AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
In the current volatile scenario, the equity of market of Australia closed in green on 13th March 2020. The benchmark index S&P/ASX200 witnessed a rise of 234.7 points and stood at 5539.3. Let us now have a look at the performance of some sectors. S&P/ASX 200 Health Care (Sector) settled at 43,645.9, reflecting a rise of 10.6%. S&P/ASX 200 Consumer Staples (Sector) went up by 6.31% to 12,038.2. At the end of same trading session, All Ordinaries ended at 5590.7, reflecting an increase of 4.09%.
During the session, some companies performed well like Cochlear Limited (ASX: COH), which rose by 21.077% and ended at $216.110 per share. Netwealth Group Limited (ASX: NWH) soared by 18.647% to $6.490 per share.
S&P/NZX50 witnessed a decline of 4.90% and settled the session at 9,827. Moving at gainers and losers, Green Cross Health Limited (NZX: GXH) stood at NZ$1.230 with a rise of 9.82%. Moa Group Limited (NZX: MOA) ended the session at a closing price of NZ$0.195, reflecting an increase of 5.41%. On the other hand, Tourism Holdings Limited (NZX: THL) experienced a drop of 16.67% and stood at NZ$1.950.
We have written an article on Pacifico Minerals Limited (ASX:PMY), which can be viewed by clicking here.
Cochlear Limited Witnessed a Rise of 21.077% on Australian Stock Exchange
Cochlear Limited (ASX:COH) has recently released results for 1H FY20, wherein, it reported sales revenue amounting to $777.6 million, reflecting a rise of 9%. For the same time period, its reported net profit stood at $157.7 million, indicating an increase of 23%. This includes non-cash after-tax gains of $25.0 million from the revaluation of innovation fund investments. COH declared an interim dividend of $1.60 per share, reflecting a rise by 3%. This reflects a payout of 70% of underlying net profit. With respect to the outlook, the company is expecting net profit for FY 2020 in the range of $270 million-$290 million, implying a rise of 2%-9% on underlying net profit of FY 2019.
Netwealth Group Limited Settled the Trading Session in Green
Netwealth Group Limited (ASX:NWH) reported another period of growth in revenue as well as earnings across all parts of the business. Also, it is expecting a decent contribution in the second half of financial year 2020 from the acquisition of BGC Contracting. This acquisition was wrapped up in December 2019 for the total consideration amounting to $270.1 million. The company ended the half-year with strong cash conversion, which resulted in cash balance of $122.5 million from $65.0 million of 1H FY19. For the half-year, the company declared a fully franked interim dividend of 2.5 cps, which will be paid by NWH on 15th April 2020.
