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.
U.S. shares finished marginally lower overnight following the release of President Trump's tax plan, which was viewed by the market as brief and lacking in detail.MORE >
The Australian market opened slightly lower this morning, following a soft lead from the U.S. market overnight.
Thursday, 28th April, 2017
The ASX 200 index swung between gains and losses until an afternoon rally led by the big banks helped the market post moderate profits. There were mixed results from the sectors; health care gained most significantly while energy was the biggest laggard. The Australian dollar appreciated against the green back but had mixed results against other major currencies.
The All Ordinaries added 7.60 points (0.13%) to 5,944.40 while the S&P/ASX 200 rose 9.50 points (0.16%) to 5,921.50.
Blackmores provided third quarter results. The Company announced the group sales of $496m for the first nine months, down 6.7% compared to the pcp. NPAT of $43m was down 42.8% compared to the pcp. The Company's Greater Asia region, excluding China, generated sales of $62m, excluding Korea, which is in the process of completing a transition to a new distribution model, core markets in Asia were up 14%. The Company signed a distribution agreement with the Mesa Group, Vietnam's distribution company with a network of 150,000 retail stores. The Company and Mesa will launch a range of 13 products in the coming months. BKL lifted $3.96 (3.86%) to $106.49. Stockland delivered a solid third quarter performance across its diversified property business and has maintained FY17 guidance for growth in Funds from Operations (FFO) per security of 6 - 7%, assuming no material change in market conditions. It remains on track to achieve FY17 Distribution Per Security (DPS) of 25.5c, based on the higher of Total Trust Income or 75 - 85% of FFO, up 4.1% on FY16. Its Residential business achieved 1,891 net deposits in the quarter and 5,984 net deposits in the financial year to date, compared to a total of 4,844 net deposits up to the corresponding point in time in 2016. Its Retirement Living business achieved 244 net reservations in the quarter. SGP gained 3 cents (0.61%) to $4.91. Wesfarmers announced its retail sales results for the third quarter of the 2017. Coles headline food and liquor sales increased by 1.2% during the quarter, with the business investing more in the customer offer. Bunnings Australia and NZ achieved total sales growth of 7.7% during the quarter. In the UK and Ireland, further progress has been made on transition, separation and integration activities following the Homebase acquisition. Kmart's total sales increased 2.5%, extending the performance achieved in the prior period, with further price investments made during the period. Target continued to progress its transition to everyday low prices, recording a decline in total sales of 18.1% during the quarter. WES slid 64 cents (-1.46%) to $43.30.
The NZX climbed 19.48 points (0.27%) to 7,354.61 while the Nikkei lost 37.56 points (-0.19%) to close at 19,251.87.
The Australian dollar was last quoted at 74.88 US cents.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7488||--||0.11|
|$A vs GBP||0.5813||
|$A vs EUR||0.6865||--||0.14|
|$A vs YEN||83.35||0.17||0.20|
|$A vs $NZ||