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's main indexes ended Wednesday's session lower on concerns that a 'phase one' trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve's October policy meeting appeared to offer little help.MORE >
The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon.
Thursday, 21st November, 2019
The ASX200 index on Thursday closed down 49.5 points, or 0.74 percent, to 6,672.9 points, while the broader All Ordinaries was down 50.6 points, or 0.74 percent, to 6,777.7 points.
Sectors that are exposed to the global economy were down the most, with the export-oriented mining and health care sectors dipping 1.0 per cent and tech stocks down 1.3 percent. The losses came on top of Wednesday's 92-point drop, with the 141-point drop over two day the index's worst two-day performance since a 252-point loss on October 2-3. Westpac was the biggest drag on the market, falling 2.0 percent to $25.16 after Prime Minister Scott Morrison urged the bank to consider chief executive Brian Hartzer's position over the bank's money laundering and child exploitation scandal. Among the other three big banks, NAB dropped 0.3 percent to $26.33, ANZ was down 0.4 per cent to $24.81 and Commonwealth fell 0.3 per cent to $79.33.
In the heavyweight mining sector, BHP dropped 1.4 percent to $36.73, Fortescue Metals was down 1.8 percent to $9.14 and Rio Tinto dipped 1.2 percent to $93.30. Bluescope Steel bucked the trend, gaining 2.0 per cent to $14.25 after executives confirmed at the steelmaker's annual general meeting in Brisbane that it was on track to earn $499 million in the second half. In the health care sector, CSL fell 1.2 percent to $267 and Ramsay Health Care dropped 1.1 percent to $71.58, although Cochlear rose 0.3 percent to $222.62.
The Aussie dollar is buying 67.97 US cents from 67.98 US cents on Wednesday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6799||0.0002||0.02|
|$A vs GBP||0.5257||
|$A vs EUR||0.6139||0.0004||0.07|
|$A vs YEN||73.82||0.09||0.13|
|$A vs $NZ||
With the commencement of Daylight Saving in the Southern States on Sunday the 6th of October, 2019 ASX trading hours (in Queensland) change to 9:00am - 3:00pm from Monday the 7th of October, 2019.
Our office hours remain as 8.30am - 5.00pm.