Australia Sector Weekly- Bank sector
Top Movers and Top Value
END-OF-WEEK Friday April 19, 2024In the past week market capitalization of the Australian Bank sector fell 2.4% or $A11.6 billion to $A481.8 billion. During the week amongst the 13 stocks traded in the Bank sector, there were 10 (76.9%) falls and 2 (15.4%) rises. one stock (7.7%) was unchanged.
Friday's value down
Bank sector falls in 4 out of last 5 days
The Bank sector has fallen 83.0 points (or 0.9%) to close at 8,778. Compared with the All Ordinaries Index which fell 81.5 points (or 1%) on the day, this represented a relative price increase of 0.1%.
The sector fell in four out of last 5 trading days, for a 5-day fall of 2.9% to close at 8,778.
| Movers | No. | % |
| Falls | 10 | 76.9 |
| Rises | 2 | 15.4 |
| Unchanged | 1 | 7.7 |
| Total | 13 | 100 |
BANK SECTOR DASHBOARD [Sector averages and MCap in US Dollars, USD] End-of-Day
| Exchange | Australian | Return on Equity (ROE) | 10.72 |
| Price to Book (P/NTA) | 1.77 | Return on Assets(ROA) | 0.67 |
| P/E | 14.85 | PV$1000 (1 yr) | 1,092.68 |
| Dividend Yield % (TTM) | 5.01 | Total Market Cap | USD 310.1 billion |
| EPS Growth | 2.76 |
SECTION 1 TODAY'S TOP TWO PRICE RISES [in desc order of % price rise]
| Name | Code | Close, AUD | Change | Change % | Comment |
| Bank of Queensland | BOQ | 6.14 | 26c | 4.4% | High Momentum Up. Volume 2 times average |
| Helia Group | HLI | 3.87 | 4c | 1.0% | Below Average Momentum Up. Volume 0.8 times average |
SECTION 2 TODAY'S STEEPEST FALLS: BOTTOM FIVE [in asc order of % price fall/(negative price change)]
| Name | Code | Close, AUD | Change | Change % | Comment |
| Heartland Group Holdings | HGH | 0.95 | -8.5c | -8.2% | Spectacular Momentum Down. Volume 12.4 times average |
| Australian Finance | AFG | 1.5 | -12c | -7.4% | Thin Momentum Down. |
| Commonwealth Bank | CBA | 111.86 | $A-4.38 | -3.8% | Average Momentum Down. |
| National Australia Bank | NAB | 33.06 | $A-1.09 | -3.2% | Below Average Momentum Down. |
| ANZ Group Holdings | ANZ | 28.25 | -70c | -2.4% | Weak Momentum Down. |
SECTION 3 TOP FIVE STOCKS BY DIVIDEND YIELD % [in desc order of % dividend yield]
| Name | Code | % Yield | Comment |
| Helia Group | HLI | 15.2 | Past 12 months DPS: 59.0c; Last price: $A3.87; Dividend yield: 15.2%; The dividend yield of 15.2% is 3.5 times the triple-A bond yield of 4.4%.; |
| Heartland Group Holdings | HGH | 9.7 | Past 12 months DPS: 9.28c; Last price: 95.50c; Dividend yield: 9.7%; The dividend yield of 9.7% is 2.2 times the triple-A bond yield of 4.4%.; |
| Resimac Group | RMC | 7.4 | Past 12 months DPS: 7.50c; Last price: $A1.01; Dividend yield: 7.4%; The dividend yield of 7.4% is 1.7 times the triple-A bond yield of 4.4%.; |
| Auswide Bank | ABA | 7.3 | Past 12 months DPS: 32.0c; Last price: $A4.38; Dividend yield: 7.3%; The dividend yield of 7.3% is 1.7 times the triple-A bond yield of 4.4%.; |
| Bank of Queensland | BOQ | 6.7 | Past 12 months DPS: 41.0c; Last price: $A6.14; Dividend yield: 6.7%; The dividend yield of 6.7% is 1.5 times the triple-A bond yield of 4.4%.; |
