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. shares finished lower overnight as investors digested some lacklustre corporate earnings, while some key macro data showed a mixed picture, media reports said.MORE >
The local market opened lower today and continued to fall amid broad based selling.
Wednesday, 26th October 2016
All sectors performed poorly with consumer staples being the most laggard. The Australian dollar gained against most major currencies.
The All Ordinaries fell 81.20 points (-1.47%) to 5,442.10 while the S&P/ASX 200 declined 83.00 points (-1.52%) to 5,359.80.
Wesfarmers provided quarterly statement of Production, Development and Exploration, and First Half Resources Update. At Curragh, overburden removal for the quarter ended 30 September 2016 was 13.8% higher than the previous quarter. Coal production for the quarter was 2,615,000t, 11.8% lower than the previous quarter. Metallurgical coal production of 1,647,000t was 23.0% lower than the previous quarter and steaming coal production of 968,000t was 17.2% higher than the previous quarter. At Bengalla, the Company's share of coal production for the quarter was 812,000t, 3.3% above the previous quarter due to mine sequencing. There was no significant development activity during the quarter. WES fell $2.51 (-5.71%) to $41.45. ResMed Inc announced results for its quarter ended 30 September 2016. Revenue for the quarter was $465.4m, a 13% increase compared to the same period of the 2015. Excluding the contribution from the Brightree acquisition, revenue for the quarter was $432.4m, a 5% increase. First quarter revenue in the Americas was $301.0m, an 18% increase over the same period of the 2015. Revenue in combined EMEA and APAC was $164.5m, an increase of 5% on a constant currency basis compared to the same period of the 2015. Gross margin in the first quarter was 57.8%. Income from operations for the quarter was $94.1m, a 4 % decline compared with the quarter ended 30 September 2015. The Company board of directors declared a quarterly cash dividend of $0.33 per share. RMD declined 32 cents (-3.81%) to $8.08.
The NZX 50 lost 106.67 points (-1.52%) to 6,896.20 while the Nikkei gained 7.96 points (0.04%) at the time of writing, to be last quoted at 17,373.21.
The Australian dollar was last quoted at 76.88 US cents.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7688||0.0039||0.51|
|$A vs GBP||0.6320||
|$A vs EUR||0.7062||0.0037||0.53|
|$A vs YEN||80.18||0.51||0.64|
|$A vs $NZ||