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Australian Market Closes in Green on 31 January 2020; What Investors Need to Know?

  • January 31, 2020 11:00 PM AEDT
  • Team Kalkine
Australian Market Closes in Green on 31 January 2020; What Investors Need to Know?

At the end of trading session on 31st January 2020, the equity market of Australia ended in green and the S&P/ASX200 stood at 7017.2, reflecting a rise of 8.8 points. Moving towards the performance of some sectors including S&P/ASX 200 Health Care (Sector) which surged by 298.7 points and ended the session at 45,527.9. S&P/ASX 200 Consumer Staples (Sector) witnessed a rise of 90.2 points or 0.68% and marked the closing at 13,207.1. At the end of the day’s trading, All Ordinaries advanced further by 12.6 points and settled at 7121.2.

Gold MTF non-AMP

Now, let’s have a look at the performance of some companies that closed the trading session in green. Link Administration Holdings Limited (ASX: LNK) registered a rise of 9.662% and stood at A$6.810. G.U.D. Holdings Limited (ASX: GUD) closed the session at A$12.020 with a rise of 7.226%. AVITA Medical Ltd (ASX: AVH) stood at a closing price of A$0.675 and inched up by 5.469% on an intraday basis.

Coming to the gainers and losers at NZX Main Board. Tourism Holdings Limited (NZX: THL) experienced a rise of 4.55% and settled at NZ$2.990. Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) closed the session at NZ$23.300 per share, registering a rise of 3.10%. When it comes to losers, TruScreen Limited (NZX: TRU) plunged by 10.00% and settled at NZ$0.099. Evolve Education Group Limited (NZX: EVO) ended the session at NZ$0.161 after reporting a decline of 8.52%.

Recently, we covered some important information on Mount Burgess Limited (ASX: MTB). To read the article, please click here.

LNK Acquires Pepper European Servicing

Link Administration Holdings Limited (ASX: LNK) recently announced to have signed an agreement for the acquisition of the European loan servicing, advisory and asset management business, namely Pepper European Servicing (PES), from Pepper Group for a consideration of €165 million and up to a further €35 million if certain thresholds and growth milestones are met.

The acquisition, which is subject to relevant regulatory approvals, is anticipated to complete in 2H CY20. The acquisition is highly complementary fit for the Banking & Credit Management (BCM) division of LNK, which is increasing scale, revenue diversity as well as growth opportunities.

On the financial front, the company stated that during FY19 and FY18, revenue growth in fund solutions has been underpinned by increased AUM of current clients as well as jurisdictional expansion.

G.U.D. Holdings Limited Posts $227.1 Million in 1H FY20 Revenue

G.U.D. Holdings Limited (ASX: GUD) recently released its results for 1H FY20, highlighting a 3% year on year increase in revenue to $227.1 million, driven from mix of price & volume. During the period, the company experienced improvement in cash flow and balance sheet.

On the outlook front, the company is focused on the execution of core business strategy and growth strategy.

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