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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 has sunk 0.5 percent as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade war fears.

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Afternoon (PM) Market Report

The Australian share market has closed lower again, with energy and materials stocks dragging the ASX back toward last week's six-month low.


Tuesday, 23rd October, 2018

The ASX200 index ended down 61.8 points, or 1.05 pe cent, at 5,843.1 points, while the broader All Ordinaries was down 1.02 percent.

The energy sector was comfortably the worst performing, dropping early and declining further throughout the day to close 3.2 percent down. The resources sector dropped away after early gains, with Rio Tinto and BHP closing down 1.1 and 0.8 percent respectively. Coronado Global Resources, Australia's biggest coal mining IPO since 2012, closed 10 percent below its float price of $4.00 on its first day of trade.

The heavyweight financial sector also fell after a choppy overnight session on Wall Street, with ANZ leading the declines among the big four banks with a 1.9 percent drop to $25.29. Commonwealth Bank was the best performing of the major lenders, falling 1.1 percent to $66.61 after announcing the sale of its 80 percent stake in an Indonesian life insurance business for $426 million. The healthcare sector is down about 17 percent since the end of August following a fourth straight session of losses. Private hospital operator Healthscope leapt nearly 20 percent to $2.13 after becoming the target of a $4.11 billion takeover bid involving AustralianSuper for the second time in six months, but sector giant CSL slipped another 1.9 percent to $3.58.

Meanwhile, the Australian dollar slipped to 70.65 US cents from 71.09, as the previous day's optimism over Chinese policy stimulus faded.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 5945 -61 -1.02
S&P/ASX 200 5843 -62 -1.05
Currency Close Pts Change % Change 
$A vs $US 0.7056 -0.0011 -0.16
$A vs GBP 0.5451

-0.0003

-0.05
$A vs EUR 0.6166 0.0001 0.01
$A vs YEN 79.37 -0.37 -0.46
$A vs $NZ

1.0789

-0.0001

-0.01

MARKET REPORTS LATEST NEWS