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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.


Morning (AM) Market Report

US stocks have ended slightly lower as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the US and China.


Afternoon (PM) Market Report

The Australian share market has closed marginally higher after a choppy day in which better than expected jobs numbers caused the local bourse to lose some of its midday gains.

Thursday, 18th April, 2019

The ASX200 index finished up 3.4 points, or 0.05 percent, to 6,259.8 points, while the broader All Ordinaries fell 0.4 points to 6,349.9.

The statistics, showing 48,300 more Australians in full-time employment during March, take pressure off the Reserve Bank of Australia to cut interest rates, which is why the market dipped, Mr Tao explained. The ASX200 fell 20 points in four minutes after the report was released, but shot up in the final minutes of trade to close the day ahead.

Energy stocks were collectively up 1.09 percent, with Whitehaven Coal gaining 6.44 percent to $4.46 after word that its proposed $1 billion Winchester South coal mine southeast of Moranbah would be fast-tracked for consideration by the Queensland government. Woodside Petroleum, Caltex Australia and Santos all gained as well, led by Calex, up 2.36 percent to $27.36. The big banks were all up slightly, with ANZ gaining the most, 0.22 percent to $26.78.

A decrease in the price of iron ore as Vale was set to re-open its Brucutu mine in Brazil continued to drag on miners, with BHP dipping 0.18 percent to $38.23, although Rio Tinto rose 1.39 per cent to $97.74. Galaxy Resources dropped 11.62 percent to $1.635 - a 23-month low - after the lithium miner reported the US-China trade war had hurt demand for the element in China and that it was holding off selling its Sal de Vida lithium deposit in Argentina.

Kogan.com shares rocketed up 18.63 percent to $5.35 - a six-month high - after the internet retailer reported 23.4 percent year-on-year customer growth and announced two lines of business: Kogan Energy Compare and Kogan Cars. Bubs Australia shares gained 10.13 per cent to 87 cents - a 10-month high - after announcing a deal to sell its infant formula in the 450 Chemist Warehouse locations across the country.

The Aussie is buying 71.85 US cents, down from 71.97 US cents on Wednesday.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6350 -- --
S&P/ASX 200 6260 3 0.05
Currency Close Pts Change % Change 
$A vs $US 0.7181 0.0010 0.14
$A vs GBP 0.5507


$A vs EUR 0.6356 0.0008 0.12
$A vs YEN 80.36 0.03 0.04
$A vs $NZ




18 December 2018



Office Hours 

With Daylight Saving ending in New South Wales and Victoria on Sunday, 7th April, 2019, ASX trading hours in Queensland revert to 10.00am - 4.00pm.

Our office hours remain 8.30am - 5.00pm.