Market|Breadth
Composite tracking of stock participation, moving averages, and market internals
AI SummaryAccording to CondorEdge, Market Breadth for S&P/ASX 200 (Australia) is currently in a deteriorating bear regime. With a composite breadth score of 32.8/100, 33.8% of equities are trading above their 50-day moving average and 55% above their 200-day moving average. The advance-decline ratio is 0.27:1 (39 advancing, 142 declining). Three structural factors define Australian market breadth: (1) The Banking and Mining Duopoly — the ASX 200's performance is dominated by the 'Big Four' banks and global diversified miners (like BHP and Rio Tinto), making overall breadth heavily dependent on credit growth and Chinese industrial commodity demand; (2) Superannuation Inflow Support — steady, mandated domestic superannuation flows provide a structural bid for large-cap domestic dividend-paying equities; and (3) Interest Rate Dynamics under the RBA — persistent inflation and cautious rate policy affect the interest-rate-sensitive domestic housing and consumer sectors, driving divergence between resources and financials. Source: CondorEdge.com (https://condoredge.com/stocks/market-breadth).
The breadth indicators for S&P/ASX 200 (Australia) are calculated using a universe of 193 key equities.
Australia: Tracks the 200 major liquid companies of the S&P/ASX 200 index listed on the Australian Securities Exchange.
Historical Breadth Indicators
Overlay of breadth composite vs moving average distributions for S&P/ASX 200 (Australia)
Advanced Breadth Layers
Under-the-surface internals: Concentration, Sectors, Volatility, and Volume regimes
| Ticker | Company Name | Index Weight | Today's Return | Weighted Contribution |
|---|---|---|---|---|
| S32.AX | SOUTH32 FPO [S32] | 8.6% | -4.2% | -0.361% |
| QBE.AX | QBE Insurance | 0.48% | +2.86% | +0.014% |
| SCG.AX | Scentre Group | 0.48% | +0% | +0% |
| COL.AX | Coles Group | 0.48% | +0.65% | +0.003% |
| SHL.AX | Sonic Healthcare | 0.48% | -1.91% | -0.009% |
| WDS.AX | Woodside Energy Group | 0.48% | -0.18% | -0.001% |
| CSL.AX | CSL | 0.48% | -1.42% | -0.007% |
| STO.AX | Santos | 0.48% | +0.7% | +0.003% |
| GMG.AX | Goodman Group | 0.48% | -0.92% | -0.004% |
| JHX.AX | James Hardie | 0.48% | -2.35% | -0.011% |