Logo 2016

Burrell Stockbroking and Superannuation is a longstanding Queensland company providing full stockbroking, superannuation, wealth management and advisory services to private clients, Not-for-Profit and other investment organisations.


Morning (AM) Market Report

U.S. shares closed mostly lower overnight after the world's most valuable company by market capitalisation, Apple, reported disappointing earnings


Afternoon (PM) Market Report

The Australian market opened higher this morning, but lost its momentum shortly after open, as the index heavyweights Wesfarmers and Woolworths continued their recent slide.

Thursday, 27th October 2016

The ASX index fell further during afternoon trade, with broad-based sell-offs across the board. Most sector experienced negative results; health care taking the biggest fall with only information technology ending slightly higher. The Australian dollar depreciated against most major currencies.

The All Ordinaries lost 63.70 points (-1.17%) to 5,378.40 while the S&P/ASX 200 fell 64.30 points (-1.20%) to 5,295.50.

Blackmores reported first quarter Group sales of $149m, down 8.1% compared to the pcp. Net profit after tax (NPAT) was $12m for the quarter, down 46.6% on the pcp. The Company launched in Indonesia in September 2016 with encouraging early sales. The current range of 17 products is expected to grow to 29 core lines in more than 1,200 retail outlets with an established e-commerce presence by the end of the financial year. Australian sales were impacted by retailers reducing excess stock and changing buying patterns of Chinese exporters. The Company's China business contributed $31m, up 220%, compared to pcp. The Company's Asia, BioCeuticals and Global Therapeutics all delivered strong growth. BKL added $1.35 (1.29%) to $105.74. Caltex Australia advised its realised lagged Caltex Refiner Margin (CRM2), in respect of CRM sales from production for the month of September 2016. The September 2016 unlagged CRM was US$10.82/bbl. This is above the prior month (August 2016: US$8.77/bbl) but below the prior year monthly comparative (US$ 18.05/bbl). Regionally, the unlagged Caltex Singapore Weighted Average Margin was US$10.02/bbl, above the prior month (August 2016: US$8.42/bbl) but below the prior year (August 2015: US$14.48/bbl). The September 2016 realised CRM was US$10.94/bbl, above August 2016 CRM of US$8.08/bbl but below the prior year comparative (September 2015: US$17.28/bbl). Sales from production in September 2016 of 532ML were below the prior month (August 2016: 580ML), but above the prior year comparative (September 2015: 514ML). CTX rose 38 cents (1.27%) to $30.36. Newcrest Mining released quarterly report for the period ended 30 September 21016. Gold production was higher in the September 2016 quarter driven by increased output from the ramp up of Cadia East and Gosowong, which was partially offset by reduced output from Lihir due to lower grade and a planned total plant shutdown in July 2016. The Group AISC per ounce for the September 2016 quarter was broadly unchanged from the prior quarter. Exploration activities continue at all brownfield sites, with drilling undertaken at Gosowong and Bonikro. Production, cost and capital guidance was updated on 19 September 2016 subject to completion of the sale of its 50% share in Hidden Valley. NCM dropped 57 cents (2.60%) to $21.37.

The NZX rose 45.75 points (0.66%) to 6,941.95 while the Nikkei lost 64.66 points (-0.37%) at the time of writing to be last quoted at 17,327.17.

The Australian dollar was last quoted at 76.32 US cents.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 5378 -64 -1.17
S&P/ASX 200 5296 -64 -1.20
Currency Close Pts Change % Change 
$A vs $US 0.7632 -0.0014 -0.18
$A vs GBP 0.6244


$A vs EUR 0.6994 -0.0014 -0.20
$A vs YEN 79.80 -0.15 -0.18
$A vs $NZ