What Worked Australia - 18 Mar 2016 - Long term momentum coming off, Value still strong

What Worked – Long term momentum came in week once again as the laggards for the last 12 months continued to climb, while the winners were off a little, albeit largely in the small cap space. Origin Energy (ORG, +6.6%), Mesoblast (MSB, +15.6%) and News Corp (NWS, +8.4%) among those 12 month underperformers that came back strong this week, while Regis Resources (RRL, -6.1%), Sirtex Medical (SRX, -7.7%) and Aristocrat (ALL, -5.5%) all off this week after a strong run over the last year.

Value continued its run, extending its winning performance out to 6 weeks. Genworth Mortgage (GMA, +5.6%), Myer Holdings (MYR, +7.7%) and Fairfax Media (FXJ, +8.9%) all up on the back of looking cheap on PBR.

Who Moved – Volumes came off this week with only 10 names producing higher than normal volumes. Independence Group (IGO, +8.8%), Sigma Pharma (SIP, +8.8%) and SKY Network (SKT, +8.3%) producing positive returns on significant volumes, while Resmed (RMD, -6.4%), Northern Star Resources (NST, -5.3%) and Monadelphous Group (MND, -4.3%) all coming off.

Summary

Australia Factor Performance

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