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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

The S&P 500 fell for a 5th straight day and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.

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Afternoon (PM) Market Report

A third straight day of monster losses for the Australian share market has come close to wiping out the local bourse's phenomenal gains since the start of the year.


Wednesday, 26th February, 2020

The ASX200 index finished down 158.5 points, or 2.31 percent, at 6,708.1, while the broader All Ordinaries index plunged 163.1 points, or 2.35 percent, to 6,709.7.

Melbourne biotech company PolyNovo was the biggest ASX200 loser, falling 20.5 percent after reporting a $2.4 million loss, although that still leaves it up 21.8 percent on the year. CSL fell 4.1 percent to $310.59, down from an all-time high of over $340 last week. Woolworths dropped 2.7 percent to $40.73 after reporting a 7.7 percent drop in first-half profit, to $887 million. Mining giant BHP fell 2.2 percent to $35.55, while Rio Tinto dropped 1.8 percent to $91.89 and goldminer Newcrest fell 2.9 percent to $28.24. Construction material and lime producer Adelaide Brighton dropped 5.0 percent to $2.88 after reporting a 74.5 percent drop in full-year net profit, to $47.3 million, amid a weak Australian residential construction market.

All of the big banks fell considerably, with Commonwealth dropping 1.7 percent to $85.35, NAB down 2.1 percent to $26.24, Westpac down 1.7 percent to $24.66 and ANZ down 2.0 percent to $26.07. A few companies posted gains. Healius rose 15.2 percent to a three-month high of $3.18 after announcing a Swiss private equity firm had made a tentative $2 billion takeover offer of $3.40-per-share for the medical centre, pathology and imaging group. Funeral home group Invocare rose 13.6 pe cent to a six-month high of $14.48 after reporting a 54.6 percent rise in full-year profit after the number of deaths rebounded from an unusual dip in 2018. Nine Entertained gained 6.5 percent to $1.72 after the media company announced it would cut costs by $100 million over three years.

The Australian dollar meanwhile was trading near a 11-year low of 65.88 US cents, down from 66.12 US cents on Tuesday.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6791 -163 -2.35
S&P/ASX 200 6708 -158 -2.31
Currency Close Pts Change % Change 
$A vs $US 0.6579 -0.0025 -0.37
$A vs GBP 0.5067

-0.0012

-0.23
$A vs EUR 0.6050 -0.0020 -0.33
$A vs YEN 72.58 -0.23 -0.32
$A vs $NZ

1.0418

-0.0029

-0.27

MARKET REPORTS LATEST NEWS
18 December 2018

News

Office Hours 

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. Our office hours remain as 8.30am - 5.00pm.