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The Australian Stock Exchange (ASX) ended up higher today following the release of the quarterly statement on monetary policy (SoMP) by the Reserve Bank of Australia. The ASX closed today at 6317 points which is 0.3 per cent or 21.7 points higher than the previous dayâs close. Investors may keep a close watch on the following stocks that closed higher on ASX today.
Wesfarmers Limited
Wesfarmers Limited (ASX:WES) is a company headquartered in Perth, Australia that covers diverse business operations including office supplies, home improvement and outdoor living, energy and fertilisers and apparel and general merchandise.
On 2ND May 2019, the company entered into a Process and Exclusivity Deed with Kidman Resources Limited (ASX: KDR) for a transaction worth ~ $776 million. Kidman received an offer from Wesfarmers to secure 100 per cent of the Kidmanâs outstanding shares at a rate of $1.90 cash per share.
The companyâs stock advanced 0.938 per cent today on ASX closing at AUD 36.590 relative to the last close. Wesfarmers Limitedâs market cap was AUD 41.1bn.
Commonwealth Bank of Australia
The Commonwealth Bank of Australia (ASX: CBA) is one of the major banks of Australia that is engaged in segments like business and private banking, Wealth Management segment, Institutional Banking and Markets, retail banking services and general insurance business.
In order to implement the Royal Commissionâs recommendations, the Commonwealth Bank of Australia halted the preparations of its wealth management and mortgage broking businesses demerger on 14th March 2019.
The CBAâs stock closed today at AUD 75.400, up by 0.306 per cent in comparison to the previous close of AUD 75.170 yesterday. The stock reported a 52-week high and low value of AUD 76.740 and AUD 65.230 respectively. The CBAâs stock has generated a YTD return of 5.92 per cent.
NEXTDC Limited
NEXTDC Limited (ASX: NXT) is an Australia's leading independent data centre operator. The company owns a nationwide network of Tier III and Tier IV facilities and offers business-class colocation services to local and international organisations.
The company announced financial results for the half-year ending 31st Dec 2018 on 27th Feb 2019. In comparison to 1H FY18 figures, the companyâs revenue advanced 17 per cent to $90.8 million, and Underlying EBITDA rose 26 per cent to $42.2 million. The company reported a statutory net loss after tax of $3.1 million during the period.
The companyâs stock increased 1.597 per cent today to AUD 6.360 relative to yesterdayâs close. About 1,346,024 number of NEXTDCâs share exchanged hands today. The stock opened at AUD 6.33 today, touched a high and low value of AUD 6.47 and AUD 6.33 respectively.
Syrah Resources Limited
An Australian-based industrial minerals and technology company, Syrah Resources Limited (ASX: SYR) is mainly involved in the construction and development of the Balama Graphite Project in Mozambique.
On 29th April 2019, the company released its Q1 2019 quarterly activities report and cash flow report. The company achieved a strong safety record with Total Recordable Injury Frequency Rate (TRIFR) of 0.6 as at the end of quarter. The production at Balama Graphite Operation rose 45 per cent in Q1 2019 to 48kt relative to Q4 2018. Syrah had a cash balance of US$62.4 million at the end of the quarter.
Syrahâs stock climbed 0.442 per cent today compared to the last closed stock price and ended at AUD 1.135. Syrahâs market capitalisation stood at AUD 389.06 million. The companyâs stock fluctuated between a high and low value of AUD 1.17 and AUD 1.12 respectively today.
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