Market Update: How Australian Equity Market Performed on 13th January 2020

  • Jan 13, 2020 AEDT
  • Team Kalkine
Market Update: How Australian Equity Market Performed on 13th January 2020

The Australian market is sensitive to the performance of global markets, which is impacted by any major event like the recent US-Iran tensions. The equity market of Australia was in red with benchmark index S&P/ASX 200 closing the session at 6903.7 after registering a decline of 25.3 points on 13th January 2020. S&P/ASX 200 Consumer Staples (Sector) experienced a fall of 88.9 points or 0.7% and settled at 12,617.2. S&P/ASX 200 Energy (Sector) posted a decline of 137.4 points and stood at 11,957.9. At the close of the trading session, All Ordinaries witnessed a drop of 21.7 points, settling the session at 7020.2.

Despite the decline in majority of the Australian market, some companies managed to close the session in green. Afterpay Limited (ASX: APT) settled at A$32.530 per share with a rise of 4.497%. Orocobre Limited (ASX: ORE) ended the trading session in green, inching upward by 3.824% to closed the day’s trade at A$3.530 per share.

Let us now look at NZX Main Board. Enprise Group Limited (NZX: ENS) closed at NZ$0.850 per share, reflecting a rise of 10.39%. Smartpay Holdings Limited (NZX: SPY) ended the day at a closing price of NZ$0.555 per share, up 4.72%. When it comes to losers, Blackwell Global Holdings Limited (NZX: BGI) closed the session at NZ$0.007, reflecting a decline of 12.50%.

Previously, we have penciled some important information on Corazon Mining Limited (ASX: CZN) and advise the readers to have a look on the same. To view, please click here.

Afterpay Limited Up 4.497% on Australian Stock Exchange

Gary Briggs, an experienced marketing leader in the digital sector, recently joined the Board of Afterpay Limited (ASX: APT). In another update, the company notified market participants with Afterpay US, Inc. 2018 Equity Incentive Plan.

During FY19, the company increased its active customer base by 130% and active merchant partners by 101%. APT also grew from around $2 billion to over $6 billion, placing it amongst the top 100 ASX listed companies.

Appen Limited Closes at A$24, Up Over 3%

Appen Limited (ASX: APX) reported strong financial numbers for the half year period ended 30th June 2019, highlighting that the core business performed very well during the period.

Speech and image data witnessed growth of 85% as compared to 1H FY18, while relevance revenue increased by 48% and underlying EBITDA margins expanded to 18.9% from 16.8%. The Board also declared an interim dividend, which amounted to 4.0 cps, partially franked.

Continuing investment in technology is aiding the company while uniquely placing APX to meet the market’s demand for high volumes of quality data at speed across multiple data types for a growing number of use cases.


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