The equity market of Australia closed in red on 18th June 2020, and S&P/ASX200 settled at 5936.5, reflecting a decline of 55.3 points or 0.92%. Most of the sectors on ASX ended in red, including S&P/ASX 200 Consumer Discretionary (Sector), which closed at 2,406.6 with a drop of 1.95%. S&P/ASX 200 Industrials (Sector) moved down by 58.5 points to 5,947.2. All Ordinaries ended the trading session at 6051.9, indicating a fall of 57.2 points.
S&P/NZX50 witnessed a decline of 0.97% and ended the session at 11,225. The share price of Pacific Edge Limited (NZX: PEB) soared by 17.02% to NZ$0.275 per share. The stock price of New Talisman Gold Mines Limited (NZX: NTL) witnessed a rise of 14.29% on an intraday basis and closed the trading session at NZ$0.008 per share. The stock of Geneva Finance Limited (NZX: GFL) experienced a sharp decline of 6.98% to NZ$0.400 per share.
Recently, we have written an article on Westpac Banking Corporation (ASX: WBC), which could be beneficial for the market participants. Readers can click here to view the content.
SPT Rose By 108.33% on ASX
Splitit Payments Ltd (NZX: SPT) recently announced that it has inked a multi-year agreement with Mastercard Incorporated to ramp up the adoption of SPT’s instalment solution around the world. The company would leverage Mastercard’s network of partners in order to extend and scale instalment functionality to consumers and merchants.
The company would also integrate its instalment solution with Mastercard’s suite of technology as a network partner for enabling merchants to deliver seamless and secure consumer experiences at checkout, both in store as well as online.
Perenti Global Limited Ended in Green on 18th June 2020
Perenti Global Limited (ASX: PRN) recently stated that it has increased the size of its revolving credit facility (RCF) by $130 million. This decision was supported by members of its existing $400 million RCF, which will mature on 1 July 2023. The company will utilise the expanded RCF for replacing its undrawn $45 million revolving credit facility held within the Barminco business. During the COVID-19 crisis, PRN continued to focus on capital and liquidity management. In another update, the company announced that Ian Howard Cochrane has made a change to holding in the company on 28th April 2020 by acquiring 55,073 ordinary shares for the consideration of $36,089.34.
Austal Limited Rose 3.704% on Australian Securities Exchange
Austal Limited (ASX: ASB) has recently stated that the United States Department of Defense has awarded Austal USA a modification to a previously awarded Littoral Contract Ship (LCS) contract. This updated contract provides ASB with a total potential additional value of US$43,362,000. In another update, the company announced that Macquarie Group Limited and its controlled bodies corporate have ceased to become a substantial holder in the company. The company has upgraded its guidance for FY20 and expects revenue of around $2.0 billion and group EBIT of at least $125 million. The company anticipates US shipbuilding EBIT margin in the range of 7.5% – 8.5%. The stock of ASB is up by 3.704% due to the modification in the contract.
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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.
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