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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.

 
MARKET REPORTS LATEST NEWS

Morning (AM) Market Report

U.S. share markets finished mostly lower overnight as investors reassessed the prospects for President Donald Trump's ambitious economic agenda after a Republican plan to replace Obamacare was scrapped last week.

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Afternoon (PM) Market Report

The Australian market moved through the key 5800 point today. Strong gains from the big four banks contributed to an early morning rally and major miners were among the best performers, despite another overnight fall in iron ore prices.


Tuesday, 28th March, 2017

Most sectors posted positive results, with only utilities closing lower. The Australian dollar depreciated against most major currencies.

The All Ordinaries rose 71.20 points (1.23%) to 5,860.40 while the S&P/ASX 200 climbed 74.50 points (1.30%) to 5,821.20.

Southern Cross Media Group announced that it has reached agreement in principle with WIN Corporation for sale to WIN of its northern NSW (NNSW) television assets and operations for a price of $55.00m. The proposed sale of its NNSW television assets and operations remains subject to execution of definitive agreements and satisfaction of certain conditions. SXL added 2 cents (1.48%) to $1.37. Tox Free Solutions announced that it has been advised by Chevron Australia that the provision of Waste Management Services to its operations on Barrow Island will cease by the end of the financial year. The estimated contribution from Barrow Island services in financial year 2018 based on its assessment of the waste volumes was expected to be between $1m to $2m in EBITDA. TOX lost 1 cent (-0.42%) to $2.37.

The NZX added 2.52 points (0.04%) to 7,065.23 while the Nikkei gained 201.42 points (1.06%) at the time of writing, to be last quoted at 19,187.01.

The Australian dollar was last quoted at 76.01 US cents

Equities / Fixed Interest Close Change % Change 
All Ordinaries 5860 71 1.23
S&P/ASX 200 5821 47 1.30
Currency Close Pts Change % Change 
$A vs $US 0.7601 -0.0028 -0.36
$A vs GBP 0.6058

-0.0016

-0.27
$A vs EUR 0.7001 -0.0022 -0.32
$A vs YEN 84.12 -0.38 -0.45
$A vs $NZ

1.0816

-0.0008

-0.08

 

MARKET REPORTS LATEST NEWS