Australia Sector Weekly- Bank sector



Top Movers and Top Value

END-OF-WEEK Thursday March 28, 2024

In the past week market capitalization of the Australian Bank sector rose 0.9% or $A4.6 billion to $A508.4 billion. During the week amongst the 13 stocks traded in the Bank sector, there were 9 (69.2%) rises and 4 (30.8%) falls.

Thursday's value up
Bank sector rises for a second consecutive day, a two-day rise of 0.9%
The Bank sector rose 25.7 points (or 0.3%) to close at 9,263. The sector rose for a second day on Thursday bringing its two-day rise to 78.5 points or 0.9%. Compared with the All Ordinaries Index which rose 95.3 points (or 1.2%) in the two days, this represented a relative price change of -0.3%.

MoversNo.%
Falls430.8
Rises969.2
Total13100


BANK SECTOR DASHBOARD [Sector averages and MCap in US Dollars, USD] End-of-Day

ExchangeAustralianReturn on Equity (ROE)10.68
Price to Book (P/NTA)1.87Return on Assets(ROA)0.66
P/E15.72PV$1000 (1 yr)1,210.59
Dividend Yield % (TTM)5.48Total Market CapUSD 331.7 billion
EPS Growth2.5  


SECTION 1 TODAY'S TOP FIVE PRICE RISES [in desc order of % price rise]

NameCodeClose, AUDChangeChange %Comment
Heartland Group HoldingsHGH1.214c13.2%Firm Momentum Up. Volume 1.4 times average
Helia GroupHLI3.9118c4.8%Firm Momentum Up. Volume 1.1 times average
Virgin Money UKVUK4.1116c4.1%Extraordinary Momentum Up. Volume 3.5 times average
MystateMYS3.6613c3.7%Firm Momentum Up. Volume 1.2 times average
Bendigo and Adelaide BankBEN10.2527c2.7%Average Momentum Up. Volume 1.1 times average


SECTION 2 TODAY'S STEEPEST FALLS: BOTTOM FOUR [in asc order of % price fall/(negative price change)]

NameCodeClose, AUDChangeChange %Comment
Resimac GroupRMC1.04-7.5c-6.7%Thin Momentum Down.
Westpac BankingWBC26.1-57c-2.1%Firm Momentum Down. Volume 1.1 times average
Auswide BankABA4.39-6c-1.3%Thin Momentum Down.
National Australia BankNAB34.64-14c-0.4%Average Momentum Down.


SECTION 3 TOP FIVE STOCKS BY DIVIDEND YIELD % [in desc order of % dividend yield]

NameCode% YieldComment
Helia GroupHLI15.1Past 12 months DPS: 59.0c;
Last price: $A3.91; Dividend yield: 15.1%;
The dividend yield of 15.1% is 3.7 times the triple-A bond yield of 4.1%.;
Heartland Group HoldingsHGH7.7Past 12 months DPS: 9.28c;
Last price: $A1.20; Dividend yield: 7.7%;
The dividend yield of 7.7% is 1.9 times the triple-A bond yield of 4.1%.;
Auswide BankABA7.3Past 12 months DPS: 32.0c;
Last price: $A4.39; Dividend yield: 7.3%;
The dividend yield of 7.3% is 1.8 times the triple-A bond yield of 4.1%.;
Resimac GroupRMC7.2Past 12 months DPS: 7.50c;
Last price: $A1.04; Dividend yield: 7.2%;
The dividend yield of 7.2% is 1.8 times the triple-A bond yield of 4.1%.;
Bank of QueenslandBOQ6.5Past 12 months DPS: 41.0c;
Last price: $A6.32; Dividend yield: 6.5%;
The dividend yield of 6.5% is 1.6 times the triple-A bond yield of 4.1%.;

SECTION 4 TOP FIVE STOCKS WITH LOWEST P/E [in asc order of P/E]

NameCodeP/EComment
Resimac GroupRMC6.2Last price: $A1.04; FY 2023 EPS: 17.0c;
P/E: 6.2;
Auswide BankABA7.8Last price: $A4.39; FY 2023 EPS: 56.0c;
P/E: 7.8;
Helia GroupHLI8Last price: $A3.91; FY 2022 EPS: 48.90c;
P/E: 8.0;
Virgin Money UKVUK8.8Last price: $A4.11; FY 2023 EPS: 24.0c;
P/E: 8.8;
Heartland Group HoldingsHGH9.3Last price: $A1.20; FY 2023 EPS: 14.0c;
P/E: 9.3;

SECTION 5 TOP FOUR STOCKS WITH LOWEST P/E/G [in asc order of P/E/G]

NameCodeP/E/GComment
Westpac BankingWBC0.6Last price: $A26.10; P/E: 13.2;
EPS Growth (FY2023 vs FY 2022): 23.2%;
P/E/G: 0.6;
MystateMYS0.6Last price: $A3.66; P/E: 10.5;
EPS Growth (FY2023 vs FY 2022): 16.7%;
P/E/G: 0.6;
Helia GroupHLI1.7Last price: $A3.91; P/E: 8.0;
EPS Growth (FY2022 vs FY 2021): 4.7%;
P/E/G: 1.7;
National Australia BankNAB2Last price: $A34.64; P/E: 15.1;
EPS Growth (FY2023 vs FY 2022): 7.4%;
P/E/G: 2.0;

