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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.

 
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Morning (AM) Market Report

Wall Street's main indexes have marched higher, driven by gains in Wal-Mart and technology shares, while investors await a vote on the Republican tax bill.

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Afternoon (PM) Market Report

The Australian share market has closed higher with gains for consumer, banking and IT stocks continuing a positive lead-in from Wall Street on Friday


Friday, 17th November, 2017

The ASX200 index was up 0.23 percent at 5,957.3 at 1630 AEDT despite a flat performance for energy and mining stocks.

US markets made strong gains overnight following the passage in the United States House of Representatives of a tax reform package that would reduce the corporate tax rate from 35 per cent to 20 percent, among other measures.

Shares Kogan rose by 12.6 percent to $4.29 after founder Ruslan Kogan revealed revenue growth of 36.2 percent for the four months to October 31. Australia's four major banks closed higher with ANZ up 0.6 percent, National Australia Bank up 0.4 percent higher, Westpac by 0.3 percent Commonwealth Bank up 0.1 percent. With iron ore prices slightly off the big miners ended mixed - BHP Billiton down 0.6 percent, Rio Tinto down 0.5 percent and Fortescue Metals up 1.5 percent.

Takeover target Santos picked up further, up by 1.2 percent to $5.01, while Woodside Petroleum fell 0.4 percent and Oil Search dropped 0.6 percent. Virgin Australia's share price leaped 15 percent to 26.6 cents in activity that earned a query from the ASX. Shares in gaming giant Tabcorp were up 5.1 percent, at $4.99 percent after the Australian Competition Tribunal again approved its merger with rival Tatts.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6038 15 0.25
S&P/ASX 200 5957 14 0.23
Currency Close Pts Change % Change 
$A vs $US 0.7570 -0.0015 -0.20
$A vs GBP 0.5722

-0.0025

-0.44
$A vs EUR 0.6413 -0.0028 -0.44
$A vs YEN 85.23 -0.52 -0.61
$A vs $NZ

1.1068

0.0002

0.02

MARKET REPORTS LATEST NEWS