How Australian Markets Performed On September 19, 2019? Overview Of Key Updates

Australian markets ended the session in green, as S&P/ASX200 closed at 6717.5, reflecting an increase of 35.9 points or 0.5% on an intraday basis. Also, on the same day, All Ordinaries registered a rise of 34 points or 0.5% on an intraday basis to close at 6825.2. As the market players are aware, Australian markets are affected by the overall health of the global economy as well as by news related to the trade war between the US and China. A permanent settlement of the war can positively impact the broader performance of the Australian economy, which in turn, could have a favourable impact on Australian equities. The settlement of the war can prompt Australian investors to make deployments towards stocks. Therefore, it can be said that, to bring stability, the trade war needs to end.

We would now be looking at how the stocks performed on ASX. On September 19, 2019, Brickworks Limited (ASX: BKW) witnessed a rise of 6.367% to end the session at A$17.540 per share, while Speedcast International Limited (ASX: SDA) ended the day’s session by rising 5.983% to settle at A$1.240 per share. On the other hand, New Hope Corporation Limited (ASX: NHC) and Pro Medicus Limited (ASX: PME) ended the session in red, as the prices of these fell by 3.968% and 3.686%, respectively, on an intraday basis.

Diversified Investment House, Washington H Soul Releases FY 2019 Earnings

Washington H. Soul Pattinson and Company Limited (ASX: SOL) came forward and disclosed full-year results today. Its revenue rose firmly to reach $1.61 billion for the period, reflecting an increase of 37.6% over the year. In contrast, profit after tax was lower and stood at $247.95 million, a fall of 7.1% over the year. Following are some of the key points for investors:

  • Announced final dividend amounting to 34 cents per share.
  • 2 cents of dividend growth, on a YoY basis.

Brickworks Surges on ASX after returning 6% Higher Dividend in FY 2019

Brickworks Limited (ASX: BKW) made an announcement about the record underlying NPAT of $234 million from continuing operations, a rise of 4% on FY 2018. Further, it was stated that the total revenue increased by 17% and stood at $919 million in FY 2019. The statutory NPAT declined by 12% to stand at $155 million in FY 2019.

Brickworks also unveiled final dividend of 38 cents a share, which took the FY 2019 total dividend to 57 cents a share, reflecting a rise of 6% as compared to the prior year.

Moho Resources Discovered New Gold Mineralised Systems at Empress Springs

Moho Resources Limited (ASX: MOH) has discovered 2 new gold mineralised zones at Empress Springs:

  • New Au-Ag-As-Zn-Cu-Pb-Sn zone at Yappar prospect
  • Gold-only zone discovered at Wilson Bore prospect.

What to expect now?

  • The company would now review recent drilling results as well as other exploration data with Dr Jon Hronsky and Dr Gregg Morrison.
  • It is planning as well as executing a new Aboriginal heritage survey over proposed future exploration targets.

BKW Daily Technical Chart (Source: Thomson Reuters)


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