How Markets in Australia Performed on 16th June 2020

At the close of the trading session on 16th June 2020, Australian equity market settled in green. Benchmark index S&P/ASX200 stood at 5942.3, reflecting an increase of 222.5 points or 3.89%. However, the index has lost 3.30% over the last five days. S&P/ASX 200 Consumer Discretionary (Sector) went up by 5.09% to 2,424.0. S&P/ASX 200 Industrials (Sector) closed the session at 5,933.6 with an increase of 182.5 points.

On ASX, the stock of Viva Energy Group Limited (ASX: VEA) experienced a rise of 15.461% and ended at $1.755 per share. The share price of oOh!media Limited (ASX: OML) rose by 12.105% to $1.065 per share.

Stock Performance (Source: ASX)

S&P/NZX50 closed at 10,954 with a rise of 0.83%. The share price of Me Today Limited (NZX: MEE) rose by 27.91% to NZ$0.110 per share. The stock of AFT Pharmaceuticals Ltd (NZX: AFT) soared by 4.87% to NZ$4.090 per share. On the other hand, the share price of Chatham Rock Phosphate Limited (NZX: CRP) witnessed a sharp fall of 7.18% to NZ$0.181 per share.

Recently, we have written some crucial information on MRG Metals Limited (ASX:MRQ), and the readers can click here to view the content.

Viva Energy Group Limited Rose 15.461% on Australian Securities Exchange

Viva Energy Group Limited (ASX: VEA) recently provided guidance for 1H20 and stated that it expects total sales volume to be in the range of 6,100 to 6,200 million litres. With respect to the commercial segment, VEA anticipates underlying EBITDA (RC) of between $130.0 million – $135.0 million. VEA added that it would proceed with the major maintenance event of its Residual Catalytic Cracking Unit at the Geelong Refinery. The company further stated that the global refining margins have been affected by lower demands for oil products, mainly jet and gasoline fuels due to the measures undertook around the world to manage the spread of COVID-19. The stock of VEA is up by 15.861% due to the release of guidance for 1H FY20.

oOh!media Limited Closed the Session in Green on 16th June 2020

oOh!media Limited (ASX: OML) recently announced that David Wiadrowski has made a change to holdings in the company on 10th June 2020 by acquiring 12,000 fully paid ordinary shares for the consideration of $14,520.00. Considering the significant uncertainty due to COVID-19, the Board ensured that OML is well-equipped to manage through the short-term volatility while remaining in a strong competitive position for the medium term. Recently, the company has completed equity raising of $167 million with an objective to strengthen its balance sheet. The equity raising comprised an institutional and retail entitlement offer to raise $128 million, together with an institutional placement to raise $39 million. The company believes that Out Of Home is likely to grow its share of overall media spend over the longer-term.


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