Market Update: How Equity Markets Performed on 8th April 2020

  • Apr 08, 2020 AEST
  • Team Kalkine
Market Update: How Equity Markets Performed on 8th April 2020

The equity market of Australia ended in red on 8th April 2020.  The benchmark index S&P/ASX200 experienced a fall of 45.4 points to 5206.9. At the end of day, most of sectors on ASX closed in red such as S&P/ASX 200 Energy (Sector), which went down by 1.33% and stood at 6,686.6. S&P/ASX 200 Materials (Sector) experienced a fall of 92.6 points to 11,382.4. All Ordinaries at the close of session settled at 5258.8, down by 42.5 points.

Let us now look at performance of some companies, which performed well and filled the pocket of investors. Virgin Money UK Plc (ASX: VUK) gained 12.5% and settled at $1.440. Unibail-Rodamco-Westfield (ASX: URW) rose by 10.889% to $4.990 per share. Vicinity Centres (ASX: VCX) closed at $1.310, reflecting a rise of 10.549%.

S&P/NZX50 ended the trading session at 10,032 with a rise of 2.26% on an intraday basis. Scott Technology Limited (NZX: SCT) soared 21.43% to NZ$1.700. Smartpay Holdings Limited (NZX: SPY) inched up by 20.00% and ended at NZ$0.360. On the other hand, Metlifecare Limited (NZX: MET) plunged 17.41% to NZ$3.510.

Recently, we have penned an article on First Au Ltd (ASX: FAU) and readers can click here to know the information.

Virgin Money UK Plc Ended in Green on 8th April 2020

Virgin Money UK Plc (ASX: VUK) recently notified the market with the performance of Q1 FY20, wherein it reported customer deposit growth of 1.6% to £64.8 billion. It reported business lending growth of 2.5% to £8.1 billion, which indicates good organic business lending growth as well as a strong contribution during the period from customers switching from RBS. During the period, its net interest margin stabilised at 160 basis points and it anticipates NIM for FY20 in the range of 160 bps-165 bps. The company is strongly capitalised with a CET1 ratio of 13.1%, reflecting a fall of around 0.20 bps.

Unibail-Rodamco-Westfield Rose 10.889% on Australian Stock Exchange

Unibail-Rodamco-Westfield (ASX: URW) recently stated that it has implemented partial activity measures in various countries for protecting its employees from COVID-19 Pandemic. The Group CEO, CFO, and all members of the Group’s Senior Management Team have decided to decrease their remuneration by 25% for the period during which partial activity measures would be in place. In addition, members of its Supervisory Board have taken an initiative to decrease their fees by the same percentage. Moreover, all the senior executives of its US and European management committees have decreased their fixed income by 20%. This decreased amount will be donated to support the efforts and to deal with COVID-19 pandemic in all countries in which it operates. On 2nd April 2020, the company announced successful placement of €1.4 Bn of bonds, which would be utilised for general corporate purposes, including the refinancing of debt maturing in 2020.

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) 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.

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