Market Update: How Australian Markets Performed On September 23, 2019?

S&P/ASX 200 ended the session in green on September 23, 2019, as the index witnessed a rise of 18.9 points or 0.3% to end the day’s session at 6749.7. On the same day, All Ordinaries encountered a rise of 22.1 points or 0.3% to end the session at 6861.1. We would now look at the performance of individual stocks on the Australian Securities Exchange.

On September 23, 2019, IOOF Holdings Limited (ASX: IFL) recorded a rise of 12.02% to end the session at A$6.710 per share and Orocobre Limited (ASX: ORE) witnessed an increase of 6.513% to close the day’s session at A$2.780 per share. On the other hand, Nearmap Ltd (ASX: NEA) and Resolute Mining Limited (ASX: RSG) ended the session in red, as the price of these stocks fell by 4.12% and 3.636%, respectively, on an intraday basis.

We have also provided some key information on Volt Resources Ltd (ASX: VRC), which is important for investors. We advise them to have a quick look at the same by clicking here. Also, we have provided some important information on Greenland Minerals Limited (ASX: GGG) and investors can have a look at the same by clicking here.

Spark New Zealand Announces Appointment of Former Telstra CFO To The Board

New Zealand’s leading digital services company, Spark New Zealand (ASX: SPK) has made an announcement about the appointment of former CFO of Telstra, Mr. Warwick Bray, as a non-executive director to its Board.

Mr. Warwick Bray holds over 40 years of experience when it comes to the international telecommunications, technology and media sectors, and holds Bachelor of Science (Hons) and Masters in Business Administration (or MBA) from the University of Melbourne.

Spark New Zealand has also appointed Chief Executive Ms. Jolie Hodson as an executive director.

Turners Automotive Announces Dividend

Integrated financial services group, Turners Automotive Group Limited (ASX: TRA) has declared a FY20 quarterly dividend amounting to 4 cents per share, fully imputed. The Board of the company anticipates full-year dividend to be over 17 cents per share, fully imputed. Following are some of the key points to be noted:

  • In the month of May, dividend pay-out policy was increased to 60-70% of NPAT.
  • Record date for the quarterly dividend is October 15, 2019.
  • Pay date for the quarterly dividend is October 22, 2019.

Rhinomed Target Overseas Sales and Store Rollout; Raises A$6.0 Million via Institutional Placement

Rhinomed Limited (ASX: RNO) has raised A$6.0 million through an institutional placement at A$0.22 a share. Following points are important for investors:

  • Equity placement was supported by multiple new institutional investors as well as existing shareholders.
  • Capital raising aimed at supporting new product rollout and substantial growth in sales and store rollout throughout the United States, Europe and Australia.
  • Placement price of A$0.22 per share reflects an 8.3% discount to closing price of the company on September 18, 2019 and a discount of 6.6% to last 5-day VWAP.

IFL Daily Technical Chart (Source: Thomson Reuters)


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