Market Update: How Australian Equities Performed on December 11, 2019? A Quick Glance

  • Dec 11, 2019 AEDT
  • Team Kalkine
Market Update: How Australian Equities Performed on December 11, 2019? A Quick Glance

As the market players are aware, equity markets in Australia get affected by the performance of global markets. In the event of global slowdown, investors might decide to sell their equity holdings, which might negatively impact the broader stock market. It can be said that the investors tend to avoid deployments towards equities primarily because of the risks associated with the asset class. As a result, investors might make deployments towards safer asset classes. Let us now have a look at the performance of S&P/ASX200.

Australian equities closed the trading session on December 11, 2019 in green with S&P/ASX200 settling at 6752.6, which reflects a rise of 45.7 points or 0.7% on an intraday basis. Let us now have a look at some of the sectors that performed well during the session. S&P/ASX 200 Utilities (Sector) closed at 8,201.7, reflecting a rise of 134.1 points. On the same day, S&P/ASX 200 Communication Services (Sector) closed at 1,315.1, indicating a rise of 1.09% on an intraday basis. The investors need to know that All Ordinaries also ended in green, reaching 6853.2 after inching upward by 41.1 points on an intraday basis.

During the trading session, some companies performed well and close the session in green. Webjet Limited (ASX: WEB) ended at a price of A$12.780 per share, which increased by 9.605% on an intraday basis. In addition, Cooper Energy Limited (ASX: COE) closed at a price of A$0.605 per share, up 5.217% on December 11, 2019.

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Webjet Limited Responds to Media Speculation

Webjet Limited (ASX: WEB), on December 11, 2019, via a market release, responded to recent media speculation related to expressions of interest in the company. WEB stated that objective of the company is to create value for its shareholders and from time to time it considers acquisition interest in the business. It was also reported that WEB has been focusing towards executing the growth strategy.

Cooper Energy Limited Inched Upward 5.217% on Australian Stock Exchange

David Peter Maxwell, one of the directors of Cooper Energy Limited (ASX: COE), made a change to his holdings in the company by acquiring 795,652 performance rights and 2,779,465 share appreciation rights on December 10, 2019.

ALS Limited Up 3.626% On December 11, 2019

ALS Limited (ASX: ALQ) recently released its investor presentation, in which the company reported that half year FY 2020 underlying NPAT stood at $98.2 million and statutory NPAT amounted to $135.6 million. Moreover, EBIT stood at $154.9 million, representing a rise of 7.9% as compared to pcp.

WEB Daily Technical Chart (Source: Thomson Reuters)

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