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. stocks finished mixed overnight after the Dow extended its hot streak, closing at a record for the tenth session in a row, while the Nasdaq logged its first back-to-back session declines of the year.


Afternoon (PM) Market Report

The Australian market opened in the red this morning and continued to fall throughout the day.

Friday, 24th February, 2017

An overnight fall in commodity prices put pressure on the mining sector with the big miners weighing most heavily on the market. All sectors experienced negative results, with health care being the worst performer for this session. The Australian dollar gained against most major currencies.

The All Ordinaries dropped 45.60 points (-0.78%) to 5,786.90 while the S&P/ASX 200 lost 45.70 points (-0.79%) to 5,739.00.

Charter Hall Group released 1HFY2017 results. During the period, CHC invested a further $115m alongside its capital partners with the its Property Investments increasing by $205m to $1.3bn, generating an earnings yield of 7.0% p.a. The active management and diversification of the its Property Investments portfolio ensured the total portfolio occupancy remained strong at 97.9% and the Weighted Average Lease Expiry (WALE) stable at 7.5 years. The high quality and diversified $19.0bn portfolio comprises 314 properties leased to 2,644 tenants. Its highly skilled internal property sector teams have completed 302 leases in the period totalling 350,000 sqm across office, retail and industrial. CHC jumped 22 cents (4.42%) to $5.20. Super Retail Group announced net profit after tax attributable to owners for the 26-week period to 31 December 2016 of $74.4m which was 65.7% higher than the pcp. Sales increased by 6.9% to $489.2m with like for like sales growth of 3.7%, driven in particular by growth in transaction numbers and average item value. Digital sales increased by 48% on the pcp, driven by customer engagement with the brand's 90-minute click and collect offering. EBIT grew by 10.1% to $53.6m, with the EBIT margin increasing by 0.4%. SUL soared 52 cents (5.34%) to $10.25.

The NZX fell 30.94 points (-0.44%) to 7,058.58 while the Nikkei lost 101.70 points (-0.53%) at the time of writing to be last quoted at 19,269.76.

The Australian dollar was last quoted at 77.16 US cents.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 5787 -46 -0.78
S&P/ASX 200 5739 -46 -0.79
Currency Close Pts Change % Change 
$A vs $US 0.7716 0.0004 0.05
$A vs GBP 0.6143


$A vs EUR 0.7293 0.0007 0.09
$A vs YEN 87.06 0.17 0.19
$A vs $NZ