SECTION 4 TOP FIVE STOCKS WITH LOWEST P/E [in asc order of P/E]
| Name | Code | P/E | Comment |
| Helia Group | HLI | 4.5 | Last price: $A3.87; FY 2023 EPS: 85.0c; P/E: 4.5; |
| Resimac Group | RMC | 5.9 | Last price: $A1.01; FY 2023 EPS: 17.0c; P/E: 5.9; |
| Heartland Group Holdings | HGH | 7.4 | Last price: 95.50c; FY 2023 EPS: 14.0c; P/E: 7.4; |
| Auswide Bank | ABA | 7.8 | Last price: $A4.38; FY 2023 EPS: 56.0c; P/E: 7.8; |
| Virgin Money UK | VUK | 8.9 | Last price: $A4.12; FY 2023 EPS: 24.0c; P/E: 8.9; |
SECTION 5 TOP THREE STOCKS WITH LOWEST P/E/G [in asc order of P/E/G]
| Name | Code | P/E/G | Comment |
| Westpac Banking | WBC | 0.6 | Last price: $A25.50; P/E: 12.9; EPS Growth (FY2023 vs FY 2022): 23.2%; P/E/G: 0.6; |
| Mystate | MYS | 0.6 | Last price: $A3.59; P/E: 10.3; EPS Growth (FY2023 vs FY 2022): 16.7%; P/E/G: 0.6; |
| National Australia Bank | NAB | 1.9 | Last price: $A33.06; P/E: 14.4; EPS Growth (FY2023 vs FY 2022): 7.4%; P/E/G: 1.9; |
SECTION 6 The past week
| Day | Headline | MCap change % | Comment |
| Friday | Bank sector slumps 0.9% on firm volume | 0.1 | |
| Thursday | Bank sector strengthens above Moving Average (MA), with 50-day MA beating its 200-day MA | 0.3 | Top Rise |
| Wednesday | Bank sector drops 12.8 points (0.1%) | -0.1 | |
| Tuesday | Bank sector plunges 183.2 points (2.0%) | -0.2 | Steepest Fall |
| Monday | Bank sector falls in four out of last five days | -0.3 |
TO FIND A COMPANY CITED IN THIS NEWSLETTER PLEASE SEE SECTION 7:
LINKS TO FURTHER INFORMATION ON Bank sector:
+ 5-YEAR - PRICE VOLUME CHARTS IN HTML
http://www.buysellsignals.net/BuySellSignals/report/Australia/Sector/Daily/Html/Australia_SEC8.html
SECTION 7 INDEX OF STOCKS IN THE NEWS TODAY (ALPHA ORDER)
+ Download XLShttp://www.buysellsignals.net/BuySellSignals/report/Australia/newsletter/Index_The_News_Today_SEC8.xls
| Name | Code | Section | Comment |
| ANZ Group Holdings | ANZ | 2 | Bottom 5 Rank 5 [out of 5] by steepest falls. Weak Momentum Down. . |
| Australian Finance | AFG | 2 | Bottom 5 Rank 2 [out of 5] by steepest falls. Thin Momentum Down. . |
| Auswide Bank | ABA | 3, 4 | Top 5 value Stocks Rank 4 by highest dividend yield of 7.3% and Rank 4 by lowest P/E of 7.8. |
| Bank of Queensland | BOQ | 1, 3 | Top 5 value Stocks Rank 5 by highest dividend yield of 6.7%. Top 2 Rank 1 [out of 2] by price rises. High Momentum Up. Volume 2 times average. |
| Commonwealth Bank | CBA | 2 | Bottom 5 Rank 3 [out of 5] by steepest falls. Average Momentum Down. . |
| Heartland Group Holdings | HGH | 2, 3, 4 | Top 5 value Stocks Rank 2 by highest dividend yield of 9.7% and Rank 3 by lowest P/E of 7.4. Bottom 5 Rank 1 [out of 5] by steepest falls. Spectacular Momentum Down. Volume 12.4 times average. |
| Helia Group | HLI | 1, 3, 4 | Top 5 value Stocks Rank 1 by highest dividend yield of 15.2% and Rank 1 by lowest P/E of 4.5. Top 2 Rank 2 [out of 2] by price rises. Below Average Momentum Up. Volume 0.8 times average. |
