Westfield Shopping Centres
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Introduction:
Good morning Mrs. Naba and fellow classmates. Today I am going to talk to you about the shares I chose for my assignment and their progress throughout the 2 weeks I followed them. I would consider myself a prudent investor because I am willing to take some risks but I like to be on the safe side with my investments.

DAY 1 21/4/09
My first choice was Westfield Shopping centres. Westfield Group Limited is listed on the Australian Stock Exchange under stock code WDC. WDC was listed on the ASX on 5 July, 2004. WDC is principally involved in shopping centre investment, property management, leasing and marketing, property development, design and construction. I chose this share because with most people in Australia getting the government stimulus tax rebate they most likely to go out spending their money on shopping and other items. Westfield shopping centres are one of Australias most well known and widely spread complexes. Therefore a lot of people will spend their money here and the share price is likely to go up. I bought 500 shares at $10.31, which cost me in total $5,155.

The next share I bought was The Australia and New Zealand Banking Group Limited commonly called ANZ. It is the fourth largest bank in Australia, after the Commonwealth Bank, the National Australia Bank, and Westpac Banking Corporation. Australian operations make up the largest part of ANZs business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand. In addition to operations throughout Australia and New Zealand, ANZ also extends to twenty-five other nations. I chose ANZ shares because they are such a big bank and I have all my bank accounts with ANZ. I bought 250 shares at $16.37, which cost me in total $4, 092.50.

The last share I bought on my first day was BlueScope Steel Limited or BSL. BSL is the only Australian manufacturer of steel flat products. It holds approximately 80% of the Australian flat products market, with the remaining 20% imported. The company has steel production operations at Port Kembla, NSW, and in New Zealand. BSL was listed on the ASX on 15 July 2003. I chose this share because I wanted to have something in the building industry and it had a low price. I bought 250 shares at $2.57, which cost me in total $642.50. In buying my shares on the first day I spent $9, 890 of my $10 000.

DAY 2 23/4/09
On the second day I had a look at all my shares and my Westfield ones had dropped to $10.25 per share. I didnt sell any because I wanted to wait and see how they did in a few more days. My BlueScope shares had gone up to $2.63 per share. I decided to sell my 250 shares and not take the risk of them dropping. In return I received $657.50 for my shares. Then I looked at the price of my ANZ shares they had gone up to $17. 03. I was really happy I made a profit so I decided to sell all of my 250 shares and received $4, 258.50. On both the shares I sold I made a profit. I then decided to buy Stockland shares or SGP. SGP was listed on the ASX on 19 February, 1987. I bought them because theyre a real estate company and because of the recession quite a few people are selling their houses and a lot are buying because of the new home owners grant. They were also quite cheap so I bought 250 shares at $3.05. That coast me $762.50. I then bought Orica Limited also known as ORI. ORI was listen on the ASX on 28 November, 1961. I bought these shares because my mum said to invest into a mining company but Rio Tinto was to expensive. I bought 250 shares at $16.45, which cost me $4,112.50.

DAY 3 28/4/09
On the third day I looked at all three of my shares and my Orica Limited had dropped 0.05 cents. It was a risky choice but I decided to hold onto my shares and see how they went the next day. My Westfield shares had risen 0.20 cents and

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Share Price And Australian Stock Exchange. (July 10, 2021). Retrieved from https://www.freeessays.education/share-price-and-australian-stock-exchange-essay/