Market Update: Australian Market Ended in Green on 24th March 2020

  • Mar 24, 2020 AEDT
  • Team Kalkine
Market Update: Australian Market Ended in Green on 24th March 2020

The equity market of Australia settled in green at the end of trading session on 24th March 2020. The benchmark index S&P/ASX200 settled at 4735.7 with a rise of 4.17%. S&P/ASX200 has lost 10.54% and 23.56% over the last five days and 52-weeks, respectively. Notably, S&P/ASX 300 Metals and Mining (Industry) went up by 182.5 points and stood at 3,438.7. S&P/ASX 200 Information Technology (Sector) experienced a rise of 6.64% to 904.2. At the close of same trading day, All Ordinaries ended at 4753.3, which showcased a rise of 189.2 points.

Some companies on ASX has performed well and closed the session in green like Credit Corp Group Limited (ASX: CCP), which soared 45.92% and closed at $9.120 per share. Afterpay Limited (ASX: APT) settled the session at $11.210 per share with a rise of 25.955%.

S&P/NZX50 went up by 7.18% to 9,109. Moa Group Limited (NZX: MOA) surged 36.00% to NZ$0.136 per share. The Warehouse Group Limited (NZX: WHS) gained 34.67% and closed at NZ$2.020 per share. On the other hand, Abano Healthcare Group (NZX: ABA) witnessed a sharp fall of 20.29% and stood at NZ$2.790 per share.

Recently, we have written an article on Kaiser Reef Ltd (ASX: KAU) and we advise the readers to have a look at the article by clicking here.

Credit Corp Group Limited Rose by 45.92% on 24th March 2020.

Credit Corp Group Limited (ASX: CCP) recently announced that Donald Evan McLay has made a change to holdings in the company by acquiring 25,000 fully paid ordinary shares for a consideration of $514,034. CCP has recently withdrawn its earnings and investment guidance for 2020 because of uncertain impacts, which are arising from the outbreak of novel coronavirus (COVID-19). The company added that these impacts include the potential for increased restrictions on the availability of workforce of the company and the possibility of a drop in economic conditions. 

However, Credit Corp Group Limited possesses strong balance sheet and funding position with $170 million of cash and availability of undrawn credit lines under facility agreements which will mature in 2022 and 2023. The company is well placed to secure favourable investment opportunities as and when they arise.

Afterpay Limited Closed the Trading Session in Green on Australian Stock Exchange.

Afterpay Limited (ASX: APT) recently announced that Elana Rubin has made a change to holdings in the company by acquiring 7,621 fully paid ordinary shares for a consideration of $13.101 per share. The company currently possess more than $1.09 billion of warehouse facilities with major financial institutions and robust liquidity position of over $672.1 million. The cash balance of the company stood at $402.5 million with weighted average life of debt facilities of 2.1 years.


Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice. 

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK