The equity market of Australia ended in red on 12th June 2020, and S&P/ASX200 tumbled 112.8 points to 5847.8. During the last five days, the index has lost 2.52%. Most of the sectors on ASX ended in red such as S&P/ASX 200 Industrials (Sector), which moved down by 112.7 points to 5,851.5. S&P/ASX 200 Materials (Sector) closed the session at 13,232.6, reflecting a fall of 227.3 points or 1.69%. All Ordinaries settled at 5959.9, indicating a decline of 1.97%.
On ASX, the share price of Seven Group Holdings Limited (ASX: SVW) went up by 1.999% to $17.350 per share. The stock of TPG Telecom Limited (ASX: TPM) closed the session at $8.200 per share with a rise of 1.863%.
Stock Performance (Source: ASX)
S&P/NZX50 experienced a fall of 2.23% and ended the session at 10,906. The share price of AFC Group Holdings Limited (NZX: AFC) rose by 100% to NZ$0.002 per share. The stock of Blackwell Global Holdings Limited (NZX: BGI) soared by 50.00% and closed the day at NZ$0.015 per share. However, the share of New Talisman Gold Mines Limited (NZX: NTL) witnessed a fall of 12.50% to NZ$0.007 per share.
Recently, we have written an article on MRG Metals Limited (ASX:MRQ), and the readers can view the information by clicking here.
Seven Group Holdings Limited Rose 1.999% on Australian Securities Exchange
Seven Group Holdings Limited (ASX: SVW), in a recent presentation, stated that it is a leading operating and investment group with total assets amounting $6.9 billion. SVW is uniquely placed to respond to the crisis via industry-leading equipment. The aim of the group is to maximise return to stakeholders via long-term sustainable value creation. SVW has placed its focus on cash flow and funding to drive financial returns. SVW possesses more than $700 million in new funding and $616 million in existing committed undrawn funding. The company has suspended its guidance for FY20 due to uncertainty around trading conditions caused by COVID-19.
TPG Telecom Limited Ended in Green on 12th June 2020
TPG Telecom Limited (ASX: TPM) recently announced that it expects to pay a fully franked cash special dividend in the range of $0.49 per share to $0.52 per share with the record date of 1st July 2020. On 19th May 2020, the company announced that the Australian Securities & Investments Commission has registered the Scheme Booklet for the proposed merger of TPG and Vodafone Hutchison Australia Limited through a scheme of arrangement. Moreover, the proposed merger has been approved by the Foreign Investment Review Board. The stock of TPM is up by 1.863% due to the announcement of a special dividend.
Ingenia Communities Group Raised $28 million through SPP
Ingenia Communities Group (ASX: INA) recently closed its Security Purchase Plan (SPP) and raised $28 million, which was increased from the original target of $25 million due to strong demand from eligible security holders. This amount would further cement the Group’s balance sheet and provide additional funding capacity.
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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.
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.