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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

Wall Street stocks are higher in afternoon trade with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the US Federal Reserve's widely-expected rise in interest rates.

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Afternoon (PM) Market Report

The share market has edged higher as the property sector was boosted by the $33 billion takeover of Westfield, and the consumer staples sector also rose.


Wednesday, 13th December, 2017

The ASX200 stock index was up 0.14 percent at 6,021.8 points after a session in which the index moved within a narrow range.

Shares in Westfield jumped 13.7 pe cent to $9.66 after the company agreed to a takeover from Europe's biggest property giant that values its securities at $10.01. While Scentre Group, which owns Westfield's Australian and New Zealand centres, is not involved in the takeover, its shares gained 1.6 percent to $4.42.

The retail sector was mixed, with JB Hi-Fi and Premier Investments posting small gains, and Harvey Norman and Super Retail Group modestly weaker. The supermarket giants rose, with Coles owner Wesfarmers gaining 0.9 percent to $44.18 and Woolworths adding 0.5 percent to $27.05.

The market's biggest stocks were relatively steady. ANZ was the weakest of the big four banks, dropping 0.5 percent to $28.67, while its rivals posted very modest falls. Rio Tinto dropped 0.2 percent to $70.14 and BHP Billiton added 0.1 percent to $27.69.

The Australian dollar is stronger due to improved sentiment in some metals markets, and a fall for the US dollar after the Democrats won the Alabama Senate race, which could have implications for the passage of US President Trump's US tax reforms through Congress.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6103 10 0.16
S&P/ASX 200 6022 9 0.14
Currency Close Pts Change % Change 
$A vs $US 0.7573 0.0019 0.25
$A vs GBP 0.5680

0.0011

0.19
$A vs EUR 0.6442 0.0009 0.13
$A vs YEN 85.83 0.07 0.08
$A vs $NZ

1.0907

0.0018

0.16

MARKET REPORTS LATEST NEWS