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 three major indexes have climbed to fresh record closing highs with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.MORE >
The Australian share market has closed lower, driven by falls in banking and utilities stocks.
Friday, 15th December, 2017
The big four banks were all in the red with Commonwealth Bank down 0.6 percent to $79.94, National Australia Bank, which held its annual general meeting on Friday, shedding 0.4 percent to $29.69, Westpac falling 0.6 percent to $31.37 and ANZ dropping by nearly one percent to $28.22. Property shares joined the retreat with Westfield Corporation down 1.5 percent after soaring almost 14 per cent earlier in the week amid the excitement of the Unibail-Rodamco takeover.
The major miners were higher with Rio Tinto up 1.1 percent and Fortescue Metals rising 2.1 percent, while BHP Billiton was flat. Energy shares were mixed with Santos and Woodside Petroleum both down 0.8 percent, while Oil Search was up 0.4 percent.
Crown Resorts lifted four percent after the casino operator announced a string of asset sales that could deliver a windfall of nearly $700 million. Road toll operator Transurban gained after coming out of a two-day trading halt after it successfully tapped investors for $1.9 billion to fund the West Gate Tunnel project in Melbourne. Shares in Transurban rose 4.8 percent to $12.80..
Meanwhile, the Australian dollar has held on to the gains it made against the US dollar following better-than-expected jobs data on Thursday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7675||0.0010||0.13|
|$A vs GBP||0.5713||
|$A vs EUR||0.6513||0.0004||0.06|
|$A vs YEN||86.13||-0.02||-0.02|
|$A vs $NZ||