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.
Trade-sensitive technology stocks rose 1.1 percent, adding the most to the S&P 500. Semiconductor companies, which derive much of their revenue from China, especially climbed. The Philadelphia SE Semiconductor Index advanced 1.9 percent.MORE >
The Australian share market has closed higher on positive signs for easing US-China trade tensions and a deal on Brexit.
Tuesday, 22nd October, 2019
The ASX200 index closed on Tuesday up 19.7 points, or 0.3 percent, to 6,672.2 points, while the broader All Ordinaries was up 20.9 points, or 0.31 percent, to 6,778.6 points.
The mining sector was up the most, 1.1 percent, with BHP climbing 1.2 percent to $35.39, Rio Tinto up 1.5 percent to $89.43 and South32 surging 6.6 percent to $2.60. Goldminers were under pressure, however, with Newcrest down 2.5 percent and Evolution falling 3.3 percent, although Saracen Minerals climbed 4.8 percent after announcing record production for the September quarter.
Tech was the worst-performing sector, down 0.4 per cent, with trade in WiseTech Global and ISignthis still frozen and Megaport shares down 4.5 percent, despite announcing a 13 percent rise in monthly recurring revenue for the September quarter, to $4.1 million. Afterpay gained 1.9 percent to $29.21 and Zip Co gained 3.9 percent to $4.30 after several days of losses for both companies.
Cochlear fell 5.5 percent to a two-month low of $202.42 after chairman Rick Holliday-Smith reaffirmed the hearing aid maker's guidance at its annual general meeting. Super Retail Group fell 8.6 percent to $8.74 after the Rebel Sports and Supercheap Auto owner said it had to boost spending on promotions to maintain sales "in response to a cautious consumer".
The big banks were mostly up, with ANZ gaining 0.4 percent to $27.83, NAB up 0.5 percent to $29.01 and Westpac up 0.3 percent to $28.98. Commonwealth was the outlier, falling 0.2 percent to $79.66.
The Aussie dollar is buying 68.80 US cents, from 68.59 US cents on Monday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6872||0.0004||0.06|
|$A vs GBP||0.5300||
|$A vs EUR||0.6164||0.0004||0.07|
|$A vs YEN||74.63||0.04||0.05|
|$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.