Market Update: A Quick Look at Performance of Australian Market on 22 January 2020

  • Jan 22, 2020 AEDT
  • Team Kalkine
Market Update: A Quick Look at Performance of Australian Market on 22 January 2020

The equity market of Australia ended the session in green with benchmark index S&P/ASX200 advancing further by 66.4 points or 0.9% to settle at 7132.7 on 22nd January 2020. Let us now look at the performance of some sectors. S&P/ASX 200 Consumer Staples (Sector) witnessed a rise of 389.4 points and closed at 13,635.0. Also, the S&P/ASX 200 Health Care (Sector) settled at 45,088.6 with an increase of 633.9 points. At the close of the trading, All Ordinaries ended the session at 7249, up 0.9% from its last close.

Let us now turn to the performance of some ASX-listed companies that ended the session in green. PolyNovo Limited (ASX: PNV) inched upward by 10.98% and closed the session at A$2.830 per share. The a2 Milk Company Limited (ASX: A2M) ended the trading session of 22nd January 2020 at A$15.590, up by 5.267%. Fortescue Metals Group Ltd (ASX: FMG) settled at A$12.690 per share after registering an increase of 5.05% on an intraday basis.

Moving towards the gainers and losers at NZX Main Board, Wellington Drive Technologies Limited (NZX: WDT) posted a rise of 6.75% and closed at NZ$0.174. The a2 Milk Company Limited (NZX: ATM) ended the day at NZ$16.040 and mounted up by 4.09%. When it comes to companies in red, New Talisman Gold Mines Limited (NZX: NTL) fell by 14.29% and closed at NZ$0.006.

Recently, we penned important information on Ora Banda Mining Limited (ASX: OBM) that can be read here.

PolyNovo Limited Settles in Green on Australian Stock Exchange

PolyNovo Limited (ASX: PNV) recently announced that PolyMedics Innovations (PMI) placed an order for BTM for the markets of Germany, Austria and Switzerland.

December 2019 was a two-million-dollar month against a revenue of $890k in December 2018 for PNV. The company is due to release its audited financial results on 26 February 2020.

The A2 Milk Company Limited Up 5.267%

The A2 Milk Company Limited (ASX: A2M) recently announced that Morgan Stanley and its subsidiaries became a substantial holder in the company on 14th January 2020 with a voting power of 5.012%.

Through another update, the company announced that Race Strauss commenced to work on the role of Chief Financial Officer (CFO) on 13th January 2020.

On the outlook front, the company expects continued strong revenue growth across its key regions, underpinned by brand and marketing investment in China and the US, in addition to the development of capability and infrastructure to support in-market execution.


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