SECTION 6 The past week

DayHeadlineMCap change %Comment
ThursdayBank sector strengthens above Moving Average (MA), with 50-day MA beating its 200-day MA-0.7 
WednesdayBank sector rises 53.2 points or 0.6% to 9,238.2 on high volatility 0.1Top Rise
TuesdayBank sector drops 29.1 points (0.3%)0.1Steepest Fall
MondayBank sector strengthens above Moving Average (MA), with 50-day MA beating its 200-day MA-0.2 
FridayBank sector drops 25.4 points or 0.3% to 9,179.4 on robust volume -0.1 


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 XLS
http://www.buysellsignals.net/BuySellSignals/report/Australia/newsletter/Index_The_News_Today_SEC8.xls

NameCodeSectionComment
Auswide BankABA2, 3, 4Top 5 value Stocks Rank 3 by highest dividend yield of 7.3% and Rank 2 by lowest P/E of 7.8.

Bottom 4 Rank 3 [out of 4] by steepest falls. Thin Momentum Down. .
Bank of QueenslandBOQ3Top 5 value Stocks Rank 5 by highest dividend yield of 6.5%.
Bendigo and Adelaide BankBEN1Top 5 Rank 5 [out of 5] by price rises. Average Momentum Up. Volume 1.1 times average.
Heartland Group HoldingsHGH1, 3, 4Top 5 value Stocks Rank 2 by highest dividend yield of 7.7% and Rank 5 by lowest P/E of 9.3.

Top 5 Rank 1 [out of 5] by price rises. Firm Momentum Up. Volume 1.4 times average.
Helia GroupHLI1, 3, 4, 5Top 5 value Stocks Rank 1 by highest dividend yield of 15.1%, Rank 3 by lowest P/E of 8 and Rank 3 by lowest P/E/G of 1.7.

Top 5 Rank 2 [out of 5] by price rises. Firm Momentum Up. Volume 1.1 times average.
MystateMYS1, 5Top 5 value Stocks Rank 2 by lowest P/E/G of 0.6.

Top 5 Rank 4 [out of 5] by price rises. Firm Momentum Up. Volume 1.2 times average.
National Australia BankNAB2, 5Top 5 value Stocks Rank 4 by lowest P/E/G of 2.

Bottom 4 Rank 4 [out of 4] by steepest falls. Average Momentum Down. .
Resimac GroupRMC2, 3, 4Top 5 value Stocks Rank 4 by highest dividend yield of 7.2% and Rank 1 by lowest P/E of 6.2.

Bottom 4 Rank 1 [out of 4] by steepest falls. Thin Momentum Down. .
Virgin Money UKVUK1, 4Top 5 value Stocks Rank 4 by lowest P/E of 8.8.

Top 5 Rank 3 [out of 5] by price rises. Extraordinary Momentum Up. Volume 3.5 times average.
Westpac BankingWBC2, 5Top 5 value Stocks Rank 1 by lowest P/E/G of 0.6.

Bottom 4 Rank 2 [out of 4] by steepest falls. Firm Momentum Down. Volume 1.1 times average.


SECTION 8 ECONOMIC INDICATORS


8.1 RELATIVITIES

Cross ratesLast1-week
AUD/USD0.653-1.4
AUD/CNY4.717-1.1
AUD/JPY98.802-1.1
AUD/EUR0.603-0.4
AUD/KRW877.359-
AUD/SGD0.88-0.6
AUD/NZD1.0890.2
AUD/GBP0.517-0.2
AUD/HKD5.109-1.4
AUD/CHF0.5910.8
AUD/CAD0.886-0.6
AUD/SEK6.9371.0
AUD/NOK7.0440.9
AUD/MXN10.808-2.2


8.2 Global Commodities Spot Prices

CommoditiesPrice ($US)Week's Change %Unit% Change (YTD)
Gold2,2120Troy Ounce6.8
Silver24.70Troy Ounce2.5
Copper4.010Pound3
Crude oil81.740Barrel14.1
Natural gas1.720MMBTU-26.2
Brent crude86.350Barrel0
Uranium90.750Pound0
Cocoa2,4410Metric Tonne0
Heating oil2.60Gallon2.7


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

IndicesCloseWeek's Change %% Change (YTD)
This Market   
All Ordinaries8,1541.43.1
S&P/ASX 2007,8971.53
Compare with:   
HSI16,544-1.9-3.84
Nikkei 22540,287-1.320.7
S&P 5005,2480.510
Dow Jones Industrials39,7600.65.5
FTSE 1007,9322.52.6


8.4 Macro Economic Indicators: Australia

IndicatorValue
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 MaturityToday's Yield (%)Week's ChangeYTD Change
Australia 3-Year3.648-4.214
Australia 5-Year3.727-4.43
Australia 10-Year4.055-3.70
Australia 15-Year4.274-4.4-2


8.6 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.


8.7 Sector Identifiers
Perm id: 4294952873

Source: www.BuySellSignals.com