Wednesday 12th Sept 2012 (Afternoon)

You can tell that Summer is on the way today – another glorious day in Sydney, and it looksl ike the market is taking it’s cue from the season, with green springing up all over the screen!

Total value traded today was $3,891,811,556 and the volume was 1,744,693,079.

The Up/Down details for today are:

Sector	Up	Down	Unchanged	Total
Industrials	284	168	160	612
Resources	193	109	157	459
Energy	79	47	60	186
Total	556	324	377	1257

And the breakdown by sector is as follows:

Security	Description	%	MktCap($)
XXJ	XJO FinxREIT	1.29	$      363,012,704,555.97
XFJ	XJO 40 Financials	1.23	$      442,419,450,284.93
XMJ	XJO 15 Materials	1.11	$      233,927,838,524.89
XPJ	XJO A-REIT	0.96	$         79,406,745,728.95
XEJ	XJO 10 Energy	0.82	$         85,394,969,546.81
XJO	S&P/ASX 200	0.82	$   1,121,203,087,059.50
XTJ	XJO 50 Telecoms	0.79	$         53,484,909,960.81
XDJ	XJO 25 Discretion	0.36	$         55,969,141,954.65
XNJ	XJO 20 Industrial	0.28	$         78,881,740,752.88
XHJ	XJO 35 HealthCare	0.14	$         49,872,404,909.01
XSJ	XJO 30 Staples	-     0.41	$         90,387,299,392.47
XUJ	XJO 55 Utilities	-     0.82	$         22,788,801,035.01
XIJ	XJO 45 Info Tech	-     1.19	$           8,076,530,698.09

The Big Winners on the ASX200 today were:

Security	Description	Last	+/-	%
RMS	Ramelius Resources	44.5	4	9.88%
GBG	Gindalbie Metals Ltd	34	2.5	7.94%
SAR	Saracen Mineral	43	3	7.50%
BTU	Bathurst Resources	37	2.5	7.25%
KAR	Karoon Gas Australia	492	32	6.96%
FXJ	Fairfax Media Ltd	46.5	3	6.90%
AGO	Atlas Iron Limited	156.5	10	6.83%
AQP	Aquarius Platinum.	61	3.5	6.09%
NWH	NRW Holdings Limited	225	11	5.14%
GRY	Gryphon Minerals Ltd	76.5	3.5	4.79%
MIN	Mineral Resources.	806	36	4.68%
DML	Discovery Metals Ltd	115.5	5	4.52%
LYC	Lynas Corporation	84.5	3.5	4.32%
SGM	Sims Metal Mgmt Ltd	992	38	3.98%
IGR	Integra Mining Ltd.	54	2	3.85%
ASL	Ausdrill Limited	292	10	3.55%
IPL	Incitec Pivot	293	10	3.53%
ARI	Arrium Ltd	59	2	3.51%
SBM	St Barbara Limited	177	6	3.51%
PDN	Paladin Energy Ltd	133.5	4.5	3.49%
CDU	Cudeco Limited	448	15	3.46%
AQA	Aquila Resources	239	8	3.46%
ACR	Acrux Limited	330	11	3.45%
ILU	Iluka Resources	969	32	3.42%
EWC	Energy World Corpor.	46.5	1.5	3.33%
CSR	CSR Limited	144.5	4.5	3.21%
SIP	Sigma Pharmaceutical	69	2	2.99%
FMG	Fortescue Metals Grp	347	10	2.97%
PRU	Perseus Mining Ltd	278	8	2.96%
GFF	Goodman Fielder.	54	1.5	2.86%
LEI	Leighton Holdings	1514	42	2.85%
SXY	Senex Energy Limited	73	2	2.82%
SFR	Sandfire Resources	815	22	2.77%
ORI	Orica Limited	2492	67	2.76%
SWM	Seven West Media Ltd	133	3.5	2.70%
CFX	CFS Retail Trust Grp	197.5	5	2.60%
CHC	Charter Hall Group	278	7	2.58%
MML	Medusa Mining Ltd	558	13	2.39%
VAH	Virgin Aus Hldg Ltd	43	1	2.38%
PNA	PanAust Limited	305	7	2.35%
AWC	Alumina Limited	87.5	2	2.34%
ALL	Aristocrat Leisure	263	6	2.33%
AMP	AMP Limited	445	10	2.30%
DCG	Decmil Group Limited	315	7	2.27%
SUN	Suncorp Group Ltd	918	20	2.23%
IMD	Imdex Limited	140	3	2.19%
MSB	Mesoblast Limited	660	14	2.17%
WOR	WorleyParsons Ltd	2620	54	2.10%
HVN	Harvey Norman	202	4	2.02%
MND	Monadelphous Group	1989	39	2.00%

And the Losers:

Security	Description	Last	+/-	%
EHL	Emeco Holdings	67	-3.5	-4.96%
APN	APN News & Media	28	-1	-3.45%
PBG	Pacific Brands	57.5	-2	-3.36%
LNC	Linc Energy Ltd	66	-2	-2.94%
DUE	Duet Group	207	-6	-2.82%
SXL	Sthn Cross Media	109	-3	-2.68%
TEN	Ten Network Holdings	37	-1	-2.63%
BLY	Boart Longyear	139	-3.5	-2.46%
SPN	SP AusNet	100	-2.5	-2.44%
ENV	Envestra Limited	86.5	-2	-2.26%
CPL	Coalspur Mines Ltd	66.5	-1.5	-2.21%
NVT	Navitas Limited	431	-9	-2.05%
CRZ	Carsales.Com Ltd	728	-15	-2.02%
PAN	Panoramic Resources	49	-1	-2.00%

The market saw broad based gains today, with a few stocks in the IT sector (CRZ), Staples (WES) and Utilities (DUE, SPN, ENV) dragging on their respective sectors. The financials and materials sectors led the way, both up over 1%. The iron ore miners were at it again, with the almost all constituents in the green. This was largely due to the continued rebound in the Iron Ore price, which has jumped back over $100USD.

The Big Banks were all up, as were most of the insurance sector and real estate securities.

Everyone is waiting in anticipation of the German Constitutional Court’s ruling, which is tentatively expected around 6pm Sydney Time, although confidence seems to be growing that the ruling will be favourable.

The only other really significant economic news is the GB Claimant Count Change, which should provide some more insight into the unemployment numbers over there. Consensus expectation is for an increase of 100k.

Tomorrow the RBNZ releases their cash rate at 8am Sydney Time, with expectations that rates will stay on hold at 2.5%.

We will also get information on:

o   Swiss National Bank LIBOR rate.

o   US PPI – Leading Inflation Indicator (Expectation for 1.2%)

o   US Initial Unemployment Claims (Forecast 370k)

In a further boost to Australia’s government debt, Moody’s has confirmed that Australia’ AAA rating is safe and that they see no immediate threat to the rating.

Westpac also released their Consumer Sentiment numbers for September, with the idex up 1.6% to 96.6. The full report is available at http://melbourneinstitute.com/downloads/media_release/2012/CSI/PressReleaseCSI20120912.pdf

AUDUSD: 1.0472 (up 0.0038)

SPTGLD: 1735.69 (up (3.64)