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.
US President Trump again reiterated that talks with China were "going well" and he said something could happen regarding tariffs on 15 December, "but were not discussing that".MORE >
The Australian share market has rebounded following two days of steep losses, with every sector posting gains.
Thursday, 5th December, 2019
The ASX200 index finished Thursday up 76.5 points, or 1.16 percent at 6,683.0, while the broader All Ordinaries closed up 76.7 points, or 1.14 percent, to 6,791.1 points.
The energy sector was the biggest gainer, up 1.6 percent, as crude prices rose as much as four percent overnight. Beach Energy was up 3.9 percent, Santos rose 4.2 percent and Cooper Energy gained 3.8 percent. Caltex Australia was up 0.2 percent to $34.38 after announcing a $500 million capital raising and the sale of an initial 25 petrol stations for $136 million as it contends with an unsolicited takeover offer. But Whitehaven Coal weighed on the energy sector, dropping 10.3 percent after announcing coal production would be down because of recent smoke, dust and haze events as well as difficulties finding skilled labour.
The big banks contributed 17.5 points to the rally, posting gains after the Reserve Bank of New Zealand's new capital requirements turned out to be not as onerous as first feared. ANZ and NAB both gained 2.1 percent, to $24.70, and $25.41, while Commonwealth Bank climbed 1.0 percent to $78.62 and Westpac rose 1.2 percent to $24.33. Magellan Financial Group gained 3.6 percent after announcing its funds under management grew by $410 million in November, to $97.7 billion.
Bellamy's shares rose 0.6 percent to $13.22 after shareholders overwhelmingly approved its $1.5 billion takeover by China Mengniu Dairy Company. Afterpay rose 2.3 percent to $29.75 after announcing the buy now, pay later company had $1 billion in underlying sales in November, its best month ever. In the heavyweight mining sector, BHP rose 1.6 percent to $37.41 and Rio Tinto gained 0.8 percent to $95.79, while Fortescue Metals climbed 2.3 percent to $9.97.
The Aussie dollar is buying 68.40 US cents, from 68.46 US cents on Wednesday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6837||-0.0007||-0.10|
|$A vs GBP||0.5215||
|$A vs EUR||0.6172||-0.0007||-0.11|
|$A vs YEN||74.41||-0.312||-0.17|
|$A vs $NZ||
With the commencement of Daylight Saving in the Southern States on Sunday the 6th of October, 2019 ASX trading hours (in Queensland) change to 9:00am - 3:00pm from Monday the 7th of October, 2019.
Our office hours remain as 8.30am - 5.00pm.