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May 2006
Index Commentary
- The Australian share market failed to sustain momentum for the month of May, suffering heavy losses that produced negative returns for Australia’s leading benchmark indices. The S&P/ASX 200 Accumulation index returned negative 4.7%, in its lowest monthly return since July 2001.
- The Utilities sector (negative 8.9%) posted the lowest returns, followed closely by Health Care, which produced an accumulated percentage return of negative 8.7%.
- The losses were felt globally, with the S&P Global 1200 (negative 3.59%) posting a negative return for the month of May. Profound losses in Latin America sent the S&P/LAC index down by 13.6%. The S&P/TSX index (negative 2.48%) produced the most favorable returns as a component of the S&P Global 1200.
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S&P/ASX 200
The Institutional Benchmark Index for the Australian Market
Returns: May 2006
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| Index |
May 31 |
1 Mth |
3 Mths |
1 Year |
3 Years |
5 Years |
|
| Price |
5001.67 |
-4.89% |
1.63% |
21.80% |
66.11% |
48.01% |
| Accum* |
29776.09 |
-4.70% |
2.37% |
27.18% |
88.70% |
81.31% |
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| Index Linked Products: streetTRACKS 200 ETF Fund; Index Options; Index Warrants; SPI 200 Futures; ASX Mini200 Futures. |
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S&P/ASX 50
Australia's International Benchmark Index
Returns: May 2006
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| Index |
May 31 |
1 Mth |
3 Mths |
1 Year |
3 Years |
5 Years |
|
| Price |
4898.57 |
-5.29% |
1.12% |
20.61% |
61.64% |
39.16% |
| Accum* |
29088.79 |
-5.08% |
1.81% |
26.01% |
83.51% |
69.85% |
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Index Linked Products: streetTRACKS 50 ETF Fund; ASX Mini50 Futures.
*Accumulation index is also known as a total return index, it takes into account both price movements and income payments (dividends) with respect to index constitutents. |
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S&P/ASX 200: Major Corporate Actions
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| Company |
Corporate Action |
Date |
Index Treatment |
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| Toll Holdings Limited |
Takeover |
May 24 |
Change in Adjusted Market Value + 4.174 Billion |
| Patrick Corporation Limited |
Takeover |
May 24 |
Removal From Indices |
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| Information about how the S&P/ASX indices are constructed and maintained is outlined in the S&P/ASX Index Methodology document available at www.standardandpoors.com.au |
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S&P/ASX 200 Index Weight Changes
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| Company |
IWF* |
Weight #
Apr. |
Weight
May. |
Weight
Change |
Price
Change |
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Top 5 Positive Index Weight Changes |
Toll Holdings Limited
|
89 |
0.37% |
0.85% |
0.48% |
A$0.75 |
| BHP Billiton Limited |
100 |
10.61% |
10.76% |
0.15% |
-A$1.07 |
| Coles Myer Limited |
94 |
1.27% |
1.42% |
0.15% |
A$0.66 |
| Woolworths Limited |
100 |
2.19% |
2.32% |
0.13% |
-A$0.06 |
| Zinifex Limited |
100 |
0.52% |
0.63% |
0.11% |
A$1.57 |
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Top 5 Negative Index Weight Changes |
| Commonwealth Bank of Australia |
100 |
6.13% |
5.93% |
-0.20% |
-A$3.32 |
| Westpac Banking Corp. Ltd. |
100 |
4.64% |
4.46% |
-0.18% |
-A$2.16 |
| Rinker Group Limited |
100 |
1.96% |
1.80% |
-0.16% |
-A$2.70 |
| National Australia Bank Ltd. |
100 |
6.08% |
5.97% |
-0.11% |
-A$2.52 |
| Macquarie Bank Limited |
100 |
1.67% |
1.58% |
-0.09% |
-A$7.41 |
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| *IWF (Investable Weight Factor) represents the proportion of a company's market capitalisation that is included in the index. #Index Weight represents a stock's individual index capitalisation as a percentage of the total index capitalisation of the particular index. |
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S&P/Citigroup Global Indices
Accumulation Returns: May 2006
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| Index |
May 31* |
1 Mth |
3 Mths |
1 Year |
3 Years |
5 Years |
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| BMI |
346.81 |
-2.92% |
0.45% |
21.02% |
48.93% |
-4.77% |
| PMI |
332.32 |
-2.65% |
0.39% |
19.34% |
42.63% |
-11.88% |
| EMI |
391.52 |
-3.85% |
0.64% |
27.25% |
74.40% |
27.06% |
| World Ex. Aust. |
343.16 |
-2.87% |
0.40% |
20.83% |
48.02% |
-5.98% |
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| *Unofficial closing values. The S&P/Citigroup Indices cover more than 8500 companies in 52 markets facilitating sophisticated global benchmarking. BMI—Broad Market Index. PMI—Primary Market Index. EMI—Extended Market Index. |  | |
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