Mar 31, 2020
On 31 March 2020, most of the sectors on ASX closed in red except sectors like Information Technology, Real estate and Emerging companies index.
Benchmark index S&P/ASX 200 dropped by ~ 2% from the previous close & settled at 5,076.8.
Sectors like A-REIT, Emerging Companies and Information Technology improved by 2.84%, 6.1% and 1.05%, respectively. On the other hand, Consumer Staples sector was the worst performing sector for the day. It slipped by 5.85% and closed at 11,676.4.
From the Consumer Staples sector, the shares of Coles Group Limited (ASX: COL) dropped by ~ 10% after the release of an announcement that Westfarmers sold 5.2% of issued share Capital of Coles. The shares of Woolworths Group Limited (ASX: WOW) tumbled by ~8%.
CSL Limited (ASX: CSL) shares slipped by ~ 5.12% while ResMed Inc (ASX: RMD) shares soared by ~ 2.4%.
Let’s look at the best and worst performing stock for the day.
Mar 31, 2020
GBM Resources (ASX:GBZ) inks a binding term sheet for a strategic Option to Purchase and exploration farm-in agreement along with a share swap with Novo Resources Corporation related to the Malmsbury Project in central Victoria.
Mar 31, 2020
Background screening and verification company, CV Check Limited (ASX: CV1) has been integrated into LinkedIn’s Talent Hub platform, making it the first company in APAC region to do so. LinkedIn Talent Hub is an applicant tracking system (ATS) platform which enables companies to source, manage and hire candidates in one place. The integration enhances CVCheck’s platform that would allow automated ‘self-serve’ onboarding of small businesses from LinkedIn Talent Hub.
Mar 31, 2020
Noxopharm (ASX:NOX) updated its shareholders and the market with the corporate presentation revealing investment highlights, clinical and commercial strategy along with market opportunities.
Noxopharm disclosed the aim of the next trial, including key interim results from its LuPIN trial.
Moreover, the Company highlighted prostate cancer market opportunity and mentioned that ~33,330 prostate cancer deaths are anticipated in the United States in 2020, and all of these patients could be benefited from treatment with Veyonda®.
Further, Noxopharm also disclosed recent acquisitions in the prostate cancer space.
Mar 31, 2020
The Star Entertainment Group Limited (ASX:SGR) defer the payment date of the 1H FY2020 dividend from 1 April 2020 to 2 July 2020.
Mar 31, 2020
Worley Limited (ASX: WOR) had been awarded contracts for PT Pertamina EP Cepu’s (PEPC) new sulfuric acid plant in Indonesia by PT Enviromate Technology International (ETI) and Shell Global Solutions International BV (Shell).
Under the contracts with Shell, WOR will provide Chemetics® proprietary Cooled Oxidation Reactor (CORE™) technology.
Under the contract with ETI, WOR will deliver operator training, technical services for plant erection, commissioning and testing. Moreover, WOR will engineer and design a new sulfuric acid plant featuring Chemetics® proprietary CORE™ technology.
Chevron Australia Pty Ltd also awarded Worley with an extension to its existing services for another two years.
Mar 31, 2020
Windlab Limited (ASX: WND) has announced it has entered into $20 million subordinated debt facility deal with Squadron Energy Pty Ltd & Federation Wind Acquisition Pty Ltd. The debt facility would provide the company with access to funds for managing liquidity through any future project interruptions.
The drawdown of loan depends on completion of customary conditions precedent which includes the granting of second ranking security across the Windlab group.
Mar 31, 2020
In a recent letter to shareholders, oro-mucosal drug delivery company, SUDA Pharmaceuticals Ltd (ASX:SUD) has outlined the steps taken by the company owing to coronavirus pandemic. The Company reported the following measures it is taking amidst crisis:
In addition, the Company mentioned that it is continuing to work through and promote its existing projects with national and international partners.
Mar 31, 2020
Collins Foods Limited (ASX: CKF) has provided update on the impact of the global COVID-19 pandemic on its business and recent sales trends.
Collins Foods’ Managing Director & CEO Graham Maxwell said that the company is reviewing the situation daily & taking advice from the relevant Government authorities along with Yum! to ensure best care for the health & safety of its staff and customers.
As of 18 March 2020, KFC Australia and Taco Bell have closed their in-restaurant dining areas & moved their focus to take-away, drive-thru as well as delivery.
These channels signify at least 80% of total sales for KFC Australia.
Mar 31, 2020
Gentrack Group Ltd (ASX:GTK) revealed that its half-year guidance to 31 March 2020 remains as previously informed.
The Company mentioned EBITDA being in between NZD 2-3 million and confirms its previous decision to withdraw full-year guidance as a result of the ongoing uncertainty surrounding the duration and scale of the coronavirus outbreak.
It is noteworthy that Gentrack is suspending the restrictions under its Share Trading Policy, including suspension of the current “Blackout” period that forbids such trading in GTK shares.
Mar 31, 2020
EML Payments Limited (ASX: EML) provided an update on renegotiated terms to acquire Prepaid Financial Services (Ireland) Limited. As an outcome of this deal, EML Payments expects that it would become one of the largest global prepaid FinTech enablers. Key highlights-
Mar 31, 2020
Allegiance Coal Limited (ASX: AHQ) has entered a US$25M loan terms sheet with Nebari and it will contribute to the start-up capital requirement of the New Elk Mine as set out in the Start-up Mine Plan.
The term of the Loan is 36 months from the date of drawdown with repayments commencing 18 months after drawdown of the first tranche.
At AEDT 12:41PM, the stock was trading at $0.080 per share, down by 5.882% from its previous close.
Mar 31, 2020
Cooper Energy (ASX: COE) provides an update on the status of the Sole Gas Project and the impact of COVID-19 on operations and plans.
At AEDT 12:56 PM, the stock was trading at 0.440 per share, up by 2.326% from its previous close.
Mar 31, 2020
The Reserve Bank of Australia has created a Term Funding Facility (TFF) to propose three-year funding to authorised deposit-taking institutions (ADIs). The facility has two objectives:
Mar 30, 2020
On 30 March 2020, most of the sectors on ASX have again shown significant improvement.
Benchmark index S&P/ASX 200 soared by 7% from the previous close & settled at 5,181.4 post the Australian government announced a $130 billion Stimulus package.
Amongst all the sectors, Health Care, bank, Consumer Discretionary and Financials improved by more than 8%.
From the banking sector, Australia and New Zealand Banking Group Limited (ASX:ANZ) improved by ~ 8.47%, Westpac (ASX:WBC) by 8.53%, National Australia Bank Limited (ASX:NAB) by 7.87% and Commonwealth Bank of Australia (ASX:CBA) by ~10.91%
CSL Limited (ASX:CSL) soared 12.024% by the closure of the market and settled at $312.68.
Let’s look at the best and worst performing stock for the day.
Mar 30, 2020
In a considerable development, the Australian PM, Mr Scott Morrison has declared a $130 billion package to help businesses preserve jobs amidst coronavirus crisis. Mr Morrison’s “Job Keeper package” involves an allowance of $1,500 per employee per fortnight for the next six months.
Mr Morrison notified:
Mar 30, 2020
Insurance Australia Group Limited (ASX:IAG) polishes the 2020 calendar of key dates, which now looks like below:
Closing date for receipt of nominations for IAG Board- 6 August 2020.
Full year results to 30 June 2020-7 August 2020.
Final dividend – ordinary shares