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. stocks finished mixed overnight with the Nasdaq reaching a record high ahead of a deluge of tech earnings reports, while the Dow and the S&P 500 faltered following losses in healthcare major Johnson & Johnson.MORE >
The local market opened higher today on the back of mixed results on Wall Street overnight.
Tuesday, 25th July, 2017
The positivity continued throughout the day as stocks remained above the flat-line until close, buoyed by health care stocks and broad-based buying in the big banks. There were mixed results from the sectors; health care and materials gained most significantly while energy was the biggest laggard for the session. The Australian dollar gained against most major currencies.
The All Ordinaries rose 37.30 points (0.65%) to 5,775.30 while the S&P/ASX 200 rose 38.50 points (0.68%) to 5,726.60.
Vicinity Centres announced an on-market buy-back of up to Up to 197.93m stapled securities being 5% of stapled securities on issue for capital management purposes. The buy-back will commence from 17 August 2017 and will end on 24 July 2018. VCX added 9 cents (3.44%) to $2.71. OZ Minerals provided June 2017 quarterly report. Shipments of Prominent Hill concentrates for the quarter totalled 72,458 dry metric tonnes, containing 32,927tCu, 38,006ozAu and 265,295ozAg. The gold hedging strategy implemented in April 2016 was extended by another 17,500oz during the quarter, bringing the total amount of gold hedged to 236,933oz at an average price of A$1,760/oz. Full exposure to the spot gold price continues to be maintained until mid-2018. The 2016 income tax provision of $69m was paid in June 2017. The collaborative venture with Minotaur Resources on the Mt Woods project completed heritage clearances for the Skylark shear zone (20km NW of Prominent Hill). It is anticipated a 90 line/km EM survey will commence in Q3. OZL lost 11 cents (-1.47%) to $7.37.
The NZX 50 added 30.77 points (0.40%) to 7,713.06 while the Nikkei dropped 20.47 points (-0.10%) to close at 19,955.20.
The Australian dollar was last quoted at 79.39 US cents.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7939||0.0013||0.16|
|$A vs GBP||0.6092||
|$A vs EUR||0.6809||-0.0001||-0.01|
|$A vs YEN||88.07||-0.10||-0.11|
|$A vs $NZ||