Ord Minnett Research Tuesday, 11 June 2019

Today’s Index Movements The Trading Day

12 mth % The Australian share market has closed at a Australian Markets Close +/- % move fresh 11-and-a-half year high as a broad rally S&P/ASX 200 6,546 102 1.6 7.2 boosted most sectors by more than one per All Ordinaries 6,624 99 1.5 6.6 cent. S&P/ASX 100 5,414 84 1.6 8.2 S&P/ASX Small Ords 2,834 44 1.6 -1.6 It was the ASX200's fifth day of gains in a row and its third-best 12 mth % day of the year. All sectors had strong gains except the Regional Markets Close +/- % move defensive sector of utilities and the subsector of gold mining. Japan 21,204 70 0.3 -6.5 Singapore 3,206 18 0.6 -3.5 Surprisingly, health care, typically also considered a defensive Hong Kong 27,791 213 0.8 -8.3 sector, was up the most, by 3.5%. Pharma giant CSL was up Malaysia 1,654 -2 -0.1 -5.1 4.3% to a nine-month high of $212.50, while Cochlear was up Korea 2,112 12 0.6 -11.1 3.0%. Indonesia 6,307 18 0.3 5.2 Energy stocks were collectively up 1.8%, with Caltex Australia 12 mth % Industry Sectors Close +/- % move and WorleyParsons both gaining 3.7%, to rise to $27.15 and Energy 10,804 192 1.8 -6.5 $13.89, respectively. Materials 13,357 187 1.4 9.7 Miners were up 1.4% as a whole, with BHP gaining 2.3% to Industrials 6,709 165 2.5 11.5 $38.70, up 2.6% and Fortescue Metals up 3.2% to Consumer Discretionary 2,536 46 1.9 3.6 $8.10. Consumer Staples 11,277 190 1.7 1.6 Health Care 33,277 1,136 3.5 11.7 The financial sector was up 1.3%, with the four big banks all up Financials 6,306 78 1.2 5.1 between 1.2 and one per cent. Information Technology 1,338 20 1.5 19.5 Telecom Services 1,317 20 1.6 23.3 Star Entertainment Group was the biggest loser, sliding Utilities 8,134 -204 -2.5 0.4 15.7% to a three-and-a-half-year low of $3.80 after the casino Source: IRESS operator flagged a full-year earnings dip amid continued weakness in international VIP spending.

AGL Energy dragged the utility sector down after it made a S&P/ASX 200 Index new non-binding $3.02 billion offer for internet provider Vocus, 6 Month Rolling Close less than a week after a Swedish private equity firm walked away from a takeover of the iPrimus and Dodo brand owner. AGL shares were down 7.2% to $19.40, while Vocus shares rose 8.9% to $4.17. Small business lender Prospa Group made its debut on the ASX, closing at $4.46, up 18% on the price of its initial public offering.

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Today’s Largest Advances & Declines

S&P/ASX 100 Stocks

Advances Close +/- % Declines Close +/- % 2.06 0.10 4.83 The Star Ent Grp 3.80 -0.71 -15.74 CSL Limited 212.50 8.70 4.27 AGL Energy Limited 19.40 -1.51 -7.22 10.08 0.38 3.92 Northern Star 9.54 -0.42 -4.22 31.43 1.15 3.80 Ltd 3.85 -0.08 -2.04 Worleyparsons Ltd 13.89 0.50 3.73 Ltd 12.14 -0.21 -1.70 Reliance Worldwide 3.64 0.13 3.70 Als Ltd 6.69 -0.07 -1.04 Caltex Australia 27.15 0.96 3.67 28.39 -0.18 -0.63 Adelaide Brighton 4.22 0.14 3.43 Limited 3.22 -0.02 -0.62 30.52 1.01 3.42 Link Admin Hldg 5.54 -0.03 -0.54 Magellan Fin Grp Ltd 47.38 1.55 3.38 Challenger Limited 7.94 -0.04 -0.50

Source: IRESS

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S&P/ASX 50 – Daily Price Movements

Company Name Close +/- % Yr High Yr Low AGL Energy Limited 19.40 -1.51 -7.22 23.30 17.44 Aristocrat Leisure 30.52 1.01 3.42 33.06 20.66 Plc 15.89 0.17 1.08 16.67 12.67 AMP Limited 2.19 0.06 2.82 3.70 2.07 ANZ Bank 28.65 0.28 0.99 30.39 22.98 APA Group 10.94 0.14 1.30 10.80 8.18 ASX Limited 80.85 1.56 1.97 79.29 57.37 Holdings Ltd 5.37 0.16 3.07 5.25 3.90 BHP Group Limited 38.70 0.86 2.27 40.13 30.31 13.09 0.36 2.83 12.79 8.58 80.95 0.95 1.19 80.00 65.23 206.39 6.00 2.99 221.80 155.22 12.99 0.05 0.39 13.37 11.12 Ltd 16.77 0.08 0.48 20.80 16.24 CSL Limited 212.50 8.70 4.27 232.69 173.00 Caltex Australia 27.15 0.96 3.67 33.65 24.50 13.53 0.08 0.59 13.45 9.47 Fortescue Metals Grp 8.10 0.25 3.18 8.72 3.28 14.43 0.14 0.98 14.29 9.36 GPT Group 6.14 0.09 1.49 6.32 4.83 Insurance Australia 7.67 0.08 1.05 8.65 6.53 James Hardie Indust 18.66 0.36 1.97 23.90 14.38 Group 13.22 0.19 1.46 21.73 11.03 Group 3.17 0.04 1.28 3.18 2.09 Private Ltd 3.39 0.04 1.19 3.36 2.29 Ltd 121.15 1.94 1.63 136.84 103.30 National Aust. Bank 27.22 0.32 1.19 29.00 22.52 Newcrest Mining 28.39 -0.18 -0.63 28.76 18.57 7.19 0.11 1.55 10.27 6.03 Limited 20.98 0.27 1.30 20.86 16.02 Ltd 7.08 0.15 2.16 9.27 6.70 Airways 5.68 0.15 2.71 6.92 5.18 QBE Insurance Group 11.83 0.16 1.37 13.16 9.28 71.46 0.93 1.32 70.81 51.89 RIO Tinto Limited 100.55 2.55 2.60 107.99 69.41 South32 Limited 3.22 -0.02 -0.62 4.28 3.00 Scentre Grp 3.84 0.00 0.00 4.54 3.63 4.51 0.02 0.45 4.52 3.42 27.08 0.60 2.27 27.00 21.26 Santos Ltd 6.87 0.08 1.18 7.49 5.14 Ltd 13.32 0.12 0.91 15.96 12.12 SYD Airport 7.76 0.16 2.11 7.90 6.24 Group 14.68 0.42 2.95 14.59 10.62 Corporation 3.75 0.03 0.81 3.73 2.60 Treasury Wine Estate 15.34 0.40 2.68 19.90 13.38 2.63 0.02 0.77 2.84 2.42 Banking Corp 28.30 0.32 1.14 30.44 23.30 Limited 38.56 0.91 2.42 38.25 30.40 Woolworths Group Ltd 32.05 0.54 1.71 34.84 27.03 35.15 0.51 1.47 39.38 29.33 Source: IRESS

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