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At the close of the trading session on 4th May 2020, the Australian equity market was in green. The benchmark index S&P/ASX200 settled at 5319.8, reflecting a rise of 1.41% or 73.9 points. S&P/ASX 200 Consumer Staples (Sector) went up by 297.5 points to 11,858.8. S&P/ASX 200 Industrials (Sector) ended at 5,401.5, indicating an increase of 1.49% on an intraday basis. At the close of the same day, All Ordinaries stood at 5389.5, up by 1.21%.
Some companies on ASX ended in green such as Afterpay Limited (ASX: APT), which rose by 23.8% to $36.100 per share. Qube Holdings Limited (ASX: QUB) inched up by 15.837% and ended the day at $2.560.
S&P/NZX50 went up by 0.26% to 10,476 at the close of session on 4th May 2020. New Talisman Gold Mines Limited (NZX: NTL) experienced an increase of 14.29% to NZ$0.008. Cannasouth Limited (NZX: CBD) soared 8.70% and settled at NZ$0.500 per share. On the other hand, QEX Logistics Limited (NZX: QEX) slipped 19.05% during the session and closed at NZ$0.680.
Recently, we have covered some important information on Pacifico Minerals Limited (ASX:PMY), which can be viewed by clicking here.
Afterpay Limited Ended in Green on 4th May 2020
Afterpay Limited (ASX:APT) recently announced that Tencent Holdings Limited and Tencent Mobility Limited have become an initial substantial holder in the company on 30th April 2020 with the voting power of 5.00%. In another update, the company provided its business update for Q3 FY20 and stated that the strong performance has continued in the business with a significant growth of 105% in underlying sales. During the month of March 2020, the underlying sales throughout all markets were strong. The income margins for the month of March 2020 and for FY20 YTD were higher than 1H FY20.
Qube Holdings Limited Rose 15.837% on the Australian Stock Exchange
Qube Holdings Limited (ASX:QUB) announced that the trading halt on its securities has been lifted from the commencement of trading on 4th May 2020. Recently, the company has completed its institutional entitlement offer and raised around $264 million wherein the company experienced decent support from the institutional shareholders with the take-up of around 99.3%. The company would also raise around $236 million from its retail entitlement offer and will utilise the total proceeds for balance sheet flexibility and to pursue future growth opportunities. As at 31st March 2020, the liquidity position of the company stood at around $470 million after adjusting for the interim dividend of FY20. The company anticipates a decrease in volumes in its various markets because of the continued uncertainty and impact of the COVID-19 pandemic.
