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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

U.S. markets closed marginally lower overnight as weak financials and consumer staples shares outweighed rises in the health-care and biotechnology sectors.


Afternoon (PM) Market Report

The Australian market opened higher today but lost its momentum in late-morning trade.

Friday, 23rd June, 2017

After briefly dropping below 5,700 points, the ASX 200 index bounced back during the afternoon and closed modestly above the red line, with solid gains among health care and mining stocks offsetting weakness in the big banks. Most sectors performed positively, with only financials and utilities posting losses. The Australian dollar appreciated against most major currencies, with the exception of the British pound and New Zealand dollar.

The All Ordinaries added 12.30 points (0.21%) to 5,754.60 while the S&P/ASX 200 gained 9.90 points (0.17%) to 5,715.90.

CSL announced that the U.S. FDA has approved its HAEGARDA the only subcutaneous therapy indicated for routine prophylaxis to prevent hereditary angioedema (HAE) attacks in adolescent and adult patients. HAE is a rare, genetic, and potentially life-threatening condition that causes painful, debilitating, and unpredictable episodes of swelling on the body, including the abdomen, face, larynx, and extremities. HAEGARDA is a self-administered, plasma-derived concentrate of C1 esterase inhibitor (C1-INH) injected twice weekly subcutaneously (just under the skin). CSL lifted $2.33 (1.65%) to $143.33. Rio Tinto has successfully completed its bond tender and redemption exercises announced on 22 May 2017 and has reduced gross debt by a further $2.5bn. Since the start of 2016 it has reduced the nominal value of its outstanding bonds from $21bn to about $9.5bn. The Notes purchased and redeemed have been retired and cancelled and no longer remain outstanding. The early redemption costs are expected to reduce underlying earnings by $180m and cash flow from operating activities by $260m in the first half of 2017. These reductions will be offset by savings in future periods. RIO rose 46 cents (0.79%) to $58.83.

The NZX fell 10.05 points (-0.13%) to 7,553.64 while the Nikkei climbed 22.16 points (0.11%) to close at 20,132.67.

The Australian dollar was last quoted at 75.67 US cents.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 5755 12 0.21
S&P/ASX 200 5716 10 0.17
Currency Close Pts Change % Change 
$A vs $US 0.7567 0.0026 0.35
$A vs GBP 0.5946


$A vs EUR 0.6772 0.0011 0.16
$A vs YEN 84.20 0.28 0.33
$A vs $NZ