Australian Sector Weekly: Market capitalization of the Bank sector rises 0.4%
Friday May 22, 2020


In the past week market capitalization of the Australian Bank sector rose 0.4% or $A990.8 million to $A260.3 billion. During the week amongst the 13 Stocks traded in the Bank sector, 7 (53.8%) declined and 6 (46.2%) advanced.

AUSTRALIAN BANK SECTOR WEEK'S TRADING SNAPSHOT

StocksNo.%
Declined753.8
Advanced646.2
Total13100


AUSTRALIAN DOLLAR EXCHANGE RATES
During the week, the Australian Dollar rose against the following currencies:

FXClose May 22May 18Week's Change %YTD change %
AUD/USD0.65390.6431.31-6.68
AUD/EUR0.59830.59430.17-4.31
AUD/JPY70.270568.89521.54-7.75
AUD/GBP0.53520.53141.250.19
AUD/CAD0.91560.90560.990.16
AUD/CHF0.6350.62481.11-6.36
AUD/CNY4.65594.57091.59-4.78
AUD/HKD5.07054.98391.35-7.05
AUD/KRW808.4679792.96171.85-0.21
AUD/SGD0.92930.91731.09-1.55
AUD/NOK6.55686.56180.066.15


During the week, the Australian Dollar fell against the following currencies:

FXClose May 22May 18Week's Change %YTD change %
AUD/NZD1.07031.0806-0.72.8
AUD/SEK6.31056.3292-0.29-3.69
AUD/MXN15.039615.358-2.4413.39

SECTION 1 TOP FIVE STOCKS BY DIVIDEND YIELD

Company NameLast, AUD% Yield
Bendigo and Adelaide Bank (BEN)5.5711.8
Mortgage Choice (MOC)0.669.1
Auswide Bank (ABA)4.358.2
Mystate (MYS)3.77.8
Australian Finance (AFG)1.467.8

SECTION 2 TOP FIVE STOCKS WITH LOWEST P/E

Company NameLast, AUDP/E
Mortgage Choice (MOC)0.666
Bank of Queensland (BOQ)4.776.5
Resimac Group (RMC)0.816.8
Bendigo and Adelaide Bank (BEN)5.577.2
Genworth Mortgage Insurance Australia (GMA)2.077.2


SECTION 3 BULLISH SIGNALS: TECHNICALS

3.1 Top Five on price rises

Company NameLast, AUDPrice ChangeComment
Australian Finance (AFG)1.4622c [17.8%]Volume 4.3 times average
Virgin Money UK (VUK)1.4712c [8.9%]Price rise on rising relative strength
Resimac Group (RMC)0.811.5c [1.9%]Price rise on rising relative strength
Mortgage Choice (MOC)0.661c [1.5%]Price rise on beating relative strength
Mystate (MYS)3.74c [1.1%]Price rise on rising relative strength


SECTION 4 BEARISH SIGNALS: TECHNICALS

4.1 Bottom Five on price falls

Company NameLast, AUDPrice ChangeComment
Genworth Mortgage Insurance Australia (GMA)2.07-18c [-8.0%]Price/MAP200 below 1 and falling
Auswide Bank (ABA)4.35-12c [-2.7%]Price/MAP200 below 1 and falling
Bendigo and Adelaide Bank (BEN)5.57-13c [-2.3%]Price/MAP50 below 1 and falling
Westpac Banking (WBC)15.01-25c [-1.6%]Price/MAP50 below 1 and falling
Commonwealth Bank (CBA)58.7-90c [-1.5%]Price/MAP50 below 1 and falling


SECTION 5 TOP THREE AND BOTTOM THREE

5.1 Week's MCap changes of Heavyweights
Top three Stocks

Company NameLast, AUDMCap rise $USMMCap Last $US
Virgin Money UK (VUK)$A1.47172.62.1 B
Australian Finance (AFG)$A1.4647.4313.7
Bank of Queensland (BOQ)$A4.7722.72.2 B


Bottom three Stocks

Company NameLast, AUDMCap fall $USMCap Last $USB
Commonwealth Bank (CBA)$A58.71.6 B103.9
Westpac Banking (WBC)$A15.01902.9 M54.2
Australia and New Zealand Banking (ANZ)$A15.23595.6 M43.2


5.2 Present Value Changes For AUD1,000 invested one week ago
Top three Stocks

Company NameLast, AUDPV$A1000 [1week]
Australian Finance (AFG)1.461,178
Virgin Money UK (VUK)1.471,089
Resimac Group (RMC)0.811,019


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1week]
Genworth Mortgage Insurance Australia (GMA)2.07920
Auswide Bank (ABA)4.35973
Bendigo and Adelaide Bank (BEN)5.57977


5.3 Present Value Changes For AUD1,000 invested one year ago
Top three Stocks

Company NameLast, AUDPV$A1000 [1year]
Resimac Group (RMC)0.811,491
Genworth Mortgage Insurance Australia (GMA)2.071,179
Australian Finance (AFG)1.461,129


