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.
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the US economy resurfaced and the number of coronavirus cases in the country climbed.MORE >
The Australian share market has rallied hard in its final minutes for its best day ever after Prime Minister Morrison announced the government's fiscal stimulus measures.
Monday, 30th March, 2020
The ASX200 benchmark index gained 163.1 points in the final 24 minutes of trade to finish Monday up 399 points, or 7.0 percent, to 5,181.4 points. The All Ordinaries index rose 319.8 points, or 6.56 percent, to 5,194. The gains came after Mr Morrison disclosed details of a $130 billion stimulus package including $1500 a fortnight "job keeper" payments to subsidise wages and keep Australians employed.
All sectors were higher with health care gaining the most, 11.4 percent, as CSL jumped 12.0 percent to $312.68 and Mayne Pharma soared 26.9 percent to 33 cents in the best move of any ASX200 component. Ansell was the second-best ASX200 performer, adding 25.1 percent after announcing it had experienced a surge demand for its protective hand and body equipment.
All the big banks were higher, with ANZ gaining 8.5 percent to $16.78, NAB up 7.9 percent to $16.31, Westpac up 8.5 percent to $16.16 and Commonwealth Bank rising 10.9 percent to $63.95. IAG rose 10.9 percent to $6.40 after leaving its FY20 guidance unchanged as its overall year-to-date profitability is expected to absorb higher net natural peril claim costs and severe investment market movements. Wesfarmers rose 11.3 percent to $35.89 and Woolworths rose 9.6 percent to $38.14. In the heavyweight mining sector, BHP gained 4.0 percent to $30.20, Rio Tinto added 2.1 percent to $87.54 and Fortescue Metals rose 5.2 percent to $10.10.
The Australian dollar meanwhile was buying 61.48 US cents, up from 61.08 US cents as the market closed on Friday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6144||-0.0034||-0.55|
|$A vs GBP||0.4953||
|$A vs EUR||
|$A vs YEN||66.29||-0.06||-0.09|
|$A vs $NZ||
With the conclusion of Daylight Saving in the Southern States on Sunday the 5th of April, 2020 ASX trading hours (in Queensland) change to 10:00am - 4:00pm as of Monday the 6th of April.
Our office hours remain as 8.30am - 5.00pm.