Market Update: S&P/ASX200 Ended in Green. What Investors Should Know?

On October 14, 2019, S&P/ASX200 ended the session in green, as the index witnessed a rise of 35.8 points or 0.5% on an intraday basis to end the session at 6642.6. On the same day, All Ordinaries encountered an increase of 0.5% or 36 points to end the session at 6757.9. As the market players are aware, broader movement of the Australian stock markets is largely dependent upon the performance of global stock markets as well as health of Australian economy. Any sort of global economic uncertainties which could weigh over the performance of Australian economy can also impact Australian equities. In the event of economic downturn, investors tend to reduce their deployments in equities largely because of the risk associated. Also, some of the investors sell their holdings in equities. The market participants make deployments towards the assets which carry lesser risks.

We would now have a look at how individual stocks performed on ASX. On October 14, 2019, CYBG PLC (ASX: CYB) ended the session in green, as the stock price encountered a rise of 12.093% on an intraday basis to end the session at A$2.410 per share. On the same day, Silver Lake Resources Limited (ASX: SLR) and Saracen Mineral Holdings Limited (ASX: SAR) closed the day’s session in red, as the share prices of these stocks witnessed a fall of 9.179% and 8.333%, respectively, on an intraday basis.

We have provided some important information about the stocks and we advise the readers to have a quick look at the same. We covered Pacifico Minerals Ltd (ASX: PMY) and provided some crucial information about the company which could be beneficial for the investors. To have a quick glance, please click here.

Recent Update on Fisher & Paykel Healthcare Corporation Limited

Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) came forward and issued a release, in which the company upgraded revenue as well as earnings guidance for financial year ending March 31, 2020, after receipt of the regulatory clearance to sell F&P ViteraTM mask in the US. Vitera is new full-face mask utilised in treatment of obstructive sleep apnea.

In the release it was added that the full-year guidance that was given earlier, based on the NZ:US exchange rate of 64 cents, included operating revenue amounting to around $1.17 Bn as well as net profit after tax amounting to around $245 Mn- $255 Mn.

Now, assuming the NZ:US exchange rate of circa 63 cents for balance of the year, FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED has been anticipating full-year operating revenue of circa $1.19 Bn as well as net profit after tax (or NPAT) to be in the ambit of circa $255 Mn-$265 Mn.

CYB Daily Technical Chart (Source: Thomson Reuters)


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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

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