On 21st May 2020, the equity market of Australia ended in red, and S&P/ASX200 settled at 5550.4, reflecting a fall of 22.6 points. S&P/ASX 300 Metals and Mining (Industry) went down by 0.64% to 4,333.6. S&P/ASX 200 Utilities (Sector) ended the session at 7,510.0, reflecting a decline of 140.9 points or 1.84%. At the end of the same day, All Ordinaries moved down by 0.34% to 5660.9.
Some companies on ASX performed exceptionally well despite the fall in the overall equity market. NRW Holdings Limited (ASX: NWH) rose by 32.727% to $2.190 per share. Perenti Global Limited (ASX: PRN) stood at $1.190, with a rise of 9.174%. Steadfast Group Limited (ASX: SDF) ended at $3.220, indicating an increase of 6.271%.
S&P/NZX50 closed the session at 10,732 with a fall of 0.52%. Evolve Education Group Limited (NZX: EVO) soared by 4.90% to NZ$0.107. PaySauce Limited (NZX: PYS) inched up by 4.76% and settled the session at NZ$0.440 per share. On the other hand, TruScreen Limited (NZX: TRU) witnessed a sharp fall of 7.94% to NZ$$0.058.
Recently, we have written an article on Calima Energy Limited (ASX:CE1), and the readers can click here to view the content.
NRW Holdings Limited Rose 32.727% on Australian Stock Exchange
NRW Holdings Limited (ASX: NWH) has recently provided a trading update for the 10 months to April 2020, wherein it stated that it has experienced no material change to its planned activities in any of its four business divisions. NWH reported record revenue of $1.6 billion and EBITDA amounting to $177 million. It experienced significant improvement in net debt to $115 million as at 30th April 2020. The company added that the integration of BGC Contracting is progressing well and all project teams are currently reporting through the NRW business structure. Considering the continued strong performance of the business, the Board of the company has decided to pay the interim dividend of 2.5 cents per share on 9 June 2020. For FY20, the company is on track to meet the revenue guidance of $2 billion.
Steadfast Group Limited Ended in Green on 21st May 2020
Steadfast Group Limited (ASX: SDF) has recently notified the market with the April 2020 trading update, wherein it stated that the EBITA is in line with its pre-COVID-19 expectations and the company has not experienced any negative impact on its working capital position. The company added that it saw a small volume reduction in its equity brokers with rising premium rates offset by expense savings. SDF’s broker network continues to witness very low take up of the deferred premium offer available from some insurers. In addition to its working capital, the company has an unutilised corporate debt facility of around $180 million.
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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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