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.
All three major US stock indexes made solid gains on the heels of the longest weekly losing streak in over a year for both the S&P 500 and the Dow.MORE >
Australia's share market has slipped late to close fractionally lower in what one analyst says is probably a good result given recent activity.
Monday, 28th September, 2020
The ASX200 benchmark index closed lower by 12.6 points, or 0.21 percent, to 5952.3 points on Monday. The index was mostly lower for the first two hours of trade and reached a session low of 5941 points. It later rose to a high of 5977.3 and traded higher for most of the last four hours. The All Ordinaries index finished down by 5.6 points, or 0.09 percent, to 6134.9.
Consumer staples had the biggest fall, 2.18 percent, while financials and materials were down less than one percent. Information technology had the greatest gain of 1.87 percent. Travel stocks received a boost after the federal government said the October 6 budget would include financial support for airlines to keep key domestic and regional routes running amid an industry slump from the coronavirus. In addition, Trade Minister Simon Birmingham indicated arrangements allowing travel between Australia and New Zealand could be in place before the end of the year. Webjet finished higher by 6.56 percent to $3.90, Qantas was up 6.44 percent to $4.13 and regional airline Rex jumped by 6.75 percent to $1.26. In the buy now, pay later space, Afterpay gained 5.07 percent to $79.80.
Among the major market movers, the banks, ANZ was down 1.28 percent to $17.70, the Commonwealth was lower by 0.97 percent to $65.49, NAB declined by 0.82 percent to $18.22 and Westpac fell by 1.14 percent to $17.38. In mining, BHP was down 1.25 percent to $37.13, Rio dropped 1.48 percent to $96.55 and Fortescue was down by 0.31 percent to $15.86.
The Australian dollar was buying 70.48 US cents at 1726 AEST, lower from 70.60 US cents after the close of trade on Friday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7043||0.0006||0.08|
|$A vs GBP||0.5505||
|$A vs EUR||
|$A vs YEN||74.23||-0.06||-0.08|
|$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.