% (down 18% FY09)
Outperforms
FTSE: down 1.1% (down 21% FY09)
Miners & Energy Weigh;
DAX down 1.5% & CAC down 1.8%
NIKKEI: up 1.8% (down 25% FY09)
Japan: Toyota to Boost Production
Hang Seng down 0.8% (holiday)
Oil: Down 2% ($70) (down 50% FY09)
Profit Taking
Gold: down 1.1% ($927) (up 1% FY09)
Commodities Lower;
USD Higher
SPI down 24 (0.6%) (down 23% for FY09)
SPI: Critical Level(s): 3850 to 4050
ASX News
ABS – May report for Retail Trade Data/Build. Approvals
PMI - Australian Performance of Manuf. Index
Materials & Energy stocks to see profit taking;
Banks to be weaker
ASX – to open lower;
US & UK – Weak
New Financial Year
Uranex Share Purchase Plan
July 1st, 2009
Uranex NL (UNX) announced on the 30/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 29/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 31/7/2009. Shares will be issued on 7/8/2009 and begin trading on the 12/8/2009. A maximum of $5,000 can be purchased by each shareholder at $0.46.
Discount : 14.8% Liquidity : Ok Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 30 June 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans … use Trader Dealer http://www.traderdealer.com.au/
OBV: is this the holy grail of trading strategies?
June 30th, 2009
This is one of the better strategies that we have tested and interestingly it is one of the few that incorporates volume.
The On Balance Volume (OBV) indicator is calculated by adding volume to the previous total if the price closes higher, and subtracting volume if the price closes lower. So an up day results in OBV being higher, while a down day results in OBV being lower. On days where the close is the same as the previous close OBV is zero.
Click here to watch the full tutorial.
Click here to download the PDF guide.
By Jeff Cartridge,
Education Manager
Toll scores a $180 million contract
June 30th, 2009
Toll Group has scored a $180 million contract with the Gorgon gas project on Barrow Island, off Western Australia.
Toll’s Energy Division now has a three-year contract to manage the supply base and logistics services for the $50billion project, which will draw gas from Australia’s largest-known gas resource.
The Chevron-led project also has the backing of ExxonMobil and Shell, both with 25% stakes. Other service providers include Demcil Australia, Thiess and Kentz.
ASX Code: TOL
Chart from Market Analyser – click here for a free 14-day trial!
For more details on this news story:
- The Herald Sun: “Toll Group wins $180m gas project contract”
Tuesday, 30th June 2009 Morning Wrap
June 30th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (894Kb).
General Advice Only
*************************************************
In this morning’s wrap
DOW: up 1.1%
NASDAQ: up 0.3%
Apple’s Chief Returns to Work;
Adobe Shuts Down for a Week
FTSE: up 1.3%
Xstrata’s Anglo Offer ($US40bn) Sparks Sector;
DAX up 2.3% and CAC up 2.1%
NIKKEI: down 1%
Japan: Mizuho (#3) to Raise $US6.3bn (after $US6bn loss)
Hang Seng down 0.4%
Oil: up 3.4% ($71) (Flat for Week)
Nigerian Unrest
Gold: Flat ($937)
Commodities Lower;
USD Flat
SPI up 41 (1.1%)
SPI: Critical Level(s): 3850 to 4050
ASX News
LNN – Kirin clears last major hurdle
RIO – Chinalco to take up rights $US1.5bn
Iron Ore – benchmark pricing set to unravel after 40 years
Materials and Energy stocks provide support;
Banks – to offer support
ASX – to open positively;
US and UK – positive lead
30-Jun-09