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.
The benchmark S&P 500 index ended little changed after oscillating between positive and negative territory throughout the session after Citigroup kicked off the earnings season with a mixed quarterly report.MORE >
The Australian share market has closed down for a third day, its first three-day losing streak since late May.
Tuesday, 16th July, 2019
The ASX200 index finished down 12 points, or 0.18 percent, to 6,641 points, while the broader All Ordinaries was down 10.4 points, or 0.15 percent, to 6,735.8.
The energy, telecommunications and tech sectors were all down more than a percentage point, but the utilities and property sectors posted gains and consumer, mining and industrial stocks were collectively flat. Rio Tinto dropped 0.6 percent to $103.25 after the mining giant said production was down because of weather and that design complications at an underground copper mine it is building in Mongolia could cost it an extra $2.7 billion. But BHP was up 0.4 percent to $41.16 and Fortescue Metals up 1.7 percent to $8.99 after the price of iron ore rose two and a half percent.
The energy sector was the worst-performing one of the day, down 1.4 percent, after the price of oil closed lower overnight following production in the Gulf of Mexico resuming as the threat from Tropical Storm Barry passed. Woodside Petroleum was down 2.2 percent to $35.06, while Oil Search shares dipped 2.2 percent to $7.18 after the PNG company announced its second-quarter production had dipped five percent to 6.9 million barrels of oil equivalent.
The big banks were all lower, with Westpac down 0.5 percent to $27.66, NAB down 0.7 percent to $26.84, Commonwealth down 0.3 percent to $80.85 and ANZ down by a single cent, to $26.99. Consumer stocks were flat overall following a report by ANZ that consumer confidence fell, with more people feeling cautious about the state of the economy and their own finances. Kmart owner Wesfarmers was up 0.4 percent to $38.03, while Woolworths slid 0.1 percent to $34.06. In the defensive property sector, Vicinity Centres, Scentre Group and Dexus were all up between 1.5 and two percent..
The Aussie dollar is buying 70.34 US cents, from 70.33 US cents on Monday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7025||-0.0011||-0.16|
|$A vs GBP||0.5632||
|$A vs EUR||0.6247||-0.0003||-0.05|
|$A vs YEN||75.96||0.02||0.02|
|$A vs $NZ||
Monday 10th June is a non-trading day due to the Queen's Birthday public holiday in some states of Australia.
Normal ASX trading hours resume from Tuesday 11th in Queensland, that being from 10.00am - 4.00pm.
Our office hours remain 8.30am - 5.00pm.