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 closed higher and the Nasdaq reached an all-time closing high as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the US economic recovery was well under way.MORE >
Australian shares have finished higher for a fourth straight day, in a a mostly quiet session that served as a break from recent extreme volatility.
Friday, 3rd July, 2020
The ASX200 index finished Friday up 25.2 points, or 0.42 percent, at 6,057.9 points, while the All Ordinaries index gained 21.4 points, or 0.35 percent, at 6,163.7.
Energy, industrials and property collectively declined, while health care and telecom shares led gainers, both collectively rising over two percent. CSL rose 2.7 percent to $297.46 and Cochlear advanced 5.9 percent to a three-month high of $204 after announcing the US FDA had approved four new hearing implant products for US sale.
Adbri Limited, the construction group formerly known as Adelaide Brighton, crashed 25.4 percent to a six-week low of $2.35 after advising that Alcoa won't renew a lime supply contract worth $70 million annually when it expires in a year's time. Telstra gained 4.0 percent to a three-month high of $3.36, in its biggest single-day move since November.
The big banks were mixed, with CBA up 0.7 percent to $71.57 and the others losing ground. NAB dipped 0.9 per cent to $18.74 and ANZ and Westpac both fell 0.4 percent, to $19.19 and $18.54, respectively. In the heavyweight mining sector, BHP rose 0.7 percent to $36.26, while Rio Tinto dropped 1.5 percent to $96.39 after cutting reserves at its massive Oyu Tolgoi project in Mongolia. Fortescue Metals was down a cent to $14.02.
The Australian dollar was buying 69.36 US cents, slightly lower from 69.29 US cents at the close of trade on Thursday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6938||0.0020||0.29|
|$A vs GBP||0.5568||
|$A vs EUR||
|$A vs YEN||74.57||0.20||0.27|
|$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.