| Mystate | MYS | 5 | Top 5 value Stocks Rank 2 by lowest P/E/G of 0.6. |
| National Australia Bank | NAB | 2, 5 | Top 5 value Stocks Rank 3 by lowest P/E/G of 1.9. Bottom 5 Rank 4 [out of 5] by steepest falls. Below Average Momentum Down. . |
| Resimac Group | RMC | 3, 4 | Top 5 value Stocks Rank 3 by highest dividend yield of 7.4% and Rank 2 by lowest P/E of 5.9. |
| Virgin Money UK | VUK | 4 | Top 5 value Stocks Rank 5 by lowest P/E of 8.9. |
| Westpac Banking | WBC | 5 | Top 5 value Stocks Rank 1 by lowest P/E/G of 0.6. |
SECTION 8 ECONOMIC INDICATORS
8.1 RELATIVITIES
| Cross rates | Last | 1-week |
| AUD/USD | 0.64 | -1.9 |
| AUD/CNY | 4.631 | -1.9 |
| AUD/JPY | 98.779 | -1.2 |
| AUD/EUR | 0.602 | -1.2 |
| AUD/KRW | 884.34 | -1.4 |
| AUD/SGD | 0.872 | -1.4 |
| AUD/NZD | 1.088 | -0.1 |
| AUD/GBP | 0.516 | -0.9 |
| AUD/HKD | 5.009 | -2.0 |
| AUD/CHF | 0.581 | -2.3 |
| AUD/CAD | 0.882 | -1.4 |
| AUD/SEK | 7.038 | 0.3 |
| AUD/NOK | 7.077 | - |
| AUD/MXN | 11.108 | 3.5 |
8.2 Global Commodities Spot Prices
| Commodities | Price ($US) | Week's Change % | Unit | % Change (YTD) |
| Gold | 2,360 | 0.47 | Troy Ounce | 13.9 |
| Silver | 27.97 | 1.34 | Troy Ounce | 16.1 |
| Copper | 4.32 | 1.78 | Pound | 10.9 |
| Crude oil | 85.45 | -1.48 | Barrel | 19.3 |
| Natural gas | 1.77 | -0.67 | MMBTU | -23.8 |
| Brent crude | 90.21 | -0.79 | Barrel | 0 |
| Uranium | 90.75 | 0 | Pound | 0 |
| Cocoa | 2,441 | 0 | Metric Tonne | 0 |
| Heating oil | 2.68 | -2.63 | Gallon | 6 |
8.3 Against principal global indices, these markets compared today as:
| Indices | Close | Week's Change % | % Change (YTD) |
| This Market | |||
| All Ordinaries | 7,817 | -2.9 | 0.9 |
| S&P/ASX 200 | 7,567 | -2.8 | 0.7 |
| Compare with: | |||
| HSI | 16,200 | -3.1 | -3.88 |
| Nikkei 225 | 37,137 | -6.0 | 13.8 |
| FTSE 100 | 7,877 | -0.6 | 1.9 |
| Dow Jones Industrials | 37,682 | -2.0 | -0.02 |
| S&P 500 | 5,002 | -3.8 | 4.9 |
8.4 Macro Economic Indicators: Australia
| Indicator | Value |
| GDP (USD Billion) | 1,693 |
| GDP growth yoy (%) | 0.2 |
| Interest rate (%) | 4.1 |
| Inflation rate (%) | 3.7 |
| Public debt (USD) (billion) | 400.9 |
| Public debt per person (USD) | 16,819 |
| Total annual debt change (%) | 0.5 |
| Debt to GDP ratio (%) | 1.8 |
| Budget Surplus to GDP(%) | 22.3 |
| Current account Surplus to GDP(%) | 26.27 |
| Population (million) | 23.9 |
8.5 Australia Sovereign Bonds [with Change in basis points]
| Term of Maturity | Today's Yield (%) | Week's Change | YTD Change |
| Australia 3-Year | 3.964 | 13.8 | 46 |
| Australia 5-Year | 4.027 | 13.9 | 33 |
| Australia 10-Year | 4.389 | 16 | 34 |
| Australia 15-Year | 4.602 | 15.7 | 31 |
8.6 Australian Rating Summary
| Rating Agency | Long Term | Foreign Currency | Description |
| Moody's | Aaa | ||
| S&P | AAA | Extremely strong capacity to meet financial commitments. Highest Rating. | |
| FITCH | AAA | 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. |
8.7 Sector Identifiers
Perm id: 4294952873
Source: www.BuySellSignals.com