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. markets finished higher overnight as the Dow ended above 23,000 for the first time ever, buoyed by positive corporate earnings led by IBM.MORE >
The market opened higher today on the back of gains on Wall Street. The positivity continued into the late afternoon and despite stocks falling briefly below the flat line they made a late recovery to finish higher.
Thursday, 19th October, 2017
There were mixed results from the sectors; consumer staples gained most significantly while materials were the biggest laggard. The Australian dollar gained against most major currencies.
The All Ordinaries rose 5.00 points (0.08%) to 5,959.80 while the S&P/ASX 200 rose 5.60 points (0.10%) to 5,896.10.
Alumina provided alcoa third quarter 2017 earnings release. It has received US$272.3m of dividends, distributions and capital returns from AWAC, of which US$56.0m was contributed back to AWAC entities. Therefore, net receipts from AWAC for the same period were US$216.3m, of which US$50.2m and US$132.6m were included in the calculation of the 2016 final dividend and the 2017 interim dividend, respectively. Its net debt was US$127.6m at the end of September 2017. AWC added 3 cents (1.31%) to $2.32. Domino's Pizza Enterprises announced that its majority-owned German JV has entered into a binding agreement to acquire the Hallo Pizza chain of 170 stores in Germany. The purchase price for Hallo Pizza is EUR32m will be payable on completion of the transaction. An additional EUR20 - 30m of costs are estimated to be incurred over the next 24 - 36 months to finance integration, re-branding, store conversion and transaction costs. Its share of these amounts is estimated to be EUR35 - 42m in aggregate and will be financed from cash flow and bank debt facilities. DMP added $1.65 (3.46%) to $49.35.
The NZX 50 gained 9.05 points (0.11%) to 8,124.07 while the Nikkei rose 87.48 points (0.41%) at the time of writing, to be last quoted at 21,450.53.
The Australian dollar was last quoted at 78.51 US cents.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7850||0.0010||0.13|
|$A vs GBP||0.5944||
|$A vs EUR||0.6654||0.0006||0.09|
|$A vs YEN||88.70||0.12||0.14|
|$A vs $NZ||