ASX
Here is a list of the ASX top 10 (Australian Stock Exchange Top 10) as of close of trade on Friday, February 1, 2008. This list shows the top 10 companies with the largest market capitalisation listed on the Australian Stock Exchange. Market capitalisation is the price of one of the Company's ordinary shares multiplied by the number of shares in issue. Figures presented beside the company name and ticker symbol is the company's market capital in $ million.
- BHP Billiton (BHP) : $129,376 million
Interesting news... an Australian court has awarded a shareholder compensation as a result of actions by an ASX listed company...
Imagine getting compensation for the lack of disclosure by a company listed on a public stock exchange. That's what happened on the 6th of September 2006 with Jubilee Mines (JBM), a Western Australia nickel miner.
Read the rest of "Compensation for the Lack of Disclosure"...
A dead cat bounce today on the Australian Stock Exchange! Just a quick update, the volatility of the market displayed its true colours today! Compared to yesterdays touch of vital support level just above 4750. A true display of a dead cat bounce. The All Ordinariesgained 20.5 points, closing at 4835.5. But is this the comeback of the market to its glory days above the magic 5000?
This list of the stocks are on my hit list. They are (or I think that are) on the top 20 stocks of the Australian Stock Exchange (ASX). But the main reason why I've sifted thse 20 stocks is that my broker gives me the largest leverage with these stocks. At 3% down with CFDs they are the lowest margin rates around. Although you are liable for more interest, they provide you with higher risk/reward ratio - hence you must have a tight risk management strategy before you start trading these stocks with CFDs.
AMP - AMP Ltd
ANZ - Australia & New Zealand Banking Group Ltd
BHP - BHP Billiton Ltd
CBA - Commonwealth Bank of Australia
FGL - Foster's Group Ltd
IAG - Insurance Australia Group Ltd
I like trading, because I can make a decent living out of it. But although money can come easy through trading after some hard work learning how to trade and planning and executing your trading plans you hear the odd story of how investment is way better than trading actively. There was a stock that in the last three years that would have allowed you to grow an initial $1000 investment into $131,666 or alternatively if you picked the "other stock" you would have earned $107,432 in three years by simply sitting on your hands. No trading plans, no time going in and out of trades as well as analysing them. the two stocks? Uranium explorer Paladin and Fortescue Metals. Rise in price had been fuelled by sheer growth as neither pays dividends.
Bank stocks trend lower due to an anticipation of an interest rise in US: The sharemarket receded further at noon as base metal prices weighed on the resources sector and anticipation of a rise in interest rates in the United States sent bank stocks south.
But petrol and oil companies were rosier, lifted by a surge in the oil price.
At noon, S&P/ASX200 was down 21.7 points to 4590.2, while the All Ordinaries had slipped 20 points to 4542.2.
ABN Amro Morgans Ipswich manager Tony Russell said it was a quiet day on the market, and the bourse was waiting for further leads from New York.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Maquarie Group (MQG)
- Foster’s Group Limited (FGL)