Bottom three Stocks

Company NameLast, AUDPV$A1000 [1year]
Virgin Money UK (VUK)1.47416
Westpac Banking (WBC)15.01552
Bank of Queensland (BOQ)4.77557

SECTION 6 The past week

DayHeadlineMCap change %Comment
FridayBank sector slumps 41.9 points or 0.9% to 4,743.1, trailing 73.2% of market 0 
ThursdayBank sector slumps 54.2 points or 1.1% to 4,785.0, trailing 71.5% of market -0.8 
WednesdayBank sector rises 30.0 points (0.6%)0.2 
TuesdayBank sector rises 84.2 points or 1.8% to 4,809.3 on firm volume -0Top Rise
MondayBank sector slumps 79.5 points or 1.6% to 4,725.1 on high volatility -2.8Steepest Fall


SECTION 7 ANNOUNCEMENTS

7.1 Substantial Shareholders Buying

CodeExcerptsSource
AFGCommonwealth Bank of Australia ACN bought 512,079 shares worth $A614,495 ($US395,524) of Australian Finance (ASX:AFG) on May 14, becoming a substantial shareholder with 512,079 shares. The last price was $A1.20. BuySellSignals
BENUSB Group AG bought 29,021,337 shares worth $A164,260,767 ($US105,727,593) of Bendigo and Adelaide Bank (ASX:BEN) on May 13, becoming a substantial shareholder with 29,021,337 shares. The last price was $A5.70. BuySellSignals


7.2 Substantial Shareholders Selling

CodeExcerptsSource
BENBendigo and Adelaide Bank (ASX:BEN) substantial shareholder UBS Group sold 60,000 shares worth $A342,000 ($US223,157) on May 15. The selling price was $A5.70. BuySellSignals
BENBendigo and Adelaide Bank (ASX:BEN) substantial shareholder UBS Group sold 3,928 shares worth $A22,390 ($US14,609) on May 15. The selling price was $A5.70. BuySellSignals
BENBendigo and Adelaide Bank (ASX:BEN) substantial shareholder UBS Group sold 8,070 shares worth $A45,999 ($US30,015) on May 15. The selling price was $A5.70. BuySellSignals
BENBendigo and Adelaide Bank (ASX:BEN) substantial shareholder UBS Group sold 46,851 shares worth $A264,240 ($US172,418) on May 14. The selling price was $A5.64. BuySellSignals


7.3 People in Business

CodeExcerptSource
MOCSean Clancy was appointed Independent Non-Executive Director of Mortgage Choice (ASX:MOC) eleven years ago on May 18, 2009. The present value of AUD1,000 (PV1000) invested on the appointment date is $A5,666, for a capital gain of $A591 and dividend reinvested of $A4,075. In the same period the shares were up 59.1% from 40.2c to 64.0c. BuySellSignals


SECTION 8 ECONOMIC INDICATORS

8.1 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% YTD
Gold1,7222.02Troy Ounce13.9
Silver17.3616.72Troy Ounce-3.2
Copper2.439.08Pound-14.8
Crude oil33.92193.17Barrel-40.8
Natural gas1.71-6.1MMBTU-25.2
Class iii milk12.2-8.75100 Pounds-36.9
Corn3182.72100 Bushels-18
Soyabean oil27.126.73100 Pounds-21.4
Soyabean8350.41100 Bushels-11.5


8.2 Against principal global indices, these markets compared today as:

IndicesCloseWeek's Change %% YTD Change
This Market   
All Ordinaries5,6092.1-16.78
S&P/ASX 2005,4971.7-16.96
Compare with:   
FTSE 1006,0205.0-20.19
Dow Jones Industrials24,4743.6-14.24
S&P 5002,9493.4-8.74
Nikkei 22520,3881.8-13.12
HSI22,972-3.5-13.87


8.3 Macro Economic Indicators: Australia

IndicatorValue
GDP (USD Billion)1,450
GDP growth yoy (%)2.2
Interest rate (%)0.25
Inflation rate (%)2.2
Public debt (USD) (billion)400.9
Public debt per person (USD)16,819
Total annual debt change (%)0.5
Debt to GDP ratio (%)45.1
Budget Deficit to GDP(%)0.2
Current account Surplus to GDP(%)0.2
Population (million)23.9


8.4 Australia Sovereign Bonds [with Change in basis points]

Term of MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year0.2562.5-65
Australia 5-Year0.4023.4-59
Australia 10-Year0.975.2-40
Australia 15-Year1.283-1.6-20


Australian Rating Summary

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa  
S&PAAA Extremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAA Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONG AA+"AA" ratings denote expectations of very low default risk. It indicates that the issuer has a very strong capacity for payment of financial commitments. Although due to its relatively higher long-term risk, this capacity is not significantly vulnerable to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.


Source: www.BuySellSignals.com